Monterro announces final close of Monterro G1 at €150m hard cap

Monterro announces final close of Monterro G1 at €150m hard cap

Monterro, a leading Nordic B2B software investor, has announced the final close of Monterro G1 at its €150m hard cap, including a 24% GP commitment. The Fund was oversubscribed and raised entirely from existing investors.

Launched as an integrated product within the Monterro family, G1 was established to invest in smaller-cap, earlier stage B2B software businesses in the Nordic lower mid-market, enhancing Monterro’s first-look position in the segment. The Fund will follow the same strategy as a hands-on, operationally led growth investor and will leverage the Firm’s powerful sector expertise, unique value creation model and extensive SaaS network.

G1 received overwhelming support from the Firm’s blue-chip, international investor base with an >80% re-up rate in a heavily oversubscribed and expedited process. Alongside the Monterro team, several entrepreneurs from Monterro’s portfolio companies also invested, demonstrating Monterro’s culture of pure alignment. Monterro has already made its first investment out of the G1 Fund, a majority stake in Swedish configure-price-quote specialist, Spark Vision, directly from its founding management.

Rede Partners is proud to have supported Monterro with the launch of G1, having previously worked with the team on the successful M4 fundraise which closed in November 2021 at its €700m hard-cap. We extend our warmest congratulations to the whole team at Monterro on the successful raise of G1 and look forward to our continued partnership.

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