Happy Holidays from all of us at Viking Venture

Written by Christine Hammeren 20. Dec 2024
The Viking Venture Team

As the year is coming to an end, we want to thank our companies, partners, and investors for an exciting year.

The Business-to-Business (B2B) software market has seen significant growth in 2024, driven by the need to improve productivity, rapid technological advances – particularly in artificial intelligence (AI) – and the shift to cloud-based solutions. Despite economic and political uncertainty, this growth continues.

The holiday season is perfect for reflecting and recharging with families and friends. We wish you all a Merry Christmas and a Happy New Year!

This year’s donation goes to NepaliMed.

Our 2024 highlights

We are happy to report that we have had another eventful year. During 2024, we added two new portfolio companies and received two voluntary recommended offers for Penneo and Heeros. Our portfolio companies have continued to grow and made five add-on acquisitions.

Publicly listed company offers

  • Heeros: Offer at €5.58 per share (52% premium).
  • Penneo: Offer at DKK 16.50 per share (110% premium), representing a Danish stock exchange all-time high premium.

New investments

  • Checkproof provides a user-friendly platform for the construction materials industry.
  • Jamix is a leading system provider for commercial kitchens, helping professional kitchens manage their operations.

Add-on acquisitions

  • Keystone has acquired EduNation and Asia Exchangeexpanding further into the Asia-Pacific region.
  • Grade strengthens its position as the leading Nordic HR-tech player within the public sector with FCG Digital Oy.
  • Leaddesk reinforced its market position in Norway through the acquisition of Telemagic
  • Humly grew its presence in the UK by acquiring London-based supply agency Future Education.

New employees at Viking Venture

Eivind Moseng, Investment Associate

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Header image (from the left): Erik Fjellvær Hagen, Eirik Hjelmeland, Hege Kristine Kvitsand, Andreas Sandbu, Ingvild Farstad, Joar Welde, Christine Hammeren, Rune Nervik, Andreas Loktu, Eivind Bergsmyr and Jostein Vik.