Viking Venture, the Nordic SaaS Investor, has invested in the Mercell. Mercell, a Norwegian software company established in 1999, is a market leader in the Nordics and Baltics providing software for electronic submission of public tenders as well as tender alerts to suppliers. Mercell is headquartered in Oslo, Norway with offices in seven countries. Viking Venture holds approximately 30% of Mercell after the investment.
The company is enabling digitization and increased efficiency to the purchasing process for both purchasers and suppliers involving traceable and secure electronic communication throughout the process. In Norway alone public tendering processes reaches a yearly volume of more than 50 billion Euros.
– We consider this an important milestone for Mercell and a confirmation that we have built a company with a solid base for further growth. Currently, we have a leading position in the Nordic market and will continue to strengthen it, while expanding to other parts of Europe. We consider bringing Viking Venture on board as a major advantage with respect to the experience and expertise they bring from helping companies achieve international growth and success. We regard this as positive for our customers and our clear goal is to continue to provide services that result in measurable value and competitive advantage for those companies that use our services, says Terje Wibe, CEO of Mercell Group.
Mercell is the leading e-tendering platform provider in the Nordic and Baltic region, simplifying the public procurement process and making it easy for buyers to interact with suppliers. With northern Europe as primary market, the company is represented in 7 countries and with head office in Oslo, Norway. Mercell offer suppliers in all industries a tender system to find tender information from public sector, and buyers the tools to conduct effective procurements in accordance with EU regulations. About 20.000 suppliers and buyers across Northern Europe use the system on a daily basis.
– We are impressed by the team and the results they have created, and are happy to become an investor in the company, says Joar Welde, partner in Viking Venture and newly elected chairman of the board of Mercell.
Mercell is a Viking Venture 16 company.