Monterro announces the first and final close of Monterro 4 at €700m

Monterro announces the first and final close of Monterro 4 at €700m

Monterro, a leading B2B software growth investor in the Nordics, has today announced the first and final close of its fourth fund (‘M4’ or ‘the Fund’) at €700 million. With the launch of M4 the firm now has over €1.1bn in assets under management.

M4 will be deployed within Monterro’s current strategy as a hands-on, operationally led growth investor targeting Nordic B2B software companies. Monterro’s software expertise and value creation model will enable it to continue to capture unique opportunities as a distinctive partner for software entrepreneurs.

There was unprecedented demand from existing investors with a 100% re-up rate from institutional LPs, as well as capital from 15 new prestigious institutional investors, including renowned fund of funds and top ranked US and British endowments. As in the predecessor funds, Monterro’s founders and employees continue to be the largest investor, with a 20% commitment in M4. Alongside this, 20 entrepreneurs and CEOs from Monterro’s portfolio companies have invested in the Fund.

The successful close of M4 follows Monterro’s continued delivery of market leading returns across funds, with M1 – M3 being amongst the best performing in Europe. In 2021 Monterro has seen two successful exits of Grade and Palette, and three platform investments in Bliksund, Umbraco and Moment. Monterro has also expanded the team which has more than doubled the last 18 months, as well as opening two new offices in Oslo, Munich, and the establishment of a distributed software development centre, ‘Scandinavian Software Park’, in Vietnam.

We are delighted to have supported Monterro on this raise.

 

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