Monterro, known as one of the largest B2B software investors in the Nordics, has launched two new funds, named M5 and G2, which together total €1.725 billion. This new round of fundraising has more than doubled Monterro’s assets under management, bringing the total to €3.1 billion.
This significant increase not only reinforces Monterro’s position as the foremost software-focused investor in the Nordic region but also enhances its capacity to support local software companies in their aspirations to attain market leadership.
The response to these new funds has been overwhelmingly positive, drawing interest from both existing and new investors. In a testament to Monterro’s reputation in the investment community, both funds were heavily oversubscribed, successfully closing in under four months, despite a challenging global fundraising environment.
This outcome has enabled Monterro to attract 26 new institutional investors from across Europe, the APAC region, the United States, and South America. Consistent with previous fundraising efforts, Monterro remains the largest contributor to these new funds, committing over 10% of the total capital raised. Additionally, around 50 entrepreneurs and executives from Monterro’s portfolio companies have opted to invest in these newly established funds, further demonstrating confidence in Monterro’s strategy.
The high level of interest signifies Monterro’s robust capability to nurture Nordic software companies—a strategy that has consistently delivered high returns and ranked all its funds among the best-performing in Europe. Monterro’s success is attributed to its dedicated team, the majority of whom possess significant operational experience, with many having previously built and managed software companies themselves. This wealth of experience equips them to provide invaluable hands-on support, expert guidance, and essential networking connections, helping companies scale and secure their positions as market leaders.
Monterro has also set itself apart with unique initiatives that bolster its investment strategy. For instance, it has brought on in-house AI specialists who work with portfolio companies to boost efficiency and incorporate artificial intelligence into their products. Furthermore, Monterro has established the Scandinavian Software Park, a software development center located in Vietnam, which employs over 150 developers dedicated to supporting Monterro’s portfolio companies. Additionally, Monterro fosters a strong community that facilitates knowledge-sharing and networking among portfolio leaders, exclusively focused on the B2B software sector. This support structure has solidified Monterro’s reputation as a highly sought-after partner for ambitious software entrepreneurs throughout the Nordic region.
Some of the firm’s key highlights include investments in six new software companies, the completion of five add-on acquisitions, the establishment of a new office in Helsinki, and the expansion of its team with the addition of 16 new employees. This growth initiative reflects Monterro’s commitment to enhancing its presence across all Nordic countries, positioning itself to better serve the dynamic needs of the software industry.
Advisors: Monterro was advised on the fundraise by Rede Partners and Andulf Advokat.
KEY QUOTES:
“This fundraise reflects our position as the leading B2B software investor in the Nordics and the trust our investors place in our model. It’s a testament not only to the strong returns we’ve consistently delivered but also to our long-term vision we bring as hands-on operational investors. We’re excited to continue backing ambitious founders and helping them and their businesses achieve their full international potential.”
Lars Sveder, co-founder and Chief Investment Officer of Monterro
“What makes us most proud are the remarkable growth journeys we’ve been part of, together with the software companies we support. Through our operational experience, strategic guidance, and broad network, we’ve helped founders scale their companies faster and expand into new markets. With additional capital, we can now support even more Nordic software companies in becoming international market leaders.”
Gustav Lagercrantz, CEO of Monterro
