Monterro closes second fund on SEK 1.2bn hard-cap

At SEK 1.2bn of total commitments, Monterro 2 is more than double the size of the GP's first fund, Monterro 1, which raised SEK 560m. As with its first fund, the GP has committed 36% of the fund's capital.

Investors
Since its first fund, Monterro has expanded its investor base, bringing in new LPs alongside its existing backers, according to the GP.

Investments
Monterro 2 will follow the strategy of its predecessor, investing exclusively in Nordic software and software services companies.

The fund's first acquisition was Malmö-based software developer Hypergene, in which Monterro took a 60% stake.

People
Monterro – Thomas Bill (managing partner).

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