GRO Capital
Private equityCopenhagen · Series B–Growth · 33 people tracked
Investment thesis
GRO Capital backs experienced leaders scaling advanced software businesses, positioning itself as a pragmatic, pattern-aware partner. Its support framework centers on three areas: scaling the commercial organization, delivering innovative product and technology, and building high-performing teams and culture. The firm emphasizes helping companies grow with speed and discipline while managing the tension between ambition and focus. Its portfolio spans sectors including cybersecurity, industrial automation, and energy infrastructure, and it draws on prior operating and investing experience to make scaling repeatable through structure and prioritization.
Source: firm website, verified Aug 18, 2026.
Team · 33 people
from the firm's website
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What they invest in
from 13 of 23 portfolio companiesSaaS ×12AI & Machine Learning ×6Enterprise Software ×6Advanced Manufacturing ×2Construction Tech ×2Data & Infrastructure ×2IoT ×2Cybersecurity ×1
HQs:Austria×1
Investments · 23 tracked
founders shown can be your intro pathToolSense offers a horizontal asset management and maintenance platform built on IoT connectivity, serving facility management, construction, logistics, and hospitality operators.
Enterprise SoftwareIoTPropTechSaaSVienna, AT
Co-investorsaws GründungsfondsMatterwave Ventures
AIMMS provides a decision intelligence and optimization platform that helps enterprise supply chain teams model networks, run scenarios, and evaluate trade-offs such as cost, service, and CO2.
Enterprise SoftwareLogistics & Supply ChainSaaS
Akselos develops Structural Performance Management (SPM) software that uses physics-based AI to combine operational data with real-time structural integrity conditions, giving operators predictive insight into asset limits, throughput, and lifecycle decisions.
AI & Machine LearningEnergySaaS
Co-investorsAlumni VenturesBasecamp FundCastor Ventures (an Alumni Ventures Fund)ElewitFuture Energy Ventures
Auditdata provides an audiology practice management platform for multi-location hearing care clinics, covering scheduling, patient records, clinical workflows, billing/claims, inventory, and network-wide reporting.
Digital HealthHealthtechSaaS
Catenda offers an open platform for construction and building project data built on open standards such as IFC and BCF and open APIs.
AI & Machine LearningConstruction TechSaaS
OAuth and OpenID Connect server for identity and API security.
Co-investorsFairpoint Capital
DigitalRoute provides UsageCloud, a usage data platform that meters product and AI usage in real time and supplies finance-grade data to billing, ERP, and finance systems.
Data & InfrastructureEnterprise SoftwareSaaS
Co-investorsTempoCap
Co-investors4impact capitalAct Venture CapitalACT Venture CapitalAmadeus Capital SAAngel Physicians FundAnkur Capital+58 more
KeyShot provides a 3D product visualization platform used by design, engineering, and marketing teams to render products photorealistically from CAD models throughout the product lifecycle.
Advanced ManufacturingEnterprise SoftwareSaaS
Netigate offers an AI-powered experience management platform that unifies customer and employee feedback in one place, providing analytics and insights for businesses.
AI & Machine LearningMarketing TechSaaS
Paligo is a cloud-based component content management system (CCMS) offering structured, topic-based authoring, content reuse, and multi-channel publishing for technical documentation teams.
AI & Machine LearningEnterprise SoftwareSaaS
Promon is a runtime application security company whose platform embeds protection into compiled mobile, desktop, web, and SDK applications without source code changes, then collects runtime telemetry, scores risk with AI, and automates threat response from inside the running app.
AI & Machine LearningCybersecuritySaaS
Tacton builds a buyer engagement platform for manufacturers of configured and complex products, extending beyond CPQ (configure, price, quote) to connect the sales and quoting process with smart factory operations.
Advanced ManufacturingSaaSSales Tech
TARGIT provides business intelligence and reporting software with pre-built dashboards and automated reports tailored to specific industries such as automotive and car dealerships.
Data & InfrastructureEnterprise SoftwareSaaS
Trackunit provides telematics and data connectivity for construction equipment, turning machines, tools, and jobsites into connected assets that deliver real-time fleet visibility and insights.
AI & Machine LearningConstruction TechIoT
Exits · 1
IPOs and acquisitions across the tracked portfolioCurityacq. by GRO Capital
Fund performance · per public LP disclosures
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| GRO Capital IIILPs: Los Angeles County Employees Retirement Association | 2019 | — | 5.1% | 1.05x | 0.31x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has GRO Capital made?
- GRO Capital has 23 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does GRO Capital invest at?
- GRO Capital invests at the Series B, Series C, Growth stages.
- What sectors does GRO Capital focus on?
- GRO Capital focuses on B2B Marketplaces, Cybersecurity, Energy, Enterprise Software, SaaS.
- Where is GRO Capital located?
- GRO Capital is headquartered in Copenhagen, DK.
- Who does GRO Capital co-invest with?
- GRO Capital most often shares deals with Alumni Ventures, aws Gründungsfonds, Basecamp Fund, among 9 tracked co-investors.
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