What investment strategy does Monterro focus on?

Monterro focuses on Buyout strategies in the private equity space.

How many portfolio companies does Monterro have?

Monterro has 11 active portfolio companies and 9 completed exits and 4 funds tracked on GP Intel.

Where is Monterro headquartered?

Monterro is headquartered in Stockholm, Sweden.

What is Monterro's assets under management?

Monterro manages approximately €3.1B in assets under management.

What sectors does Monterro invest in?

Monterro invests across Software.

What are Monterro's recent exits?

Recent realized exits by Monterro include: Next One Technology (2024) to EQT; Hypergene (2023) to Thoma Bravo; Outpost24 (2022) to Vitruvian Partners; Specops Software (2021) to Outpost24; Grade (2021) to Viking Venture; Palette (2021) to Altor; Tradedoubler (2015) to Reworld Media.

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Monterro

Stockholm, Sweden·Founded 2012·

Buyout

·monterro.com

Monterro is a Stockholm-based private equity firm founded in 2012 that takes majority control positions in profitable Nordic B2B software and SaaS companies and grows them into international market leaders through hands-on operational involvement.

AUM

€3.1B

Funds

vintages 2013–2022

Portfolio

Exits

Monterro is a Stockholm buyout firm with €3.1B AUM, 11 active companies and 9 exits.

SectorsSoftware

Key takeaways

·7 exits in the last 5 years · consistent DPI cadence.
·Average hold across 9 realized deals: 5 years.
·Top sector focus: Software (25% of portfolio).
·Fund cadence: ~3Y between vintages · last raise 2022.

Sector breakdown

20 companies

Software

5 · 25%

SaaS

3 · 15%

Cybersecurity

3 · 15%

HealthTech

2 · 10%

EdTech

1 · 5%

Fintech

1 · 5%

Data & Analytics

1 · 5%

InsurTech

1 · 5%

Geography breakdown

3 geographies

Sweden

17 · 85%

Norway

2 · 10%

Denmark

1 · 5%

Key facts

HQStockholm, Sweden

Founded2012

Websitemonterro.com

Recent exits

Monterro sold Next One Technology to EQT in 2024 after 5 years.

Monterro sold Hypergene to Thoma Bravo in 2023 after 7 years.

Monterro sold Outpost24 to Vitruvian Partners in 2022 after 6 years.

Monterro exited Axiomatics in 2022 after 9 years.

Coverage notes

4 funds tracked, 20 portfolio companies (11 active · 9 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Monterro has raised, with its portfolio companies. Hand-checked from public filings.

4 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Monterro 4

Buyout2022€700M4 assets

Buyout

2022 · 4yr

€700M

–

Unrealized

4 held

Company	Entry
Kaisa SaaS · Sweden	2026
PIHR Software · Sweden	2024
Planima Software · Sweden	2025
Umbraco Software · Denmark	2022

Monterro IIIHarvesting

Buyout20196 assets2 exits

Buyout

2019 · 7yr

–

Unrealized

6 held

Company	Entry
Bliksund HealthTech · Norway	2020
MaintMaster Software · Sweden	2020
Milient SaaS · Norway	2021
TimeEdit EdTech · Sweden	2020
Trapets Fintech · Sweden	2020
Viedoc HealthTech · Sweden	2019

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Next One Technology Software · Sweden	2019	2024	Secondary	EQT	–
Specops Software Cybersecurity · Sweden	2019	2021	Trade Sale	Outpost24	–

Monterro IIHarvesting

Buyout20161 assets2 exits

Buyout

2016 · 10yr

–

Unrealized

1 held

Company	Entry
Lumera InsurTech · Sweden	2017

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Hypergene Data & Analytics · Sweden	2016	2023	Secondary	Thoma Bravo	–
Outpost24 Cybersecurity · Sweden	2016	2022	Secondary	Vitruvian Partners	–

Monterro IRealized

Buyout20130 assets5 exits

Buyout

2013 · 13yr

–

Realized

5 exits

Company	Entry	Exit	Type	Buyer	MOIC
Axiomatics Cybersecurity · Sweden	2013	2022	–	–	–
Grade HR Tech · Sweden	2015	2021	Secondary	Viking Venture	–
Lime SaaS · Sweden	2014	2020	IPO	–	–
Palette AI/ML · Sweden	2015	2021	Secondary	Altor	–
Tradedoubler AdTech · Sweden	2013	2015	Secondary	Reworld Media	–

Frequently asked questions

What investment strategy does Monterro focus on?: Monterro focuses on Buyout strategies in the private equity space.
How many portfolio companies does Monterro have?: Monterro has 11 active portfolio companies and 9 completed exits and 4 funds tracked on GP Intel.
Where is Monterro headquartered?: Monterro is headquartered in Stockholm, Sweden.
What is Monterro's assets under management?: Monterro manages approximately €3.1B in assets under management.
When was Monterro founded?: Monterro was founded in 2012.
What sectors does Monterro invest in?: Monterro invests across Software.
What are Monterro's recent exits?: Recent realized exits by Monterro include: Next One Technology (2024) to EQT; Hypergene (2023) to Thoma Bravo; Outpost24 (2022) to Vitruvian Partners; Specops Software (2021) to Outpost24; Grade (2021) to Viking Venture; Palette (2021) to Altor; Tradedoubler (2015) to Reworld Media.