Promentum Equity Partners

Promentum Equity Partners was founded on the vision of building outstanding technology businesses. We back ambitious entrepreneurs in making real and lasting impact with their business ideas. We invest in companies with strong value propositions, significant market potential, and passionate entrepreneurs. We invest at growth stage in kick-ass software start-ups within the technology space.

Amer Ramzan

Managing Partner

11 past transactions

Motosumo

Series A in 2021
Motosumo is a developer of a cloud-based fitness technology platform that enhances the indoor cycling experience for home users and gym facilities. The platform specializes in sensorless cadence measurement, enabling real-time performance tracking during fitness training. Motosumo's innovative systems utilize body-mounted sensors and advanced algorithms to analyze motion, benefiting both physiotherapists and athletes. By automatically connecting participants in a group setting, the platform allows instructors to monitor and guide users effectively, fostering an interactive and intelligent training environment. This technology revitalizes traditional fitness classes and supports gyms in upgrading their equipment for a more engaging and effective workout experience.

Askcody

Venture Round in 2019
AskCody is a Workplace Platform focused on meeting management and resource scheduling, aimed at enhancing operational efficiency in organizations. The platform simplifies the booking process for meetings and resources, allowing Facilities Management and Office Managers to streamline administrative tasks. It serves various sectors, including law firms, financial services, and corporate headquarters, by providing visibility and connectivity within the work environment. Companies utilizing AskCody experience significant improvements in productivity and collaboration, leading to reduced real estate costs and enhanced workplace utilization. The platform integrates seamlessly with Microsoft Office 365 and Exchange, enabling a more efficient handling of meetings and resources. By addressing common challenges in meeting management and optimizing resource allocation, AskCody fosters a more effective and connected office experience.

FarmBackup

Seed Round in 2018
FarmBackup is the world's first online marketplace for on-demand farming, founded in Denmark in October 2015 and expanded to the UK and New Zealand in subsequent years. The platform provides a comprehensive solution for agricultural operations by digitizing traditional paper-based workflows. Users can list unused farming equipment, request agricultural services, and manage various tasks such as job planning, tracking, invoicing, payroll, safety checks for machines, irrigation management, and storage management. This technology aims to help farmers and agricultural contractors streamline their operations, reduce office hours, and maintain compliance, thereby enhancing overall business efficiency. In May 2019, FarmBackup introduced FarmBackup Task, a task management solution designed specifically for the needs of its users.

Movi

Venture Round in 2018
Movi is an information technology company that specializes in the fields of artificial intelligence and product services. The company focuses on the content distribution of high definition video is now a commodity. Anyone can these days get access to the services needed to build a Netflix grade video service through Akamai Media Services. Movi was founded in 2014 and headquartered in Oslo, Norway.

SalamPlanet

Venture Round in 2018
SalamPlanet is a new modern lifestyle appetite that wants to gather all your interests in an app that takes into account your needs as a Muslim. Take care of our new app, both informative, enriching and engrossed with fun.

Motosumo

Venture Round in 2018
Motosumo is a developer of a cloud-based fitness technology platform that enhances the indoor cycling experience for home users and gym facilities. The platform specializes in sensorless cadence measurement, enabling real-time performance tracking during fitness training. Motosumo's innovative systems utilize body-mounted sensors and advanced algorithms to analyze motion, benefiting both physiotherapists and athletes. By automatically connecting participants in a group setting, the platform allows instructors to monitor and guide users effectively, fostering an interactive and intelligent training environment. This technology revitalizes traditional fitness classes and supports gyms in upgrading their equipment for a more engaging and effective workout experience.

Plytix

Seed Round in 2017
Plytix is a cloud-based Product Information Management (PIM) platform designed to help small and medium-sized businesses efficiently manage their product data. It offers a user-friendly interface and a cost-effective solution, making it a popular choice among retailers globally. The platform centralizes product information, enabling retailers to streamline digital product management by sourcing and sharing content, which enhances their ability to monitor performance across various online marketplaces. Additionally, Plytix provides valuable analytics that help retailers reduce costs, such as on photoshoots, and save time when introducing new products. The company's commitment to onboarding and customer support further distinguishes it in the competitive PIM market.

Actimo

Series A in 2017
Actimo ApS is a Copenhagen-based company that specializes in developing a mobile dialogue platform aimed at enhancing communication and training within businesses. Founded in 2010, Actimo provides solutions that facilitate mobile mass communication, enabling managers to engage with employees and customers effectively. Their offerings include dialogue-based messaging tools for sales and support teams, mobile training programs for workforce development, and internal communication solutions that promote feedback and interaction. Additionally, Actimo provides automation and API capabilities to streamline operations. As of October 2020, Actimo operates as a subsidiary of Kahoot! AS, further extending its reach and influence in the employee engagement sector.

Askcody

Seed Round in 2017
AskCody is a Workplace Platform focused on meeting management and resource scheduling, aimed at enhancing operational efficiency in organizations. The platform simplifies the booking process for meetings and resources, allowing Facilities Management and Office Managers to streamline administrative tasks. It serves various sectors, including law firms, financial services, and corporate headquarters, by providing visibility and connectivity within the work environment. Companies utilizing AskCody experience significant improvements in productivity and collaboration, leading to reduced real estate costs and enhanced workplace utilization. The platform integrates seamlessly with Microsoft Office 365 and Exchange, enabling a more efficient handling of meetings and resources. By addressing common challenges in meeting management and optimizing resource allocation, AskCody fosters a more effective and connected office experience.

Grazper

Seed Round in 2016
Grazper is a software development company that specializes in creating real-time, embedded 3D analytics solutions powered by artificial intelligence. The team comprises experts in Deep Learning, Computer Vision, and 3D real-time graphics, along with skilled hardware and software engineers. Grazper aims to leverage AI technology to make complex information more understandable and accessible. Their online platform utilizes AI-based tools that facilitate the labeling and sorting of data, allowing clients to upload and embed their information in the cloud in real time. Through these innovative solutions, Grazper is committed to transforming the way data is interpreted and utilized across various applications.

Napp

Seed Round in 2016
Napp operates a Sales Enablement Platform designed to enhance productivity and effectiveness in sales and marketing. The platform consolidates sales materials, allowing for easy access and segmentation tailored to specific sales representatives. Napp differentiates itself by providing sales reps with the ability to look up product, price, and stock details in real-time via their app, enabling them to place orders directly during client meetings. This functionality leads to more relevant client interactions, optimizes marketing resource allocation, and minimizes the administrative burden on sales teams, allowing them to focus on selling. Additionally, Napp offers a partner relationship management component that facilitates connections between manufacturers and resellers, enhancing communication and fostering revenue growth through effective management of products, training, and feedback across various partners and devices.
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