Tag Archives: Software

Eletive Secures Growth Investment from Accel-KKR

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Malmö, SWE & London, UK — November 5, 2025 — Eletive, a provider of employee engagement and performance management software, today announced it has secured a significant growth investment from Accel-KKR, a leading global software investment firm. Terms of the transaction were not disclosed.

This partnership marks a significant milestone in Eletive’s growth journey and positions the company to accelerate its expansion and innovation. With Accel-KKR’s support, Eletive will be well-equipped to further enhance its product offerings, scale operations, and continue delivering exceptional value to customers.

As global employee engagement levels remain low and change management present challenges for organizations worldwide (Gartner), high-performing companies are doubling down on people-centric, performance-driven strategies, achieving 4× the growth of their peers (McKinsey). Eletive is uniquely positioned to help HR leaders turn employee feedback into action and build stronger, more engaged teams.

Marcus Wennmo and Nils Wilhelmsson, Co-Founders of Eletive, commented:

“We were looking for the right strategic partner to support our next phase of growth. Accel-KKR stood out for their cultural alignment, shared values, and deep expertise in software investing and scaling businesses. Building on our strong foundation in analytics, Eletive is investing heavily in AI to deliver predictive insights and personalized recommendations that empower leaders to take smarter, faster actions to strengthen engagement and performance. We’re excited about the opportunities ahead and confident that this partnership will help us take Eletive to the next level.”

Maurice Hernandez, Managing Director at Accel-KKR, added:

“Eletive has built a scalable technology platform that addresses a critical need in today’s workplace: empowering organizations to build stronger, more engaged teams. We’re impressed by the company’s vision, product and leadership, and we’re excited to support the Eletive team as they continue to expand their impact.”

Brodies LLP and MAQS served as legal advisors to Accel-KKR. Kaizen Equity Partners and Snellman served as financial and legal advisors respectively to Eletive.

About Eletive

Eletive is a provider of employee engagement and performance management software that helps organizations build stronger, more engaged teams. Through continuous listening, actionable insights, and AI-powered analytics, Eletive empowers HR leaders and managers to understand their people, drive meaningful change, and improve performance. Headquartered in Malmö, Sweden, Eletive serves organizations across the globe, supporting their mission to create workplaces where people thrive.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with over $23 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs, and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago and London.

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Gimv partners with Quality Guard to establish a leading software platform for food safety compliance across Europe

GIMV

Gimv is pleased to announce a minority investment in Quality Guard, a fast-growing Belgian food tech company that is redefining how businesses in foodservice and food retail manage food safety and compliance.

With more than 5,000 customers in Belgium, the Netherlands, and France, Quality Guard (www.qualityguard.com) offers a leading SaaS platform that fully digitalizes and automates the management of HACCP, food safety, and allergens. The platform supports a wide range of customers — from artisanal fresh food shops to large-scale kitchens — in complying with increasingly stringent regulations and helps to significantly reduce the administrative burden imposed by national food safety authorities.

Quality Guard, founded and led by Wim and Achile Van Gierdegom, has a unique database of validated nutritional and allergen data for raw materials. It integrates with IoT-enabled hardware and offers full-service compliance support, giving foodservice and food retail professionals confidence that regulatory requirements are handled reliably, efficiently and without distraction from their core business.

With Gimv’s support, Quality Guard is set to accelerate its growth. The team will strengthen its commercial operations to drive broader adoption of digital compliance tools, expand in key regions, enhance customer value and pursue strategic acquisitions to consolidate a fragmented market and build a strong European footprint.

Wim and Achile Van Gierdegom, co-CEOs of Quality Guard, declare: “In line with the strong growth of recent years, this partnership is another major step forward for Quality Guard. Together with Gimv, we have developed an even clearer and more concrete growth strategy. Their entrepreneurial spirit, hands-on support, and deep organizational expertise give us the confidence to scale our business, expand across borders and deliver even more value to our customers.”

David De Peuter and Laurens Boriale, Partner and Principal in Gimv’s Consumer team, added: “We are excited to partner with exceptional entrepreneurs like Wim and Achile and to support Quality Guard in this next phase. The company addresses a real challenge for foodservice and food retail operators with an effective solution that brings confidence, efficiency and peace of mind. We share a strong strategic and cultural alignment with the team and see clear potential to grow across core markets. Quality Guard exemplifies the kind of scalable B2B2C business we aim to back through our Consumer investment strategy.”

The Van Gierdegom family will remain the majority shareholder in Quality Guard, while Gimv joins as a strategic minority partner. Financial details of the transaction will not be disclosed.

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Bowmark Capital announces sale of software provider Totalmobile to Five Arrows and DBAG

Bowmark

Bowmark Capital, the mid-market private equity firm, is pleased to announce the sale of Totalmobile, a provider of field service management software, to Five Arrows and funds managed by Deutsche Beteiligungs AG (DBAG). The transaction is subject to regulatory approval.

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Totalmobile provides field service management software solutions to approximately 900 organisations, enabling over 500,000 mobile workers to deliver essential frontline services more efficiently across the public services, healthcare, property, facilities management, telecommunications and infrastructure sectors. The company’s technology enables its customers to increase field-based workforce capacity, reduce costs, deliver better customer service, enhance compliance assurance and improve staff engagement.

Since Bowmark’s investment in 2020, Totalmobile has trebled its revenues and profits, driven by organic growth and the completion of four acquisitions. As a result of continued investment, the company has expanded its product offering to encompass the entire field service management value chain, and has developed Field First, the industry’s only fully integrated, multi-capability, AI-enabled technology platform.

During this period, the company has more than doubled the number of its employees to over 400 and has expanded internationally into the Nordics and Australia.

Tom Keen, partner at Bowmark, commented: “We invested in Totalmobile in 2020 due to its unique position in the field service management sector.  Since then, we have supported the management team to enhance the company’s product offering, invest in leading-edge technology and deliver strong growth both organically and through acquisition. The exceptional quality of Totalmobile’s people, technology and service provision means it is ideally positioned to capitalise on the many opportunities ahead in partnership with Five Arrows and DBAG.”

Sacha Oshry, partner at Five Arrows, added: “Totalmobile has built an impressive platform that delivers measurable impact for customers across the public and private sectors.  We see in the business a rare combination of strong technology, deep vertical expertise, and long-standing entrenched customer relationships. We are thrilled to partner with the management team to build on that success and to support the business in driving continued growth and innovation.”

Phil Race, CEO of Totalmobile, said: “We have a fantastic team at Totalmobile who are passionate about improving the lives of field workers.  We are grateful for Bowmark’s partnership and expertise which has been instrumental in our success so far, and are now excited to be partnering with Five Arrows and DBAG, whose support and capabilities will enable us to accelerate our international expansion, further develop our product and service proposition, and build a unique global field service business.”

Financial terms were not disclosed.

Bowmark was advised by Arma Partners (M&A); Stephenson Harwood (Legal); BCG (Commercial and Technology); and Deloitte (Financial and Tax).

Five Arrows and DBAG were advised by Houlihan Lokey and Jefferies (M&A); Axis Arbor (Debt); Shoosmiths and Hengeler Mueller (Legal); EY-Parthenon and Alvarez & Marsal (Commercial); Deloitte (Technology); FTI Consulting and EY (Financial and Tax).

Totalmobile was advised by Liberty (M&A) and Mishcon de Reya (Legal).

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Accel-KKR Announces Strategic Growth Investment in LeanDNA to Fuel Manufacturing Supply Chain Innovation

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AUSTIN, TX and MENLO PARK, CA – October 29, 2025 – Accel-KKR, a leading technology-focused investment firm, today announced a strategic investment in LeanDNA, a leading provider of supply planning and inventory optimization solutions for discrete manufacturing supply chain leaders. The growth financing will accelerate LeanDNA’s platform innovation and expand its global market reach.

Accel-KKR is a top-performing software investor, with a track record of accelerating growth in enterprise software and tech-enabled companies. Its activity in the supply chain ecosystem is reflected in strategic investments such as HighJump, ToolsGroup, Kaleris, Navis, TrueCommerce, Loftware and JAGGAER — demonstrating Accel-KKR’s commitment to the sector.

Joe Porten, Managing Director at Accel-KKR, commented, “LeanDNA is redefining supply chain execution by tackling the critical shortage-excess inventory challenge for discrete manufacturers, an area long underserved in the technology ecosystem. By optimizing inventory, reducing waste, and unlocking growth opportunities, LeanDNA delivers rapid time-to-value for global enterprises, setting a new standard for operational excellence.”

The announcement follows LeanDNA’s second annual Manufacturing Excellence Summit and the recent launch of the next generation APEX platform by LeanDNA. This comprehensive AI-powered suite enhances any ERP system, transforming supply planning with real time intelligence, collaboration with suppliers, and prescriptive optimization so that manufacturers stay ahead of disruptions with visibility into shortages, excess, and production readiness.

“This partnership with Accel-KKR is a tremendous validation of what this team has already accomplished and what we expect to achieve in the future,” said Andy Ellenthal, CEO of LeanDNA. “AKKR’s deep domain expertise in software investing and supply chain makes them the ideal partner as we continue to scale our solution for global manufacturers seeking resilience and efficiency.”

The investment by Accel-KKR builds upon LeanDNA’s previously raised funding. Existing investors S3 Ventures and Next Coast Ventures will retain stake in the company and remain active Board members.

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About LeanDNA

LeanDNA powers the world’s discrete manufacturing with a single source of truth for factory-first supply planning and inventory optimization.  APEX, the AI-powered expert execution platform by LeanDNA, transforms manufacturing complexity into a competitive advantage through AI-driven supply chain insights, recommendations and actions.  APEX transforms data and expertise into optimized decisions and actionability, enabling supply chain teams to improve on-time delivery and working capital levels by gaining visibility into current and incoming materials, actions based on inventory criticality, real-time collaboration with suppliers, and the ability to track progress toward inventory optimization goals.

Learn more at LeanDNA.com

About Accel-KKR

Accel-KKR is a technology-focused investment firm with over $23 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs, and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago and London.

The views and opinions expressed are those of the speakers and do not necessarily reflect those of AKKR or its affiliates (“AKKR”). AKKR has not v

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Transparity acquires Xpedition, combining two of the UK’s leading Microsoft partners

Bowmark

Bowmark-backed Transparity, a leading Microsoft technology partner, has announced the acquisition of Xpedition, a specialist in Microsoft Dynamics.

 

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The combination brings together more than 350 technical experts, delivering end-to-end capability across all six of Microsoft’s solution designations (Business Applications, Data and AI, Digital and App Innovation, Infrastructure, Security and Modern Work). The acquisition enhances the expertise, resources and capacity of the group, enabling it to better support its clients in driving digital transformation and leveraging new technologies.

Paul Bolt, CEO of Transparity, said: “This is a defining moment for our business, Microsoft and our customers. We are on the cusp of a golden era for Dynamics – modular, agent driven, integrated across the stack with a compelling licensing model to support it. By uniting our strengths, we can help organisations harness the AI-powered future of CRM and ERP, creating a Microsoft powerhouse that can deliver transformation at scale and help businesses unlock the full potential of the Microsoft cloud.”

Dean Carroll, CEO of Xpedition, added: “Joining forces with Transparity accelerates our shared vision to lead in an AI-first world. Together, we will combine our strengths, expand our reach, and continue delivering exceptional outcomes for Microsoft and our customers, while preserving the culture and expertise that make us unique.”

 

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Permira Realises Investment in Nexthink at $3 Billion Valuation

Permira

London, 28 October 2025 – Permira, the global investment firm, today announced the realisation of the Permira Funds’ investment in Nexthink (the “Company”), a category creator and global leader in Digital Employee Experience (DEX) management software. The all-cash transaction values Nexthink at approximately $3 billion, generating a successful outcome for the Permira Funds – Nexthink’s largest shareholder – which originally invested in the Company in 2021 through Permira’s Growth Equity strategy, Permira Growth Opportunities.

Founded in Lausanne, Switzerland, and dual-headquartered in Lausanne and Boston, US, Nexthink provides organizations with a real-time, comprehensive view of technology performance by continuously analysing billions of real-time signals across devices, applications, and networks. The Company’s generative and agentic AI capabilities enable IT teams to anticipate needs, identify and resolve issues proactively, and automate improvements at scale. The result is faster problem resolution, stronger engagement, and a more connected and productive enterprise workforce – across more than 25 million endpoints today.

The Permira Funds first invested in Nexthink in March 2021, partnering with Founder and CEO Pedro Bados and the Company’s leadership team to help accelerate the Company’s mission to redefine the digital workplace. Over the past four years, Nexthink has more than tripled its annual recurring revenue and scaled profitability through a series of core value creation initiatives. The Company completed its transition to a multi-tenant SaaS platform, launched advanced automation and AI capabilities, and further strengthened its market-leading customer retention and satisfaction.

Pierre Pozzo, Technology Partner at Permira, said: “We have had the privilege of partnering with Pedro and the Nexthink team over the past four years as the company has evolved to become the global category leader in DEX, with more than 25 million endpoints. The platform is well positioned to continue its journey of growth at scale and to deliver on its vision to make IT more autonomous and strategic, leveraging Nexthink’s AI engine.”

Pedro Bados, Founder and CEO of Nexthink, commented: “Permira has been an outstanding partner. Their deep technology expertise and global network played a pivotal role in helping us complete our cloud transition, invest in AI automation, and expand internationally. As we enter this next chapter, we’re better positioned than ever to achieve our vision of creating a zero-ticket IT experience for every enterprise.”

Stefan Dziarski, Partner and Head of Permira Growth Opportunities, added: “This is an important transaction for Permira as further validation of our technology expertise, and proof of our ability to deliver growth at scale through both our Buyout and Growth Equity strategies, and on both sides of the Atlantic. The European technology landscape offers an immense opportunity set today, and we look forward to executing on that further following this successful outcome with Nexthink.”

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FieldFlo Secures $35 Million Growth Investment from Mainsail Partners

Mainsail partners

Funding to help accelerate innovation and expansion of FieldFlo’s project and safety management platform for specialty subcontractors

DENVER, Colo., October 24, 2025 – FieldFlo, a leading provider of project and safety management software for specialty subcontractors, announced that it has raised $35 million in growth capital from Mainsail Partners, a growth equity firm investing in vertical SaaS companies. The investment will help FieldFlo accelerate product innovation and continue supporting the operational, safety, and compliance needs of high-risk specialty contractors across North America.

FieldFlo’s cloud-based platform helps subcontractors simplify project management, safety, and compliance workflows. From time tracking and certifications to incident reporting and inventory management, FieldFlo enables companies to digitize mission-critical processes that were previously managed through spreadsheets and paper forms. Its mobile-first design ensures that both field and office teams can operate efficiently while maintaining compliance with OSHA, EPA, and state-level safety requirements.

“Our mission from day one has been simple—to make life easier for subcontractors by eliminating the inefficiencies that slow down projects and increase risk,” said Roni Szigeti, Co-Founder and CEO of FieldFlo. “Coming from the abatement and demolition industry, we know how complex safety and compliance management can be. Partnering with Mainsail, who has deep experience scaling construction and field service platforms, will help us deliver even more value to our customers as we expand our platform.”

FieldFlo serves as both a core system of record and a risk management tool, helping contractors reduce on-site incidents, lower insurance claims, and strengthen underwriting profiles. The platform is praised by users for its intuitive interface, configurability, and industry-specific workflows.

“Specialty subcontractors face growing regulatory, safety, and documentation requirements, yet many still operate without a dedicated system of record,” said Tollie Brown, Principal at Mainsail Partners. “FieldFlo’s purpose-built platform solves these challenges with remarkable usability and depth. We’re excited to partner with Roni, Brittany, and the team as they continue to define this category.”

“This partnership marks an exciting step for FieldFlo,” said Brittany Szigeti, COO of FieldFlo. “With the operational support of Mainsail’s Growth Team and their deep experience in construction technology, we’ll keep doing what we do best — enhancing the field experience, expanding our platform, and growing our talented team to better serve our clients and the industry at large.”

FieldFlo continues to invest heavily in product innovation with several new tools designed to enhance safety and compliance outcomes. The recently launched Safety Academy provides a centralized training and certification platform to help contractors proactively manage worker education and compliance documentation. Meanwhile, FLŌTime, FieldFlo’s enhanced digital timesheet solution, provides compliant labor tracking – offering verifiable proof of on-site activity and compliance with labor standards.

About FieldFlo

FieldFlo is a project and safety management software platform built for specialty subcontractors in high-compliance industries.  Designed by former subcontractors, FieldFlo simplifies project management, compliance tracking, and field reporting with an intuitive, mobile-first platform. By enabling contractors to stay audit-ready and operate more efficiently, FieldFlo helps companies save time, reduce risk, and improve safety performance. For more information, visit www.fieldflo.com.

About Mainsail Partners

Mainsail Partners is a growth equity firm that invests in bootstrapped B2B software companies to help them grow into market leaders. Our team is purpose-built to include experienced investors and software operators who help founders build great teams, develop industry-leading products, design data-driven and scalable infrastructure, harness the power of AI to drive productivity and innovation, and grow market share. Mainsail’s hands-on support and best practices are delivered through a collaborative approach that respects founder-led cultures and helps build on each company’s commitment to its people and customers. With offices in Austin and San Francisco, Mainsail Partners has raised nearly $4 billion in committed capital and partnered with 100+ companies over the last 22+ years. For more information, visit www.mainsailpartners.com.

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4impact capital and Elevator Ventures co-lead round in exnaton to drive energy transition

4Impact

exnaton, a Swiss software company developing an AI-driven intelligence platform for utilities, has raised a Series A round to accelerate its European expansion and to deepen customer partnerships. The round was co-led by 4impact capital and Elevator Ventures, with participation from existing investors True Ventures and Übermorgen Ventures.

The firm’s technology sits at the intersection of digitalization, helping utilities launch smart, data-driven sustainable energy solutions quickly and efficiently. As the energy sector becomes more decentralized, intermittent, and complex, exnaton enables utilities to turn shifting customer expectations, regulatory challenges, and digitalization into growth opportunities, all without costly IT overhauls. The new funding will be used to accelerate international expansion and further develop AI-driven features within its intelligence platform.

Complex data analysis for the energy transition

exnaton’s modular white-label SaaS intelligence platform allows utilities to rapidly create and deploy sustainable energy products—including dynamic tariffs, energy sharing models, and smart EV charging—while seamlessly integrating with existing ERP systems. By leveraging AI, the platform automates complex processes across billing, energy consumption and production data analysis, to reduce operational costs, increase efficiency, and improve customer experience and engagement.

Today, over 50 utilities spread across Europe rely on exnaton’s technology to bring flexibility, transparency, and innovation to the new energy system. This includes clients such as TotalEnergies in Belgium, eprimo and Bayernwerk (E.ON brands) in Germany, as well as Burgenland Energie in Austria — together driving the digital transformation of Europe’s energy sector.

A partnership built on innovation and impact

Founded by Liliane Ableitner, Arne Meeuw, and Anselma Wörner, exnaton combines cutting-edge research from ETH Zürich, the University of St. Gallen, and TUM with deep industry expertise to empower utilities with digital tools for a cleaner, smarter grid.

By joining forces with 4impact capital and Elevator Ventures, exnaton strengthens its capacity to scale its intelligence platform across Europe.

Investors supporting international growth

“AI is transforming the way we manage energy”

Says Anselma Wörner, Co-founder and COO of exnaton.

“With this funding, we will accelerate our go-to-market strategy, enhance our customer-facing operations, and make our software even smarter, from fine‑grained personalized billing to intelligent management of decentralized flexibilities. Our goal is to build user‑friendly products that make investing in renewables so compelling that everyone participates and helps drive the transformation our society urgently needs.”

“exnaton’s platform is a key enabler of the digital energy transition. By combining deep research expertise with strong execution, the team has built technology that empowers utilities to innovate faster, operate more efficiently, and accelerate decarbonization. We are proud to support Liliane, Arne, and Anselma as they scale their impact across Europe.”

says Yasmin Venema, Principal at 4impact capital.

“At Elevator Ventures, we recognize the role of energy communities and prosumers as a key trend shaping the future of the energy sector. We are glad to back a talented team through our investment in exnaton, that will drive innovation in flexible billing solutions for decentralized energy ecosystems. We are sure that their expertise will be essential in supporting the next generation of real-time energy management,”

states Magdalena Chalas, Investment Manager at Elevator Ventures.

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The investment in exnaton benefits from support from Invest-NL and the European Union under the InvestEU Fund.

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From ERP to Best-of-Breed: Heutink adopts nyce.logic WMS

Stg Partners

Heutink International, a leading Dutch supplier for education and childcare, has chosen nyce.logic’s best-of-breed Warehouse Management System to replace its ERP-based solution, aiming for greater flexibility, scalability, and control across its five national sites. The implementation begins in October 2025, with go-live scheduled for January 2027.

“We wanted a dedicated logistics solution, not just a module in a larger system. With nyce.logic WMS, we get flexibility in setup and processes tailored to our needs which allows our teams to work smarter and more efficiently. Heutink sees nyce.logic as a true business partner that will help us achieve our growth ambitions effectively.” says Albert Jagt, director IT & Operations at Heutink.

“More companies are recognizing that ERP modules cannot match the flexibility and control of a best-of-breed WMS. Heutink’s choice confirms this growing industry standard. nyce.logic is proud to support Heutink’s ambitious operations and this is another proof that our flexible and future-ready platform adds the right value to the market.” says Peter Johansson, Head of nyce.logic.

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Lendscape acquires WinFactor, strengthening its US presence

Bowmark

Bowmark-backed Lendscape, a leading technology provider to the secured commercial finance market, has acquired WinFactor, a US-based software company serving the receivables finance and factoring sector.

 

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The strategic acquisition strengthens Lendscape’s US presence – a key growth market for secured finance – and enhances its ability to support finance providers with broader solutions and deeper expertise.

WinFactor’s existing customers will continue to receive the same high-quality service, now supported by Lendscape’s technology and resources.

Tony Davison, Chair of Lendscape said: “This acquisition represents a significant milestone in Lendscape’s growth journey. With WinFactor now part of the business, we are advancing our strategy to expand in key markets and reinforce our position as a global leader.”

Martin Morrin, CEO of Lendscape, said: “With WinFactor now part of Lendscape, we are strengthening our commitment to the US secured finance market. WinFactor has built strong relationships with American factoring businesses, and by combining that with Lendscape’s international vision and leadership, we are creating more opportunities for US finance providers to innovate and grow with confidence.”

Patrick de la Roza, CEO of WinFactor, commented: “This marks an exciting new chapter for WinFactor and our customers. Becoming part of Lendscape allows us to drive more innovation, increase resources, and support our customer base more than ever before.”

Mike Kingham, Founder and Chief Innovation Officer of WinFactor, added: “When we started WinFactor, our goal was to simplify and automate factoring for our customers. With Lendscape, that mission will expand globally – faster and with greater impact.”

 

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