Investment Summary

Viking Venture Invests In Penneo

On August 14, 2023, growth capital firm Viking Venture invested in internet software and services company Penneo

Investment Highlights
  • This is Viking Venture’s 7th transaction in the Internet Software and Services sector.
  • This is Viking Venture’s 6th transaction in Denmark.

Investment Summary

Date 2023-08-14
Target Penneo
Sector Internet Software and Services
Investor(s) Viking Venture
Deal Type Stake Purchase

Target

Penneo

Copenhagen, Denmark
Penneo is a software-as-a-service company that provides an eco-system of automation solutions that digitizes companies' workflows of customers onboarding, signing, and managing documents. It offers software for the audit and accounting industry. Penneo was founded in 2014 and is based in Copenhagen, Denmark.

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Investor(S) 1

Investor

Viking Venture

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 4.0B NOK
Size Middle-Market
Type Sector Focused
DESCRIPTION

Viking Venture is a early to later stage investment firm that looks to invest in fast-growing Scandinavian start-ups. The Firm has a preference for B2B software companies looking to expand operations globally. Viking Venture was formed in 2001 and is headquartered in Trondheim, Norway.


DEAL STATS #
Overall 16 of 18
Sector: Internet Software and Services M&A 7 of 8
Type: Stake Purchase M&A Deals 4 of 4
Country: Denmark M&A 6 of 6
Year: 2023 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Liquid Barcodes

Lysaker, Norway

Liquid Barcodes is the provider of mobile coupons. Liquid Barcodes is based in Lysaker, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-04 Checkproof

Täby, Sweden

Checkproof is a software-as-a-service (SaaS) company that provides a user-friendly platform for the construction materials industry. Checkproof was formed in 2014 and is headquartered in Täby, Sweden.

Buy -