Neqst
Also known as Neqst Services AB
Stockholm multi-family office of Nordic investor families, founded 2008; takes significant or controlling stakes in profitable Nordic B2B tech, software and IT services firms.
USEFUL FOR Business owners seeking a long-term partner · Co-investors
Identity
- HEADQUARTERS
- Stockholm, Sweden
- FOUNDED
- 2008
- OUTSIDE CAPITAL
- Yes — also manages others' money
Investment approach
- SECTORS
- Software & SaaS
- GEOGRAPHY
- Europe
- STAGES
- Growth
- ROUTES
- Companies (own capital)
- STRATEGIES
- Direct investmentsPrivate equityPublic equities
- TICKET
- SEK 50M–SEK 500M
- INBOUND
- Accepts submissions
Overview
Neqst, founded in 2008 by Erik Fröberg and Jonas Fredriksson, describes itself as a multi-family office made up of Nordic investor families, mostly with technology backgrounds, investing alongside a select group of repeat investors. It makes primary and secondary investments in public and private Nordic B2B technology, software and IT services companies with SEK 50-3,000m revenue, seeking board seats and significant or controlling stakes over 10+ year, evergreen horizons. It reports 16 platform investments, 13 of them active, including System Verification, XLENT, Sinch, Redpill Linpro, Varnish and Netlight.
Investment thesis
Highly selective investments in profitable, growth-stage B2B technology, software and IT services companies in the Nordics; active ownership with board presence and significant or controlling interests, 10+ year horizons and no pre-determined exit deadlines; invests a significant portion of its own capital alongside investors.
Holdings & investments (14)
- ReversecSoftware & SaaS · since 2025 · current, 100% ownership
- UnibapSpace · since 2024 · current, 20% ownership
- Reputation & Trustsince 2023 · current, 43% ownership
- CodeSceneArtificial Intelligence · since 2023 · current, 34% ownership
- NetlightSoftware & SaaS · since 2022 · current, 12% ownership
- CatalystOneSoftware & SaaS · since 2017 · current, 72% ownership
- High EstateReal Estate & PropTech · since 2016 · current, 99% ownership
- Redpill LinproSoftware & SaaS · since 2013 · current, 80% ownership
- Varnish SoftwareSoftware & SaaS · since 2013 · current, 95% ownership
- High-Definition Resources (HDR)Media & Entertainment · since 2012 · exited 2019
- SinchSoftware & SaaS · since 2011 · current, 19% ownership
- XLENTSoftware & SaaS · since 2009 · current, 60% ownership
- CarmentaSoftware & SaaS · since 2009 · current, 59% ownership
- System VerificationSoftware & SaaS · since 2008 · current, 49% ownership
People
- Thomas HeathInvestment Director · source
- Oskar Bonnevier FröbergInvestment Manager · source
- Mhairi NybomInvestor Relations Manager · source
- Erik FröbergCo-Founder & Managing Partner · source
- Jonas FredrikssonCo-Founder & Managing Partner · source
- Tobias EdvardssonPartner & General Counsel · source
- Per LindtorpPartner · source
- Henrik ScharpPartner · source
- Klas SmedbergChief Financial Officer · source
- Caroline LindstrandFinance Director · source
- Wolfgang KrohStrategic Advisor · source
Frequently asked questions
Neqst is a multi family office based in Stockholm, Sweden, founded in 2008.
Neqst invests its own capital into companies. Its stated asset mix includes direct investments, private equity and public equities.
Neqst invests at Growth stage in Software & SaaS.
Neqst's stated ticket size is SEK 50M–SEK 500M.
Key people at Neqst include Erik Fröberg (Co-Founder & Managing Partner), Jonas Fredriksson (Co-Founder & Managing Partner), Tobias Edvardsson (Partner & General Counsel) and Per Lindtorp (Partner).
Neqst's holdings and investments include System Verification, XLENT, Carmenta, Sinch, Redpill Linpro, Varnish Software, High Estate and CatalystOne, among others.
Neqst states that it accepts submissions through its official contact page.
Yes. Neqst manages capital from outside investors.