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Eqt Private Equity To Invest In Software Companies Hvd Group And Next

Dec 20, 2023almost 2 years ago
StockholmSoftware Development

Investors

Hvd GroupEqt X FundEqt

Description

EQT is pleased to announce that the EQT X fund (or "EQT Private Equity") has agreed to invest in the Nordic software companies HVD Group (Hantverksdata) and Next (Next One Technology). Both companies serve the tradespeople and construction industry, with HVD Group focused on installation and service professions – such as electricians, plumbers, heating and ventilation firms – while Next is focused on contractors. HVD Group's platform complements that of Next, and the investment therefore paves the way for a further strengthened product offering, which builds on both companies' strong customer satisfaction scores.

Company Information

Company

HVD Group

Location

Stockholm, Stockholm County, Sweden

About

With presence in five countries and over 50 years of history, HVD Group has built industry-leading business solutions for the craft and construction industry.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers