Founded in 2012, Monterro specialises in supporting Nordic B2B software businesses through operational expertise, strategic guidance, and international expansion. Its initiatives include in-house AI specialists, a software development hub in Vietnam, and an exclusive community network for portfolio company leaders.

Lars Sveder, co-founder and Chief Investment Officer, said: “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.”

Gustav Lagercrantz, CEO of Monterro, added: “With additional capital, we can now support even more Nordic software companies in becoming international market leaders.”

Monterro has been highly active this year, investing in six new companies, completing five add-on acquisitions, expanding its team by 16, and opening a new office in Helsinki.

The firm was advised on the fundraise by Rede Partners and Andulf Advokat.