We help Nordic software companies at scale. That's all we do.

We typically invest in Nordic B2B software companies with revenues or contracted annual recurring revenue of 2-15 million euros. We like companies with significant international growth potential that can document historical growth.

Experience

Established in 2001, we began our journey as a classic broad venture capital firm. Over time, we have evolved into the leading business-to-business (B2B) software investor in the Nordics. Our expertise? Helping Nordic growth-stage B2B SaaS companies scale. That’s all we do.

At Viking Growth, we have much experience in turning low single-digit growth into high double-digit growth by implementing our playbooks and utilizing our operational excellence team.

How much do they invest?

Viking Growth have 4.4 billion EUR under management.

How do they work?

As a minority investor, we are used to cooperating with founders, shareholders, and the management team to help our portfolio companies succeed. We cannot tell anyone what they need to do, so we work together and agree on everything we’d like to do together. We are there as one part of a bigger team to make things happen. Our hands-on approach helps our companies getting it right in order to succeed in their home market and internationally.

This makes a difference to them

Viking Growth takes an active approach to their investments. As an active minority investor, we aim to provide an outside perspective through mentoring, guiding and coaching to help you succeed.

Key People

Erik Hagen – Co-founder and Managing Partner Erik holds an MSc in Computer Science from the Norwegian Institute of Technology and has an MBA from INSEAD, France. He has a background from McKinsey & Company, Netcom, Schibsted Nett and Scandinavia Online. He also chairs the board of Nordic Venture Network.

Jostein Vik – Co-founder and Partner Jostein holds an MSc in Business from the Norwegian Business School. Jostein has a background from business development and M&A in Carlsberg Breweries, Lilleborg, Orkla Media and Orkla ASA. He is currently on the board of directors on the Norwegian Venture Capital Association.

Nordic software companies they funded

Signicat, EcoOnline, Mercell, Ørn Software, House of Control, Penneo.

Currently 19 B2B SaaS companies in the portfolio.