Tech /
Palette Software

2020 turnover

EUR 20M

No. of employees

~120

Acquisition date

July 2021

Fund

Fund V

Palette Software is an Accounts Payable automation (AP Automation) software company offering procure-to-pay and digital invoice processing solutions for the SME and mid-market segments. The company, which has 120 employees and is headquartered in Stockholm, has more than 1,500 customers predominantly in Sweden and Finland.

Why we believe in Palette Sofware:

  • The AP Automation market is fundamentally attractive with 10-20% long-term growth p.a. and significant white space left to grow within globally
  • Palette Software is a leading player in the market with a differentiated product offering, diversified customer base, and strong track record of international growth
  • Clear roadmap to accelerate investments in growing Palette Software into one of the leading AP automation software providers globally

Team

Mats Ferm

CEO

Investment Advisory Team

Petter Samlin

Mattias Holmström

Gustav Axelson

Oscar Michelsson