Growth

Partnering with entrepreneurs to build category-leading companies

We invest in established Nordic growth companies with strong entrepreneurial drive and high growth ambitions.

5 – 100 MEUR

Established company with a turnover of €5–100 million

5 – 20 MEUR

We can be the sole investor or work together with other co-investors on larger investments.

Our investments

Groweo
Groweo

Groweo, founded in 2022, provides a comprehensive suite of interactive tools for
enhancing digital sales, marketing, and customer service on websites. Their
advanced solutions are designed to improve customer experience and boost
engagement with offered services. Tailored for entrepreneurs and small…
Innofactor
Innofactor

Innofactor is the leading driver of the modern digital organization in the
Nordic Countries for its about 1,000 customers in commercial and public sector.
Innofactor has the widest solution offering and leading know-how in the
Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and…
Tana
Tana

Tana Oy is a Finnish environmental technology company founded in 1971. Tana is
one of the leading developers and suppliers of mobile equipment for solid waste
management thanks to its scalable business model and global distributor network.
The product family includes shredders, screens, landfill compactors and digital…
Silmäasema
Silmäasema

Silmäasema is the largest eye health and optical retail operator in Finland. We
see the whole picture, from meeting and treating our patients to Finnish eye
health as a whole. Silmäasema’s over one thousand experts in eye health,
treat close to a million clients a year. Silmäasema has nearly 150 optical…
Emblasoft
Emblasoft

Emblasoft provides software based service assurance, validation and testing for
mobile network services – from legacy to 5G.
Cloud2
Cloud2
Cloud2 is a Finnish company focused on developing and managing multi-cloud
environments.
Fennoa
Fennoa
Fennoa is a Finnish company founded in 2014 that develops and sells cloud based
financial administration software for accounting firms and their customers. Over
500 accounting firms already use Fennoa and tens of thousands of companies and
communities around Finland utilise their services through them.
Suomen Avustajapalvelut
Suomen Avustajapalvelut
Suomen Avustajapalvelut is a Finnish leader in high-quality personal assistance
service.

“We evaluated numerous options, but CapMan was a clear choice. They understood the industry and our mission very well, and they had the best plan to maximize the potential of our company and brand.”

Douglas Castro, Founder – Neural DSP

Our Funds

Fund Year Raised Status
CapMan Growth III Fund 2024 130 m€ Actively investing
CapMan Growth II Fund 2020 €97m Value creation & exit
CapMan Growth Equity Fund 2017 2017 €86m Generating carried interest

CapMan Growth III Fund

Year: 2024

Raised: 130 m€

Status: Actively investing

CapMan Growth II Fund

Year: 2020

Raised: €97m

Status: Value creation & exit

CapMan Growth Equity Fund 2017

Year: 2017

Raised: €86m

Status: Generating carried interest

Selection of success stories