Monterro Growth
Growth equityStockholm · Growth · 79 people tracked
Also known as MONTERRO FUND MANAGEMENT AB
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Investment thesis
Monterro positions itself as a company builder rather than a passive backer, investing exclusively in Nordic B2B software companies. The firm emphasizes hands-on operational involvement drawn from its team's own experience building and scaling software businesses, and co-invests its own capital alongside founders. A central part of its approach is helping portfolio companies embed AI across product, development, and operations through a dedicated AI team and shared playbooks it calls 'Infuse AI,' now used across 25+ portfolio companies. Monterro backs businesses that already have proven products and working commercial models, focusing on scaling them for the AI era.
Source: firm website, verified Sep 29, 2026.
Team · 79 people
from the firm's website & curatedFounder mafia
3 people who came through Monterro Growth went on to found or lead other companies.
What they invest in
from 15 of 44 portfolio companiesSaaS ×13Enterprise Software ×11AI & Machine Learning ×6Data & Infrastructure ×4HR Tech ×3Marketing Tech ×3Cloud Computing ×2Construction Tech ×2
HQs:Sweden×5Denmark×2Germany×1Norway×1United States×1
Investments · 44 tracked
founders shown can be your intro pathHypergene provides a cloud-based platform for financial planning and analysis (FP&A) and project and portfolio management (PPM), covering strategic planning, budgeting, forecasting, analysis, and reporting.
Enterprise SoftwareFintechSaaS
Co-investorsThoma Bravo
Maintmaster provides manufacturing intelligence software that transforms operator notes and downtime data into structured issue categories and financial analysis to support investment decisions for maintenance upgrades and reliability improvements.
Advanced ManufacturingAI & Machine LearningData & InfrastructureEnterprise SoftwareIoTSaaSHamburg, DE
Co-investorsAlmi Invest
Matilda Food Tech provides digital solutions for food producers to manage production and distribution, including tender management, food safety compliance, and data-driven product decisions.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFoodTechSaaS
Next offers a project management system for the construction industry that covers the full project lifecycle from quote to invoice, helping construction firms plan, manage, and run profitable projects in one system.
Construction TechSaaS
Provides application and cloud security technology and services simplifying security needs of modern businesses (invested 2016, divested 2022).
Co-investorsBright Pixel CapitalGolub GrowthKibo VenturesVitruvian Partners
Timextender provides a data integration and management platform with modules for data integration, enrichment, quality, and orchestration.
AI & Machine LearningCloud ComputingData & InfrastructureSaaSDenmark, DK
Heine Krog Iversen(Founder)Thomas Christiansen(Chief Data Architect)
Umbraco is a content management system (CMS) designed for enterprises and partners.
Climate TechCloud ComputingDeveloper ToolsEnterprise SoftwareMarketing TechSaaSOdense, DK
Co-investorsBonnier CapitalBonnier Ventures
Valona provides competitive and market intelligence software for Fortune 500 companies and enterprises to inform strategic business decisions.
AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing Tech
Kimmo Havu(Chief Executive Officer)inJani Wahlroos(Chief Financial Officer)inStuart Reynish(Chief Product Officer)inNiklas Carling(Chief Revenue Officer)inKati Tammisto(Chief Marketing Officer)inEric Lau(Chief Customer Officer)in
Co-investorsInnovestor Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AutoflowsAxiomaticsCaspecoCenturiCrm ServiceKaisaLimeLumeraMorsOmniaPalettePhirPlanacyPlanimaProjektportalenPythagorasQondorSpark VisionSpecopsSysteconTelarisTimeditTinextenderTradedoublerUniwiseValonaWeissr
Portfolio news
latest coverage across their companiesOutpost24 · thesaasnews.com · Dec 30, 2025
Hypergene · hypergene.com · Sep 3, 2025
Frequently asked questions
- How many investments has Monterro Growth made?
- Monterro Growth has 44 tracked investments.
- What stage does Monterro Growth invest at?
- Monterro Growth invests at the Growth stage.
- What sectors does Monterro Growth focus on?
- Monterro Growth focuses on AI & Machine Learning, Construction Tech, Cybersecurity, EdTech, Enterprise Software, Fintech, FoodTech, PropTech, SaaS.
- Where is Monterro Growth located?
- Monterro Growth is headquartered in Stockholm, SE.
- Does Monterro Growth lead rounds?
- Yes, Monterro Growth leads investment rounds.
- Who does Monterro Growth co-invest with?
- Monterro Growth most often shares deals with Bonnier Capital, Bright Pixel Capital, Golub Growth, among 5 tracked co-investors.
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