The organizational development consulting industry in the Nordics focuses on enhancing businesses' effectiveness and efficiency through tailored strategies and solutions. Key players range from large consultancies to innovative startups, delivering services like change management, talent development, and digital transformation. Recent trends show an increasing emphasis on employee well-being and sustainability, reflecting a broader shift towards more holistic approaches. Notable market developments include burgeoning interest in digital tools that facilitate collaboration and decision-making for organizations. This growth signals a transformative phase, characterized by lean operations and a strong push towards improving workplace cultures.

The list features 15 notable investors in the Nordic organizational development consulting sector, including private equity firms, venture capitalists, and corporate players. Predominantly based in Stockholm and Oslo, these investors range from emerging firms to established giants, founded between 1983 and 2012, with varying employee sizes from 11 to over 10,000. Collectively, they executed 69 investments in 2024, indicating robust activity in shaping the consulting landscape. Their strategies demonstrate an interest in enhancing organizational capabilities through acquisitions and direct support for development initiatives.

Top 15 Organizational Development Consulting Investors in the Nordics

1. Almi

• Website: almi.se
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 201-500
• Number of deals in 2024: 7
• LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Among their notable transactions, Almi has invested in Winningtemp, a startup focused on employee and organizational wellness, which raised €3.2 million to further develop its app. This investment highlights Almi's interest in supporting initiatives that contribute to organizational development. Additionally, they have participated in funding rounds for companies like Appliedgroup Nordic, Prifloat, and Schemagi AB, although the specific relevance of these companies to organizational development consulting is less clear. Overall, Almi's investment strategy includes a focus on enhancing business capabilities, which is a key aspect of organizational development.

2. EQT Group

• Website: eqtgroup.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 1001-5000
• Number of deals in 2024: 30
• LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has been active in the consulting space, exemplified by its recent acquisition of Perficient, a digital consultancy firm, for nearly $3 billion in May 2024. This acquisition highlights EQT's commitment to expanding its footprint in the consulting industry, which is closely related to organizational development. Additionally, EQT has made several other acquisitions, such as Iver, Nexon Asia Pacific, and In.Corp Global, which, while not strictly organizational development consulting firms, indicate a broader interest in enhancing service capabilities and operational efficiencies across various sectors.

3. Afry

• Website: afry.com
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1895
• Headcount: 10001+
• Number of deals in 2024: 1
• LinkedIn: afry

AFRY AB is a consulting and engineering firm based in Stockholm, Sweden, founded in 1895. With over 10,000 employees, AFRY provides a diverse range of services, including sustainability consulting, digital solutions, and project management across various industries. Their clients include businesses and organizations looking to improve efficiency and sustainability in their operations. Notably, AFRY has made several strategic acquisitions to enhance its consulting capabilities. For instance, in March 2023, they acquired Blix Consultancy to strengthen their offerings in the global offshore and onshore wind energy market, which reflects their focus on sustainability and project lifecycle management. Additionally, their acquisition of Advansia in 2012 and other firms like Evolve Technology Sweden and ProTAK further demonstrate their commitment to expanding their consulting services, which can encompass organizational development aspects.

4. Visma

• Website: visma.com
• Type: Corporate
• Headquarters: Oslo, Oslo, Norway
• Founded year: 1996
• Headcount: 10001+
• Number of deals in 2024: 16
• LinkedIn: visma

Visma is a corporate investor based in Oslo, Norway, founded in 1996. It is a leading software company specializing in cloud-based accounting, payroll, invoicing, and HR solutions, primarily serving small and medium businesses as well as public sector organizations. With a strong presence in Europe and Latin America, Visma operates through a network of entrepreneurial companies that contribute to its innovative software offerings. In recent years, Visma has made several strategic acquisitions to bolster its capabilities in the HR and organizational development space. Notably, the acquisition of Mandü, a SaaS company focused on Employee Engagement and Performance Management, enhances Visma's HR offerings in Latin America. Additionally, the acquisition of Raet, a Dutch HR provider, and Aditro, further solidifies Visma's position as a leading provider of HR solutions in northern Europe. These transactions reflect Visma's commitment to improving organizational effectiveness and employee engagement, making it a significant player in the organizational development consulting industry.

5. Verdane

• Website: verdane.com
• Type: Private Equity
• Headquarters: Oslo, Oslo, Norway
• Founded year: 1985
• Headcount: 51-200
• Number of deals in 2024: 7
• LinkedIn: verdane-capital

Verdane is a private equity investment firm based in Oslo, Norway, founded in 1985. The firm specializes in growth equity investments in technology-enabled companies, providing capital and hands-on support to help businesses scale. Verdane focuses on trends in digitalization and decarbonization, primarily targeting technology companies looking to enhance their market position and operational efficiency. Notably, Verdane has invested in Auntie Solutions, a Finnish company that offers psychological support to corporate employees, receiving EUR10m in funding to expand its market reach and develop digital solutions. This investment highlights Verdane's engagement in areas that intersect with organizational development, as it aims to improve employee support and well-being within organizations. Additionally, Verdane has been involved in various funding rounds for technology companies, such as Troux Technologies, which, while not directly related to organizational development, showcases their active role in the growth of technology-driven businesses.

6. Bts

• Website: bts.com
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1986
• Headcount: 1001-5000
• Number of deals in 2024: 1
• LinkedIn: bts

Bts is a corporate consulting firm based in Stockholm, Sweden, founded in 1986. With a workforce of 1001-5000 employees, Bts specializes in strategy execution, leadership development, and talent management. They provide tailored solutions to businesses and organizations, helping them enhance performance and adapt to market changes through innovative training and consulting services. Bts has been active in expanding its portfolio through strategic acquisitions, including:1. **AVO Vision**: Acquired in March 2015, AVO Vision is a leading South African company specializing in corporate learning and development, enhancing Bts's presence in the African market.2. **Netmind**: Acquired in September 2021, Netmind is a company based in Barcelona, Spain, focusing on agile and digital transformation solutions, which aligns with Bts's goal of accelerating growth in Spanish-speaking markets.3. **Sounding Board, Inc**: Acquired in March 2025, this acquisition is expected to further strengthen Bts's capabilities in leadership development and coaching.4. **The Advantage Performance Group**: Acquired in September 2006, this acquisition included a significant investment aimed at enhancing Bts's revenue and market presence in the organizational development space.These transactions highlight Bts's commitment to enhancing its consulting services and expanding its influence in the organizational development consulting industry.

7. Knowit

• Website: knowit.eu
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1990
• Headcount: 1001-5000
• LinkedIn: knowit

Knowit is a corporate consulting firm based in Stockholm, Sweden, founded in 1990. With a workforce of 1001-5000 employees, Knowit specializes in digital transformation and IT services, offering a diverse range of solutions including management consulting, software development, cloud services, and cybersecurity. The firm has made several strategic acquisitions to enhance its consulting capabilities. Notably, in June 2022, Knowit acquired the Finnish strategy agency Marketing Clinic, aiming to strengthen its position in management consulting and enhance its offerings in growth and business development strategies. Additionally, Knowit's acquisition of Cybercom Group in May 2021 and Creuna in December 2020 further demonstrates its commitment to expanding its consulting services across various sectors. These transactions reflect Knowit's focus on providing innovative and sustainable solutions to its clients, making it a relevant player in the organizational development consulting space.

8. Nordic Capital

• Website: nordiccapital.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1989
• Headcount: 201-500
• Number of deals in 2024: 10
• LinkedIn: nordic-capital

Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, including healthcare and technology, and has a strong focus on creating long-term value and sustainability in its investments. Nordic Capital partners with management teams to drive growth and operational improvements in portfolio companies. Notable transactions include the acquisition of Conscia, a leading provider of complex security and networking solutions, which highlights their commitment to supporting companies in enhancing their operational capabilities. Additionally, their involvement in various sectors suggests a broad investment strategy that may encompass organizational development consulting, as they seek to improve the performance and growth potential of their portfolio companies.

9. Adelis Equity Partners

• Website: adelisequity.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2012
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn: adelis-equity-partners

Adelis Equity Partners is a private equity firm based in Stockholm, Sweden, founded in 2012. The firm specializes in growing businesses in the Nordic region and offers investment management and strategic consulting services across various sectors, including technology, healthcare, and business services. Notably, Adelis has made significant investments in consulting firms, such as the acquisition of Knightec, a consulting company, in May 2017, which highlights their commitment to the consulting industry. They also acquired Valamis in December 2020, a company that focuses on digital learning and organizational development, further emphasizing their interest in enhancing business capabilities through consulting. These transactions illustrate Adelis's strategic approach to fostering growth in organizations, making them a relevant investor in the organizational development consulting space.

10. Priveq

• Website: priveq.se
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1983
• Headcount: 11-50
• LinkedIn: priveq-investment

Priveq is an investment management and private equity firm based in Stockholm, Sweden, founded in 1983. The firm specializes in providing growth capital to companies across various sectors, with a focus on helping businesses achieve their growth objectives through strategic guidance and financial support. Priveq has invested in over 130 companies, including notable transactions such as Frontit, a consulting firm that raised funds in 2018, and 4C Strategies, which focuses on strategic consulting and raised funds in 2016. Other investments include Ljung & Sjöberg and Omegapoint, both of which may have relevance in the consulting space. Their acquisition of Office Management in 2012 further demonstrates their commitment to supporting companies that enhance operational efficiency and organizational development.

11. Talent Venture Group

• Website: talentventuregroup.com
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: talent-venture-group

Talent Venture Group is a venture capital firm based in Stockholm, Sweden, founded in 2018. The firm specializes in HR and Talent Tech, focusing on early-stage startups that aim to enhance the hiring process and improve employer-employee relationships. Notable transactions include investments in Future Talent Council, Just Tech, and Just Arrived, which are all initiatives that can impact organizational development by addressing talent management and workforce integration. Their investment in Just Arrived, which raised $474,945 in a Seed Round, particularly highlights their commitment to supporting innovative solutions in the HR space. Overall, Talent Venture Group provides expertise and resources to help startups scale, making them a valuable player in the organizational development consulting landscape.

12. Proact IT Group AB

• Website: proact.eu
• Type: Corporate
• Headquarters: Solna, Stockholm, Sweden
• Founded year: 1994
• Headcount: 1001-5000
• LinkedIn: proact

Proact IT Group AB is a corporate investor based in Solna, Stockholm, Sweden, specializing in IT services, particularly in cloud transformation, data management, and cybersecurity solutions. Founded in 1994, Proact operates across multiple countries, providing tailored services to enhance operational efficiency and data security for businesses in various sectors, including healthcare, legal, and insurance. Notably, Proact has made several strategic acquisitions to bolster its market presence and service offerings. In 2025, they acquired BlakYaks, a UK-based consulting company focused on cloud transformation, for an initial consideration of £16 million, which highlights their commitment to enhancing consulting capabilities. Other significant acquisitions include PeopleWare, a Dutch IT managed services provider, and Cetus Solutions, a Manchester-based cloud specialist, both aimed at expanding Proact's operational scope and revenue potential. These transactions reflect Proact's strategy to integrate consulting services that align with organizational development, making them a relevant player in this space.

13. Inventure

• Website: inventure.vc
• Type: Venture Capital
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 2005
• Headcount: 11-50
• Number of deals in 2024: 9
• LinkedIn: inventure

Inventure is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2005. The firm specializes in backing ambitious Nordic and Baltic founders, providing venture capital investment and portfolio management services to early-stage tech startups. Inventure has been actively involved in various funding rounds, including notable investments in companies like Howspace, which raised €12 million in a Series A round to enhance its digital facilitation platform aimed at improving organizational collaboration. Additionally, Inventure participated in a Series B funding round for Scoro, a work management software company that raised $16.4 million to support global expansion and the development of new software versions. These investments highlight Inventure's commitment to supporting companies that facilitate organizational growth and development, making them a relevant player in the organizational development consulting space.

14. Sobro

• Website: sobro.se
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2007
• Headcount: 1001-5000
• LinkedIn: sobro-ab

Sobro is a corporate investment firm based in Stockholm, Sweden, founded in 2007. With a team size of 1001-5000, Sobro provides investment partnerships and business consulting services aimed at supporting strong entrepreneurs and management teams. They focus on fostering a positive corporate culture and facilitating growth across various industries. Sobro operates by investing its own capital, allowing for flexibility in partnerships and support for businesses seeking to realize their visions. Notable transactions include investments in companies like Zington Xperience AB, Candidator AB, and TrueSec, which, while not explicitly labeled as organizational development consulting firms, operate in sectors that may benefit from such consulting services. Their approach to investment suggests a commitment to enhancing organizational effectiveness and culture, making them a potential fit for the organizational development consulting investor category.

15. Addnode Group AB

• Website: addnodegroup.com
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2003
• Headcount: 1001-5000
• Number of deals in 2024: 4
• LinkedIn: addnode-group-ab

Addnode Group AB is a corporate investor based in Stockholm, Sweden, specializing in digital solutions that enhance design management, product lifecycle management, and process management. Founded in 2003, the company operates with a decentralized business model, supporting its subsidiaries in driving organic growth and pursuing strategic acquisitions. Notable transactions include the acquisition of Intrinsys, a leading UK provider of PLM software, which strengthens Addnode's capabilities in process management—an essential component of organizational development. Additionally, the acquisition of Decisive AS, a supplier of decision management systems, further emphasizes their focus on improving organizational processes. These strategic moves position Addnode Group as a significant player in the organizational development consulting space, despite their broader industry focus.

Organizational Development Consulting Insights: Key Investors in the Nordics

Investor	Headquarter	Size	Founded	Deals 2024
Almi	Stockholm, Stockholm, Sweden	201-500	1994	7
EQT Group	Stockholm, Stockholm, Sweden	1001-5000	1994	30
Afry	Stockholm, Stockholm, Sweden	10001+	1895	1
Visma	Oslo, Oslo, Norway	10001+	1996	16
Verdane	Oslo, Oslo, Norway	51-200	1985	7
Bts	Stockholm, Stockholm, Sweden	1001-5000	1986	1
Knowit	Stockholm, Stockholm, Sweden	1001-5000	1990	0
Nordic Capital	Stockholm, Stockholm, Sweden	201-500	1989	10
Adelis Equity Partners	Stockholm, Stockholm, Sweden	11-50	2012	3
Priveq	Stockholm, Stockholm, Sweden	11-50	1983	0
Talent Venture Group	Stockholm, Stockholm, Sweden	11-50	2018	0
Proact IT Group AB	Solna, Stockholm, Sweden	1001-5000	1994	0
Inventure	Helsinki, Uusimaa, Finland	11-50	2005	9
Sobro	Stockholm, Stockholm, Sweden	1001-5000	2007	0
Addnode Group AB	Stockholm, Stockholm, Sweden	1001-5000	2003	4

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