GRO Capital

Overview

GRO Capital is a private equity firm headquartered in Copenhagen, Denmark, with additional offices in London and Oslo. The firm focuses exclusively on investing in mature B2B software and technology-enabled companies with strong growth prospects. GRO Capital partners with companies primarily located in Northern Europe, including the Nordics, DACH (Germany, Austria, Switzerland), and Benelux (Belgium, Netherlands, Luxembourg). The firm's investment strategy centers on providing growth and buyout capital to companies offering business-critical products that address fundamental societal challenges such as resource efficiency, cybersecurity, energy, and digitalization. GRO Capital's portfolio includes notable companies like Omada, a global leader in Identity Governance and Administration software, and AIMMS, a pioneer in supply chain and decision optimization software. GRO Capital has raised multiple funds, including GRO Fund III, which closed in March 2022 with a total commitment of €600 million, and GRO Generation I, which closed in June 2024 at the hard cap of €150 million. With these funds, GRO Capital's assets under management total approximately €1.2 billion. The firm continues to expand its presence in Northern Europe, with recent developments such as the opening of a London office to further build on relationships with key stakeholders and be part of London's dynamic ecosystem. GRO Capital's approach is characterized by a deep thematic focus on four key areas: unlocking resource efficiency, improving safety in the digital world, creating a sustainable future, and enhancing operational performance. The firm's experienced team of operators supports portfolio companies in building the necessary foundations for sustainable growth, leveraging a proven operational toolbox and detailed benchmarking. This approach enables GRO Capital to partner with high-growth B2B software companies across Northern Europe, providing both majority and minority investments ranging from €10 million to €90 million, and more alongside long-term partners. GRO Capital's commitment to responsible investment is demonstrated by its signing of the Principles for Responsible Investment (PRI) on February 1, 2022. This aligns with the firm's dedication to integrating environmental, social, and governance (ESG) factors into its investment processes, ensuring that its portfolio companies not only achieve financial success but also contribute positively to society and the environment. Overall, GRO Capital's strategic focus, experienced team, and commitment to responsible investment practices position it as a leading private equity firm dedicated to scaling advanced B2B software companies across Northern Europe, driving innovation, and creating long-term value for its investors and portfolio companies.

Investment Focus

• Companies must be mature B2B software or technology-enabled businesses with strong growth prospects.

Portfolio Companies