Growth
Partnering with entrepreneurs to build category-leading companies
We invest in established Nordic growth companies with strong entrepreneurial drive and high growth ambitions.
Typical target company
5 – 100 MEUR
Established company with a turnover of €5–100 million
Typical investment size
5 – 20 MEUR
We can be the sole investor or work together with other co-investors on larger investments.
Our investments
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 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 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 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 provides software based service assurance, validation and testing for
mobile network services – from legacy to 5G.
Cloud2
Cloud2 is a Finnish company focused on developing and managing multi-cloud
environments.
environments.
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.
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 is a Finnish leader in high-quality personal assistance
service.
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 |
Selection of success stories
Latest updates
CapMan Growth’s portfolio company Unikie received the Internationalisation Award of the President of the Republic – already the second CapMan Growth company receiving the award
CapMan Growth invests in rapidly growing SaaS company Groweo
CapMan Growth together with the consortium announces a public tender offer for all the shares in Innofactor Plc
CapMan Growth appoints Timo Larjomaa as Senior Advisor
CapMan Growth’s third fund reached its hard cap size of €130 million
CapMan Growth invests in environmental technology company Tana
CapMan Growth establishes its third fund: first closing at €110 million, surpassing target size
