Nordic Secondary Fund

Nordic Secondary Fund, founded in 2018 and based in Copenhagen, Denmark, is a growth equity firm focused on acquiring secondary investments in European scale-ups, particularly those in the Nordic and Baltic regions. The firm specifically targets companies that have successfully completed Series A funding from venture capital or corporate venture sources and demonstrate proven scalable business models with a documented market for their products or services. Nordic Secondary Fund primarily invests in growth-stage technology companies across various sectors, including finance, technology, and healthcare, with a commitment to fostering growth and development in these dynamic markets.

Peter Sandberg

Founding Partner and Managing Director

Past deals in Baltics

Cleveron

Secondary Market in 2023
Cleveron Ltd. is a technology and logistics company based in Viljandi, Estonia, specializing in self-service parcel terminals that facilitate the sending and receiving of postal parcels across Europe. The company designs and manufactures automated parcel delivery systems, which include various types of parcel terminals and software solutions for operational control and monitoring of parcel distribution services. Cleveron aims to enhance the efficiency and convenience of parcel logistics for businesses, particularly in web retailing and mail ordering, by providing innovative technology-based solutions. In addition to its products, the company offers consultation services to assist clients with the implementation and management of their parcel terminal networks, addressing aspects such as financial planning and logistics processes. Founded in 2006 and rebranded from SmartPOST Ltd. in 2010 after its acquisition by Itella Corporation, Cleveron operates as a subsidiary of Posti Group Oyj.

Bob W

Secondary Market in 2022
Bob W is a technology-driven hospitality provider that provides an alternative to hotels and short-stay apartments. Its exceptionally cool apartments cater to the 21st-century traveler who wants it all: the consistent quality of a hotel and the authentic flair and affordability of a short-stay rental. It combines both worlds in sustainably operated properties, which are currently available in Finland and Estonia but are expanding across Europe and beyond. The company was founded in 2018 and is headquartered in Helsinki, Finland.

Sonarworks

Venture Round in 2021
Sonarworks Ltd. is an audio technology company based in Riga, Latvia, founded in 2012. It specializes in software that calibrates sound across various headphones and speakers, enhancing audio experiences for both consumers and professionals. The company's key offerings include Reference 4, which is tailored for studio environments, and True-Fi, designed for everyday listeners. Sonarworks' SoundID technology customizes sound devices to align with individual hearing preferences, improving sound quality and eliminating noise shortcomings. This software is widely used in professional recording studios and is available online as well as through international dealers, bridging the gap between sound creators and listeners.

Mintos

Secondary Market in 2021
Mintos, established in 2014 and headquartered in Riga, Latvia, is Europe's leading investment platform for earning passive income. It operates a peer-to-peer lending marketplace, connecting investors seeking attractive returns with consumers and small businesses in need of affordable loans. With over €600 million in assets under management and more than 500,000 registered users, Mintos enables investors to build diversified portfolios of income-generating assets through both automated and manual investment strategies. The platform offers investments in mortgage loans, personal unsecured loans, car loans, invoices, and small business loans, with investments possible in fractions of loans. Authorized under MiFID, Mintos has earned multiple industry awards since its founding.
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