GRO Becomes Majority Investor in Netigate AB

GRO Acquires DigitalRoute from Neqst

April 23, 2024

Software

Northern European private equity firm GRO has agreed to acquire DigitalRoute, a Stockholm-based leader in Usage Data Management software, from Swedish PE firm Neqst. The acquisition will support DigitalRoute's expansion and accelerate product development to capture growing demand for subscription- and usage-based billing and monetization across industries.

GRO Capital Invests in Secomea to Accelerate SaaS Growth

June 29, 2021

Cloud & SaaS

Secomea A/S, a Denmark-based provider of secure remote access IIoT SaaS solutions, has agreed to take a strategic investment from GRO Capital A/S. GRO will become a new shareholder and provide growth capital to accelerate Secomea's global expansion and strengthen its SaaS offering for manufacturers and machine builders.

GRO Makes Majority Investment in Catenda AS

March 15, 2024

Cloud & SaaS

GRO, a Northern European private equity firm, has completed a majority investment in Catenda AS, a Norway-based provider of BIM and Common Data Environment (CDE) software. Spring Capital (Polaris), the lead investor to date, sold all its shares as GRO becomes majority owner and will inject growth capital to accelerate Catenda's global commercial scaling.

GRO Capital Acquires Majority Stake in Queue-it

March 26, 2020

Software

GRO Capital has agreed to become the new majority shareholder of Queue-it, providing capital to accelerate product innovation, expand the partner network, and grow sales and marketing. Queue-it, a Copenhagen-headquartered SaaS provider of virtual waiting room software with offices in the U.S. and Australia and over 85 employees, will use the investment to deepen its position in North America and expand further across Europe and Asia; former investors will no longer be shareholders.

GRO Makes Strategic Investment in Curity

May 11, 2023

Cybersecurity

GRO, a Northern European private equity firm, has made a strategic growth investment in Curity I/O AB to accelerate the company's organizational expansion, global commercial scaling, and product leadership in digital identity and API security. Curity will continue to be led by its founding management team, with GRO providing operational support, sector expertise and capital to support the next phase of scaling.

GRO Capital Makes Strategic Investment in Adform

April 8, 2019

Cloud & SaaS

GRO Capital has agreed to become a new shareholder in Adform A/S, injecting significant equity and partnering with existing investor VIA equity and Adform’s management to support the company’s growth. Adform, a Copenhagen-based ad tech SaaS provider with roughly 850 employees, will use the investment to accelerate its global expansion and product development; closing was anticipated by end of April 2019.