When investing your own money, as opposed to
other peoples’ money, the difference is commitment.


The leading independent supplier of a new type of identity and access management solution called Attribute Based Access Control (ABAC). Traditional IT-security solutions provide access based merely on ‘who’ is trying to access data. Axiomatics’ solution provides a much more fine-grained access based on, for instance, ‘what’, ‘where’, ‘when’, ‘how’ and ‘why’. Axiomatics’ latest product Axiomatics Database Access Filter (ADAF) provides a new revolutionary way of accessing data from databases based on policies. The company is headquartered in Stockholm, with employees in several countries, and a North American subsidiary in Utah, USA.
(40 employees)

Investment year: 2013 Segment: Next generation IT-Security Fund: Monterro 1 


Lundalogik is a Customer Relationship Management (CRM) provider for primarily small to medium sized companies in the Nordic region. The company is headquartered in Lund, Sweden, and with offices in Stockholm, Gothenburg, Oslo and Helsinki. Lundalogik offers three products: Lime CRM for mid-sized clients, Lime Easy for small business and Lime Go, a prospectus tool for small business.
(120 employees)

Investment year: 2014 Segment: CRM Fund: Monterro 1


Mashie offers a time-saving management system for complete dietary planning for industrial kitchens and food producers. The company is headquartered in Malmö, Sweden, with offices in Helsingborg and Stockholm. Mashie currently has around 10 000 users in 160 organizations, across 115 municipalities.

Investment year: 2015 Segment: SaaS Software Fund: Monterro 1


Grade provides complete e-Learning solutions in form of the training platform LUVIT LMS, authoring systems and a variety of consulting services, such as development of customized e-learning courses. The company is headquartered in Lund, Sweden, with an additional office in Stockholm. Grade is one of the most well-known and established e-learning companies in the Nordic region, with around 80 client accounts.

Investment year: 2015 Segment: e-Learning Solutions Fund: Monterro 1


Palette is a leading provider of software solutions to streamline financial processes for enterprise purchase-to-pay. The core product suite, PaletteArena, gives customers complete visibility and control of the P2P process by linking purchases, invoices and contracts. Palette is headquartered in Stockholm, Sweden, with offices in Malmö, Östersund, Helsinki, Boston, Copenhagen and Odense. Palette is the leading player in the Nordic region and has a growing network of business partners in Europe, North America, Australia and Asia. Today, Palette has over 1 800 customers in more than 50 countries.

Investment year: 2015 Segment: Purchase-to-pay Fund: Monterro 1


Hypergene provides a web-based planning, monitoring and analysis product. With their help, organizations can more effectively work towards defined goals and achieve a new, higher level of performance. The key is a product consisting of three interacting and user-friendly modules: Performance Management, Budgeting & Forecasting and Monitoring & Analysis. Hypergene has around 100 employees and is headquartered in Malmö, Sweden, with offices in Stockholm, Gothenburg, Skövde and Kalmar.

Investment year: 2016 Segment: Performance Management Software Fund: Monterro 2


Outpost24 develops and provides Vulnerability Management technology and services that simplify the complex security needs of modern businesses. Since 2001, Outpost24 has been pioneering customizable systems and solutions that meet the needs for vulnerability management for small companies to large enterprises through scalable, easy to use solutions. The company has 102 employees and is headquartered in Karlskrona, Sweden, with eight additional offices across Europe and the US, as well as +90 resellers worldwide. Outpost24 secures clients spanning most verticals and business sectors. Today, over 2 000 commercial and government clients in more than 40 countries trust Outpost24 to protect their internal and external networks.

Investment year: 2016 Segment: IT-Security Fund: Monterro 2


Itello was founded in 2003 with the idea of providing a common standard solution for the life and pension industry. Fifteen years later, Itello is a market leading provider of business systems and digital solutions in the Nordic life and pension industry. Itello offers long-term solutions that enable automation and digitalization of business processes as well as innovative business development. The company has 129 employees and is headquartered in Stockholm, Sweden. Several of the major life and pension providers in Sweden trust their policy administration to Inca, Itello’s main product, that administers and manages pensions, savings and insurances.

Investment year: 2017 Segment: Fintech Fund: Monterro 2