Private Equity Firm Software

GRO Capital

Copenhagen, Denmark

GRO Capital is a Northern European private equity fund focused on mid-sized B2B software companies, partnering with management to scale sales and marketing, strengthen leadership teams, and improve operational performance to enable customer performance and digital transformation.

Focus Areas
B2B software, Digital workflows, Go-to-market scaling

Tracked deals

14

14 tracked deals across 2019-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

7 buyout · 7 growth capital

GRO Capital Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for GRO Capital. 1 2019 2 2020 4 2021 1 2022 3 2023 2 2024 1 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 14 tracked deals for GRO Capital.

  • Buyer
    GRO (GRO Fund III), Kirk Kapital, Private Equity Group of J.P. Morgan Asset Management, P+
    Target
    Omada A/S
    Seller
    CVC Growth Funds, GRO Fund II
    Industry
    Cybersecurity
    Location
    Denmark
    Type
    Buyout

    Omada A/S, a Copenhagen-based leader in identity governance software, accepted a majority investment led by GRO Fund III together with new investor Kirk Kapital and co-investors including the Private Equity Group of J.P. Morgan Asset Management and P+. The transaction provides a full exit to CVC Growth Funds and GRO Fund II and will fund Omada's global expansion, AI-driven product innovation and potential strategic M&A.

  • Buyer
    GRO
    Target
    DigitalRoute
    Seller
    Neqst
    Industry
    Software
    Location
    Stockholm County, Sweden
    Type
    Buyout

    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.

  • Buyer
    GRO
    Target
    Catenda AS
    Seller
    Spring Capital, Spring Capital Polaris
    Industry
    Cloud & SaaS
    Location
    Oslo, Norway
    Type
    Buyout

    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.

  • Buyer
    Rubicon Technology Partners, GRO Capital (GRO Fund III)
    Target
    Tacton
    Seller
    GRO Fund I, Kirk Kapital
    Industry
    Cloud & SaaS
    Location
    Stockholm, Sweden
    Type
    Buyout

    Rubicon Technology Partners has acquired Tacton, the Stockholm-headquartered leader in CPQ SaaS for complex manufacturers, with GRO Capital (via GRO Fund III) investing alongside Rubicon. The transaction represents a sale by existing investors GRO Fund I and Kirk Kapital and is intended to accelerate Tacton's global growth, particularly in North America, through product innovation and go-to-market expansion.

  • June 13, 2023
    Buyer
    GRO
    Target
    Akselos
    Industry
    Software
    Location
    Vaud, Switzerland

    Northern European private equity firm GRO has made a strategic growth investment in Akselos to support the engineering simulation software company's organizational expansion, global commercial scaling, and product leadership. Akselos, headquartered in Lausanne, Switzerland, provides physics-based digital twin technology used across the energy sector and will partner with GRO alongside existing investors such as Shell Ventures.

  • Buyer
    GRO
    Target
    Curity I/O AB
    Industry
    Cybersecurity
    Location
    Sweden

    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.

  • Buyer
    GRO
    Target
    Netigate AB
    Industry
    Cloud & SaaS
    Location
    Stockholm County, Sweden
    Type
    Buyout

    GRO (GRO Capital) has made a majority investment in Netigate AB, a Stockholm-headquartered experience management SaaS provider. The investment will support Netigate’s product development and international growth as the company scales its experience management platform for mid-market customers.

  • Buyer
    GRO, Kirk Kapital, Trifork
    Target
    Promon AS
    Industry
    Cybersecurity
    Location
    Oslo, Norway
    Type
    Buyout

    Promon AS, an Oslo-based provider of application shielding software, has accepted a strategic investment led by GRO with participation from Kirk Kapital; Trifork will also invest and enter a strategic partnership. The GRO consortium becomes a majority investor to accelerate global growth, expand across industry verticals, and fund product innovation for Promon's SHIELD application-protection platform.

  • Buyer
    GRO Capital A/S
    Target
    Secomea A/S
    Industry
    Cloud & SaaS
    Location
    Denmark

    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.

  • Buyer
    GRO Capital, Hg
    Target
    Trackunit
    Industry
    Cloud & SaaS
    Location
    Denmark

    GRO Capital announced a reinvestment in Trackunit through a newly established continuation vehicle, taking a minority position and securing board representation. The reinvestment is made alongside existing investor Hg, backing Trackunit’s continued growth as a SaaS-based telematics and machine-insights provider for the construction equipment market.

  • Buyer
    GRO Capital
    Target
    Luxion (KeyShot)
    Seller
    Henrik Wann Jensen, Claus Wann Jensen
    Industry
    Software
    Location
    Central Denmark Region, Denmark

    Luxion, the maker of KeyShot 3D product design rendering software, has partnered with Northern European private equity firm GRO Capital in a growth investment to accelerate product innovation and international expansion. The founders, Henrik and Claus Wann Jensen, will continue with the business as GRO brings capital and go-to-market support to scale sales, marketing and the partner network.

  • Buyer
    GRO Capital A/S
    Target
    iPoint-systems gmbh
    Industry
    Software
    Location
    Germany

    Northern European private equity firm GRO Capital A/S has taken a minority stake in Germany-headquartered iPoint-systems gmbh, a provider of product compliance and sustainability software. The investment will provide capital and strategic support to accelerate product innovation, expand sales and marketing, and deepen iPoint's presence in North America and Asia.

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