Founded 2017 by Richard Anton & Mikael Johnsson. €172.9m Fund II (Nov 2023); prior $100m Fund I (2021). Dual offices London/Stockholm. Portfolio: Funnel (marketing data), Goodlord (proptech), Gravitee (API mgmt), Apica (observability), SOCRadar (cybersecurity), Moments Lab (video AI), remberg (industrial maintenance), Kodiak Hub (procurement). ~12-15 team members (investors, operators, partners). Backed by British Patient Capital, KfW, Saminvest, Argentum, Pool Re, Coeli.
Investment Focus
Investment Thesis
European B2B SaaS growth equity specialist. Invests €8-60m (typically €10-50m) in Series A/B scaleups w/ proven PMF, targeting sustainable recurring-revenue businesses for European expansion. Focus: marketing data, APIs, cybersecurity, supply chain, AI infrastructure. Avoids hype-driven growth; emphasizes Go-To-Market Fit & capital-efficient scaling. Co-leads w/ strong syndicate partners. Selective, hands-on approach with board seats & operational support.
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