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Laxman Pai, Opalesque Asia:

Nordics' largest B2B software investor Monterro has raised more than €1.7 billion ($2bn) across two new funds, in a move that more than doubles its assets under management and reinforces its position as the region's largest B2B software investor.

The Stockholm-based investor closed its fifth flagship fund, Monterro 5 (M5), alongside a smaller-cap vehicle, G2, with a combined €1.725 billion in commitments. The raise brings Monterro's total AUM to €3.1 billion.

The oversubscribed funds, which closed in under four months despite a challenging global fundraising backdrop, attracted backing from 26 new institutional investors across Europe, the Asia-Pacific region, the US, and South America. Monterro itself remains the largest single investor, committing over 10% of the total capital, alongside contributions from about 50 entrepreneurs and executives linked to its portfolio companies.

"This fundraise reflects our position as the leading B2B software investor in the Nordics and the trust our investors place in our model," said co-founder and CIO Lars Sveder. "It's a testament not only to the strong returns we've consistently delivered but also to the long-term vision we bring as hands-on operational investors."

Founded in 2012, Monterro has built its reputation by taking an operationally intensive approach to backing software companies. Most of its 70 staff have direct experience in building or managing technology firms,......................

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