About Monterro
Monterro is a venture capital firm founded in 2012. It is primarily based out of Stockholm, Sweden. As of Dec 2023, Monterro has invested in 7 companies. It primarily invests in Seed round in Sweden based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and EdTech. Most recently it participated in the $***** Seed round of Nimblr Overall, Monterro portfolio has seen 1 IPO and 3 acquisitions including key companies like Tradedoubler, Axiomatics and Palette Software. Almi Invest co-invest with Monterro, sharing a substantial percentage of its portfolio. Monterro has team of 19 people including 10 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
Monterro's List of Top Investments
Monterro has a portfolio of 7 companies. Their most notable investments are in Axiomatics and Palette Software.Their portfolio spans across Sweden and Norway. They have invested in Enterprise Applications, FinTech, EdTech and 3 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Monterro:1. Tradedoubler
Provider of a platform connecting brands with publishers for marketing. The platform facilitates partnerships across digital channels. It offers tools for partner programs, influencer marketing, and lead generation. The platform supports various digital marketing models and industries.
Key facts about Tradedoubler
- Founded Year: 1999
- Location: Stockholm (Sweden)
- Annual Revenue: $1M - $10M as on Dec 31, 2021
- Stage: Public
- Employee Count: 732 as on Jul 31, 2026
- Investors: Trottholmen, Verdane and 2 Others
- Highlight: Public
2. Axiomatics
Axiomatics provides externalized authorization through attribute and policy-based access control for DB, applications and APIs. Products Axiomatics Policy Server and the Axiomatics Data Access Filter deliver dynamic access control. Its DB protection solution for multiple databases (ADAF MD) uses both data access filtering and dynamic data masking to deliver fine-grained and policy-driven database security to control who should get access to what, where, when, why and how down to the cell level within the DB. Technology employs policy based authorization applied on data stores filters based on user permissions. The user permissions are derived from real-time evaluation of policies.
Key facts about Axiomatics
- Founded Year: 2006
- Location: Stockholm (Sweden)
- Stage: Acquired
- Total Funding till date: $6.5M
- Employee Count: 61 as on Jul 31, 2026
- Investors: Monterro, Almi Invest and 2 Others
- Latest Funding Round: Series A, May 07, 2013, $*****
- Highlight: Acquired
3. Lumera
Lumera is a leader in the leader in the field of photonic communications. Develops proprietary polymer materials for a broad range of applications. Has expertise in design and synthesis of polymer materials at the molecular level. The company merged with GigOptix in 2008 and got delisted from Nasdaq.
Key facts about Lumera
- Founded Year: 1996
- Location: Stockholm (Sweden)
- Stage: Late Stage
- Employee Count: 594 as on Jul 31, 2026
- Investors: Washington Research Foundation and Monterro
- Latest Funding Round: Post IPO, Nov 11, 2006, $*****
Provider of software for project management, time tracking, resource planning. The software consolidates project flow from offer to invoice, with project tools. It tracks time, public holidays, and time off to support resource planning. The software plans capacity, schedules resources, and manages project resourcing. It gathers knowledge base in one place, connected to project flow.
Key facts about Milient Software
Provider of AI-powered automation software for accounts payable processes. The software offers features such as invoice capture, matching, approval workflows, and multi-entity management. It also provides analytics, reporting, and payment automation. The software integrates with various enterprise resource planning systems.
Key facts about Palette Software
Monterro's Year-on-Year Investment Trends
Monterro has invested in 35 companies over the last 13 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Nimblr.Monterro's Investments by Stage
Monterro has made 1 investment in Seed stage, 1 investment in Series A stage with an average round size of $6.5M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 1 |
Series A | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Monterro's Investments by Sector
Monterro has a diverse portfolio, with companies operating in the Enterprise Applications, Business Services, Enterprise Infrastructure and FinTech. Notably, it has invested in 6 Enterprise (B2B) companies, 6 Software companies, 6 Tech companies and 1 company focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
Business Services | 1 |
Enterprise Infrastructure | 1 |
FinTech | 1 |
Note: We have considered here, only first round of investments
Monterro's Investments by Geography
Monterro has made most investments in Sweden (3).Monterro's recent investments
Monterro has not made any investment in 2026 so far.Here are the most recent investments by Monterro:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 21, 2023 | Sweden | Seed | 9092 | - | |
Aug 24, 2015 | Sweden | Unattributed | 3384 | - | |
May 07, 2013 | Sweden | Series A | 9949 | [+1] |
IPOs and Publicly Listed companies in Monterro's Portfolio
1 of Monterro's portfolio company became public - Tradedoubler.Here are Monterro's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 6926 |
Acquired companies in Monterro's Portfolio
3 companies from Monterro's portfolio have been acquired. The most recent acquisition was Axiomatics in Jul 2025 by Leonardo for $*****.Here are Monterro's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 09, 2025 | May 07, 2013 | Series A | 1554 | |
Jun 29, 2021 | Aug 24, 2015 | Unattributed | 2797 | |
Dec 01, 2020 | - | - | 5325 |
Team profile of Monterro
Monterro has a team of 19 members including 10 Partners and 4 Principals located in Sweden, Vietnam and 1 more location. Monterro's team sits on the board of 1 company.Here is a list of top team members in Monterro:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Sweden | - | ||
Partner | Stockholm | - | ||
Partner | Stockholm | - | ||
Partner | Stockholm | - | ||
Partner | Stockholm | - | ||
Partner | Stockholm | - | ||
Partner | Stockholm | |||
Partner | Stockholm | |||
Partner | Oslo | - | ||
Partner | Stockholm | - | ||
Principal | Stockholm | - |
Co-investors of Monterro
Over the past 13 years, 2 investors have co-invested in Monterro's portfolio companies. This includes only funds.
- Invested before Monterro: Coach & Capital has invested before Monterro.
- Top Co-investors of Monterro: Almi Invest entered a company along with Monterro.
Recent News related to Monterro
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Monterro acquires a majority stake in Planima for property maintenanceIT Finans•Aug 29, 2025•Monterro, PLANINA
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Monterro Acquires Majority Stake in AG Analytics to Boost European Expansion in Automotive AIOresund Startups•Jan 10, 2024•Monterro, AG Analytics
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Monterro in new big business - sells Next to EQTRealtid•Dec 20, 2023•Monterro, EQT, Adelis Equity Partners, Thoma Bravo and 1 other
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Kirkland Advises Thoma Bravo on Acquisition of Majority Stake in HypergeneLegal Desire•Dec 15, 2023•Thoma Bravo, Monterro, Hypergene
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