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About Proventus
Proventus is a family office founded in 1969. It is primarily based out of Stockholm, Sweden. As of Jul 2026, Proventus has invested in 43 companies. It primarily invests in Conventional Debt round in United Kingdom based companies. Its investments are spread across a wide range of sectors from Enterprise Applications, High Tech. Its latest investment was a $89.5M Conventional Debt round in Better Energy on Apr 25, 2019.
Overall, Proventus portfolio has seen 5 IPOs and 22 acquisitions including key companies like Meltwater, Better Energy and WebEngage. A lot of funds co-invest with Proventus, with names like Ashim Mehra sharing a substantial percentage of its portfolio.
Proventus has a team of 13 people including 9 partners.
Proventus' List of Top Investments
Proventus has a portfolio of 43 companies. Their most notable investmentis in Orchid Orthopedic SolutionsTheir portfolio spans across Sweden, Germany, United Kingdom and 6 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 17 other sectors, across stages such as Conventional Debt, PE and 4 more. Here is the list of top investments by Proventus:1. Meltwater
Cloud based suite of marketing solutions. It is an online intelligence platform that offers social media monitoring, tracking, and analytics for businesses. It offers media, social, and consumer trends datasets to analyze and generate insights. The platform offers social listening tool to capture brand mention and understand customers through social data. Features include social media management, analytics, influencer marketing, and more.
Key facts about Meltwater
- Founded Year: 2001
- Location: San Francisco (United States)
- Stage: Acquired
- Employee Count: 2,585 as on May 31, 2026
- Investors: Serengeti Asset Management, Founder Partners and 7 Others
- Latest Funding Round: Post IPO, Dec 18, 2023, $*****
- Highlight: Acquired
Better Energy develops, owns, builds, finances and operates large-scale solar power plants. Services include power purchase agreements, engineering, procurement, construction, asset management, maintenance and others. Claims to have developed over 164MW of solar projects. Also involved in community solar projects.
Key facts about Better Energy
3. WebEngage
Provider of a platform for customer engagement and retention solutions. The platform offers customer data management, analytics, and campaign orchestration. It includes features for personalization, segmentation, and omnichannel engagement. The platform supports various channels, including email, SMS, and push notifications.
Key facts about WebEngage
- Founded Year: 2011
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $32.7M
- Employee Count: 331 as on Aug 31, 2025
- Investors: BlackSoil, Singularity AMC and 43 Others
- Latest Funding Round: Series B, Jun 22, 2022, $*****
- Highlight: Editors' Pick
4. CityFibre
Operator of a wholesale full fibre broadband network. This business manages a fibre infrastructure that provides high speed connectivity services to homes and businesses. The company builds and maintains the underlying network architecture, enabling various service providers to deliver broadband packages to end users.
Key facts about CityFibre
- Founded Year: 2011
- Location: London (United Kingdom)
- Stage: Acquired
- Employee Count: 1,712 as on May 31, 2026
- Investors: Herald Investment Management, Deutsche Bank and 11 Others
- Latest Funding Round: Post IPO, Jul 14, 2025, $*****
- Highlight: Acquired
Chains providing access to fitness equipment and exercise class opportunities. They offer options for individual workouts and group fitness activities. Memberships provide access to facilities and various fitness resources. The gyms supply equipment for strength training and cardiovascular exercise. Personal training services are available for those seeking individualized guidance.
Key facts about The Gym Group
- Founded Year: 2009
- Location: Guildford (United Kingdom)
- Stage: Public
- Employee Count: 2,291 as on May 31, 2026
- Investors: Connection Capital, Proventus and 3 Others
- Latest Funding Round: Conventional Debt, Jun 26, 2016, $*****
- Highlight: Public
Proventus' Year-on-Year Investment Trends
Proventus has invested in 44 companies over the last 16 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Better Energy and most recent follow-on round was in Gaelectric.Proventus' Investments by Stage
Proventus has made 33 investments in Conventional Debt stage with an average round size of $52.9M, 1 investment in PE stage with an average round size of $174M and 1 investment in Seed stage with an average round size of $109K.Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 33 |
PE | 1 |
Seed | 1 |
Series A | 1 |
Series C | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Proventus' Investments by Sector
Proventus has a diverse portfolio, with companies operating in the Healthcare, Consumer Goods, Food and Agriculture, Energy and Enterprise Applications. Notably, it has invested in 19 Consumer (B2C) companies, 15 Enterprise (B2B) companies, 6 Tech companies and at least 2 companies focusing on Marketplace.Sector | No. of Investments |
|---|---|
Healthcare | 8 |
Consumer Goods | 3 |
Food and Agriculture | 3 |
Energy | 2 |
Enterprise Applications | 2 |
Others | 20 |
Note: We have considered here, only first round of investments
Proventus' Investments by Geography
Proventus has made most investments in United Kingdom (9), followed by Ireland where it has made 7 investments.Country | No. of Investments |
|---|---|
United Kingdom | 9 |
Ireland | 7 |
Sweden | 7 |
Germany | 6 |
Norway | 3 |
Others | 6 |
Note: We have considered here, only first round of investments
Proventus' recent investments
Proventus has not made any investment in 2026 so far.Here are the most recent investments by Proventus:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 25, 2019 | Denmark | Conventional Debt | 6570 | - | |
Oct 2018 | Germany | Conventional Debt | 8225 | - | |
Jul 2018 | United Kingdom | Conventional Debt | 1137 | - | |
May 14, 2018 | United Kingdom | Series C | 1078 | - | |
Mar 2018 | United Kingdom | Conventional Debt | 2314 | - |
IPOs and Publicly Listed companies in Proventus' Portfolio
5 of Proventus' portfolio companies have become public. NOBA Bank Group got listed on the Stockholm Stock Exchange (STO), in Sep 2025 at marketcap of undefined and Scandinavian Biogas got listed on the Frankfurt Stock Exchange (FRA) at marketcap of undefined.Here are Proventus' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2025 | 2010 | Conventional Debt | 7608 | |
Dec 18, 2020 | Oct 11, 2012 | Conventional Debt | 2063 | |
Jul 19, 2018 | Aug 27, 2014 | Conventional Debt | 5435 | |
Nov 09, 2015 | Jun 26, 2016 | Conventional Debt | 8627 | |
Feb 17, 2006 | 2012 | Conventional Debt | 4251 |
Acquired companies in Proventus' Portfolio
22 companies from Proventus' portfolio have been acquired. The most recent acquisition was Widere in Jul 2023 by Norwegian Air Shuttle for $*****.Here are Proventus' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 06, 2023 | Jun 04, 2013 | Conventional Debt | 6458 | |
Jan 18, 2023 | Aug 27, 2014 | Conventional Debt | 8277 | |
Dec 02, 2021 | Aug 2015 | Conventional Debt | 9923 | |
Jun 21, 2021 | Sep 12, 2013 | Conventional Debt | 5365 | |
Jun 08, 2021 | Mar 29, 2015 | Conventional Debt | 9958 |
Team profile of Proventus
Proventus has a team of 13 members including 9 Partners and 1 Principal located in Sweden and United Kingdom. Proventus' team does not sit on the board of any company as of now.Here is a list of top team members in Proventus:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | Stockholm | - | ||
Partner | London | - | - | |
Partner | Stockholm | - | - | |
Partner | Stockholm | - | - | |
Partner | Stock | - | - | |
Partner | Stockholm | - | - | |
Partner | Stockholm | - | ||
Partner | - | - | ||
Principal | Stockholm | - | - |
Co-investors of Proventus
Over the past 16 years, 84 investors have co-invested in Proventus's portfolio companies. This includes funds and angels.
- Invested before Proventus: PCP, Phoenix Equity Partners and 8 others have invested in rounds before Proventus. There is 1 company where PCP has invested before Proventus and 1 company where Phoenix Equity Partners has invested before Proventus.
- Top Co-investors of Proventus: 12 investors entered a company along with Proventus. These include investors like Ashim Mehra (1 company).
- Invested after Proventus: A total of 62 investors have invested in Proventus's portfolio after their investments. Top Investors include Europa (3 companies) and Deutsche Bank (2 companies).
Recent News related to Proventus
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Proventus Capital IV AB’s $60 Million Debt Financing of The Ovzon-3 Satellite To Ovzon ABGlobal Legal Chronicle•Apr 05, 2021•Hannes Snellman, Proventus, Ovzon
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STRAX AB Secures MEUR 30 Financing Through Proventus Capital PartnersPR Newswire•Jul 17, 2020•Strax, Proventus
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Alleged breach of loan covenants - Company announcement No 13/2019GlobeNewswire•Aug 24, 2019•Santa Fe Group, Proventus
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Gaelectric completes €65 million funding round for onGaelectric•Jul 27, 2015•Gaelectric, Norddeutsche Landesbank, Proventus
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