Nordic-focused LP firm and B2B software investor Monterro successfully recharged its fifth fund vintage cash flow, earning €150 million in its latest vehicle G1.
G1 is wholly funded by existing Monterro LP with a 24% GP contribution and typically backs small caps in established B2B software but has room to invest in early stage rounds.
Montero’s previous fund, M4, closed in November for €700 million. He still has 80% investment left.
The first SaaS fund, M1, has an exit from Matilda FoodTech, a sustainable food software startup based in Malmö. M2 has matched the feat by exiting Swedish cyber risk startup Outpost 24.
Monterro has partners in important growth regions outside of Scandinavia. Launched in Munich in 2021, it supports portfolio companies targeting European growth. His SaaS startup looking to expand into Asia might be interested in having a presence at his Scandinavia Software Park in Vietnam. These locations are in addition to Montero’s two Nordic branches in Stockholm and Oslo.
Montero Co-Founder and Managing Director Thomas Bill Revland said: Transform small-cap and early-stage businesses.
“We are delighted to have received strong support from our existing investors in G1 and to have secured commitment from our team and the entrepreneurs of our portfolio companies, reflecting our long-term partnership culture.”
