Latest fund size
$2B
Announced
October 10, 2025
Global HQ
Sweden
Members only
Check size
$23M - $230M
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Stage focus
Growth (Series C+)
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Regions of investment
Europe
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Monterro is a leading B2B software investor in the Nordics, recognized for its strong operational approach and consistent track record of returns. The firm is deeply embedded in the Nordic ecosystem, with a team comprised largely of former software operators who bring hands-on expertise to scaling companies. Monterro combines capital with operational support, networking, and long-term vision, aiming to help local software companies grow into international market leaders.
Gustav Lagercrantz - CEO and Portfolio Chair
gustav.lagercrantz@monterro.com
Thomas Bill Revland - Co-Founder and Portfolio Chair
thomas.bill.revland@monterro.com
Peter Larsson - Co-Founder and Portfolio Chair
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Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.
Monterro exclusively targets B2B software companies, with a focus on Nordic-founded businesses looking to expand globally.
Beyond capital, Monterro provides operational expertise, in-house AI support, and access to its Scandinavian Software Park in Vietnam, where 150+ developers work with portfolio companies to boost efficiency and product development.
Members only
What the fund looks for in founders and which sectors it backs.
In October 2025, Monterro launched two new funds, M5 and G2, totaling €1.725 billion.
These funds more than doubled the firm’s assets under management to €3.1 billion, marking Monterro’s most ambitious raise to date.
The funds were oversubscribed, closing in less than four months, with strong participation from both existing and new LPs across Europe, APAC, the US, and South America. Monterro itself contributed over 10% of the capital, and around 50 entrepreneurs and executives from its portfolio also invested.
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Fund size, LPs and track record.
Leadership
The funds are overseen by Monterro’s experienced leadership team, including Lars Sveder (Co-founder & Chief Investment Officer) and Gustav Lagercrantz (CEO), who emphasize Monterro’s role as hands-on operational investors. The team has expanded with 16 new hires and the opening of a new Helsinki office to reinforce regional coverage.
Investment Strategy
Monterro follows a buy-and-build strategy in the B2B software sector, combining organic growth with strategic acquisitions.
The firm leverages its operational team, AI specialists, and community of portfolio leaders to drive growth and innovation.
With the new funds, Monterro aims to back additional Nordic software companies, support expansion through M&A, and help founders scale into international markets.
Notable Investments
Recent highlights include:
Notable Exits
Monterro’s prior funds are consistently ranked among Europe’s best performers, though recent exits were not specified in the announcement.
Other
Monterro distinguishes itself with initiatives such as:
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Leadership, investment strategy, notable investments and exits.
