The tax preparation industry in the Nordics comprises a mix of tech-driven solutions and traditional accounting services. Companies range from established firms providing comprehensive financial consultancy to startups offering specialized apps for user-friendly tax filing. As financial regulation becomes more complex, there's a strong push towards automation and digitalization in tax services. Innovative platforms like Taxfix and Wrebit emerge as popular choices among consumers, signaling a shift in customer expectations. Moving forward, expect continued growth in cloud-based solutions and greater emphasis on user experience, enhancing accessibility for both individuals and businesses.


The investors highlighted in this list showcase a blend of venture capital and private equity expertise, predominantly based in Sweden and Denmark. Founded between 1989 and 2019, their firm sizes vary, with many boasting teams of 11 to 500 employees. In 2024 alone, these investors facilitated 83 investments across the tax preparation sector, illustrating a vibrant funding environment. The combination of their capital, strategic support, and experience contributes to the sector’s transformation and innovation.


Top 17 Tax Preparation Investors in the Nordics


1. 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 that specializes in providing cloud-based accounting, payroll, invoicing, and HR solutions primarily for small and medium businesses, as well as public sector organizations. Visma has a strong presence in Europe and Latin America, operating through a network of entrepreneurial companies that contribute to its innovative software offerings. In recent years, Visma has made significant acquisitions to bolster its capabilities in the tax preparation sector, including the acquisition of Teledec, which specializes in tax filing services in France, and Quaderno, an automatic tax compliance company. These transactions reflect Visma's strategy to enhance its tax-related services and expand its market presence, particularly in the European software market.


2. Creandum

  • Website: creandum.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: creandum

Creandum is a venture capital firm based in Stockholm, Sweden, founded in 2003. They specialize in supporting early-stage entrepreneurs in building global, category-defining companies. With a focus on nurturing companies from seed to IPO, Creandum provides venture capital investment, strategic support, and networking opportunities across various sectors, including fintech and health tech. Notably, Creandum has been actively involved in the tax preparation industry through their investments in Taxfix, a tax returns app. They participated in multiple funding rounds for Taxfix, including a Seed round in 2017, Series A in 2018, Series B in 2019, Series C in 2020, and Series D in 2022, showcasing their commitment to the growth and development of this company. The total investment in Taxfix reflects their strategic interest in the tax preparation space, making them a significant player in this sector.


3. 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 provides loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden, aiming to enhance their growth and competitiveness through tailored financial solutions. Almi has been actively involved in various funding rounds, including notable investments in companies like Wrebit, a mobile accounting software startup that raised significant funding to develop its services in Sweden. Additionally, Almi invested in Wint and CBOT, both of which are also related to financial services. These transactions highlight Almi's commitment to supporting businesses that may contribute to the tax preparation industry, making them a relevant investor in this context.


4. NFT Ventures

  • Website: nftventures.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2014
  • Headcount: 11-50
  • LinkedIn: nft-ventures

NFT Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2014. The firm specializes in the fintech industry, providing strategic support and funding to startups that navigate challenges in funding and market entry. Their portfolio includes a diverse range of fintech companies. Notably, NFT Ventures has invested in Mr Shoebox, a Stockholm-based accounting app, which indicates their involvement in financial technology that could relate to tax preparation. Additionally, they have participated in funding rounds for other fintech companies like Wint and Leasify, further showcasing their commitment to empowering entrepreneurs in the financial sector.


5. 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, with a strong emphasis on creating long-term value and sustainability. In recent years, Nordic Capital has made significant investments in companies that operate within the financial services and regulatory technology sectors. Notably, they acquired BearingPoint RegTech, a leading provider of regulatory reporting software, which is crucial for compliance in tax preparation. Additionally, their investment in Regnology Group, which focuses on regulatory solutions, further highlights their engagement in areas that intersect with tax preparation. Their acquisition of Ascot Lloyd, an independent financial advice firm, also positions them within the financial services landscape, which is relevant to tax preparation. Overall, Nordic Capital's strategic investments reflect a commitment to enhancing operational improvements and growth in sectors that support tax-related services.


6. Founders

  • Website: founders.as
  • Type: Corporate
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: founders

Founders is a corporate investment firm based in Copenhagen, Denmark, founded in 2012. The firm has a focus on innovative startups and has made notable investments in the fintech space. One of their key investments is in Kontist, a Berlin-based company that provides banking and tax services specifically designed for freelancers and small business owners. Founders led a €25 million Series B funding round for Kontist, which aims to enhance its tax services business through advanced technology. Additionally, they participated in earlier funding rounds for Kontist, including a €2 million seed round and a pre-seed round, demonstrating a long-term commitment to supporting the company's growth in the tax preparation domain. Founders also invested in Sibill, a FinOps platform for SMBs, further showcasing their interest in financial operations and services that could intersect with tax preparation.


7. IDC Ventures

  • Website: idcventures.com
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2019
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: idcvc

IDC Ventures is a venture capital firm based in Copenhagen, Denmark, founded in 2019. The firm specializes in fintech and marketplace investments, partnering with family offices and professional investors to provide diversified investment opportunities. IDC Ventures focuses on supporting industry-defining founders and engages in active portfolio management and advisory services, leveraging its extensive network and expertise to drive growth in innovative companies. Notably, IDC Ventures participated in the Series B funding round for Taxfyle, a tax preparation platform that raised $20 million to support its growth in the U.S. market. This investment highlights IDC Ventures' engagement in the tax preparation industry, alongside their involvement in other fintech ventures such as Hastee and Tradeshift, which further demonstrates their broad interest in financial technology.


8. Icebreaker.vc

  • Website: icebreaker.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: icebreaker-vc

Icebreaker.vc is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2016. The firm specializes in providing funding and support to idea-stage technology startups, primarily operating in Finland, Estonia, and Sweden. In 2024, Icebreaker.vc has already made 7 investments. Notably, they have been involved in several transactions relevant to the tax preparation industry, particularly with Aibidia. Aibidia raised €4.2 million in a seed funding round in 2020, aimed at digitalizing international tax, and later secured €13 million in a Series A funding round in 2023, co-led by Icebreaker.vc. These investments highlight Icebreaker.vc's commitment to supporting innovative solutions in the tax preparation space, making them a significant player in this sector.


9. Collector Bank

  • Website: collector.se
  • Type: Venture Capital
  • Headquarters: Gothenburg, Västra Götaland, Sweden
  • Founded year: 1999
  • Headcount: 201-500
  • LinkedIn: collector

Collector Bank, founded in 1999 and based in Gothenburg, Västra Götaland, Sweden, is a venture capital firm that operates primarily in the financial services sector. The bank provides a variety of products such as personal loans, renovation loans, credit cards, and savings accounts, catering to both individual consumers and businesses. Notably, Collector Bank has made strategic investments in fintech companies, including Mr Shoebox, a Stockholm-based accounting app, which aligns with the tax preparation industry. This investment reflects their interest in innovative financial solutions that can enhance accounting and tax-related services. Additionally, they have invested in other fintech startups like Wint and Capcito, further demonstrating their commitment to supporting financial technology advancements.


10. Chalmers Ventures


Chalmers Ventures is a venture builder and tech investor based in Sweden, founded in 2015. They specialize in supporting researchers and entrepreneurs in commercializing deep tech innovations through various programs that provide business guidance, financing, and community networking. Chalmers Ventures emphasizes active ownership and investment in startups to help them scale and succeed in the market. Notably, they have invested in Skattio AB, which raised funds in both 2023 and 2024, indicating a commitment to the tax preparation sector. Additionally, they have previously invested in Bokio, a company that offers accounting and invoicing solutions, further showcasing their interest in financial technology and related services.


11. Centripetal


Centripetal is a private equity investment company based in Stockholm, Sweden, founded in 2020. The firm focuses on accelerating the growth of fast-growing and profitable European companies by providing capital and bridging the gap to strong capital markets. One of their notable transactions includes an investment in Ageras Group, a Copenhagen-based financial services software and accounting marketplace, which raised $34M in funding. This investment aligns with the tax preparation context, as Ageras facilitates accounting services that are essential for tax preparation. The funds raised are intended to expand their marketplace and acquire other fintech software startups, further enhancing their capabilities in the financial services sector.


12. Altor Equity Partners

  • Website: altor.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in providing consulting services across various sectors, including technology and consumer products, with a strong emphasis on enhancing operational efficiency and sustainable growth for its partners. Altor has been active in the investment landscape, with notable transactions such as the acquisition of Rillion, a leading Accounts Payable Automation provider in the Nordics, announced on June 28, 2021. This acquisition aims to position Rillion as a global leader in AP Automation software, which is relevant to tax preparation as it streamlines financial processes that are critical for tax compliance. Additionally, Altor's investment in Ludvig & Co, a company that likely operates in the financial services sector, further demonstrates their engagement in areas that intersect with tax preparation.


13. Juuri Partners

  • Website: juuripartners.com
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn:

Juuri Partners is a private equity firm based in Helsinki, Uusimaa, Finland, founded in 2015. The firm specializes in managing investments in growth-oriented Finnish companies, providing financial support and strategic guidance to help these businesses expand and succeed in their respective markets. Juuri Partners focuses on fostering sustainable growth through partnerships and investment management. Notably, they have invested in UKKO.fi, a provider of paperwork related to billing and payroll for SMEs, which is directly relevant to the tax preparation industry. This investment, announced in September 2019, allows Juuri Partners to hold a 25% stake in UKKO.fi, facilitating the company's expansion and future stock exchange listing. Additionally, they have made investments in other companies like Aico and Nitor, but these do not have a direct connection to tax preparation services.


14. Svea Bank

  • Website: svea.com
  • Type: Venture Capital
  • Headquarters: Solna, Stockholm, Sweden
  • Founded year: 1981
  • Headcount: 501-1000
  • Number of deals in 2024: 1
  • LinkedIn: svea-ekonomi-ab

Svea Bank, founded in 1981 and located in Solna, Stockholm, Sweden, is a venture capital investor and financial services provider. With a workforce of 501-1000 employees, the bank offers a variety of banking solutions, including corporate banking, personal loans, and payment processing services. Svea Bank has been active in the venture capital space, particularly in the financial technology sector. Notably, they have invested in Bokio, a Swedish startup that utilizes AI to simplify bookkeeping. Bokio has raised multiple rounds of funding, including significant investments from Svea Bank, which indicate the bank's commitment to supporting innovative solutions in financial management. This involvement in a bookkeeping startup aligns with the tax preparation industry, as effective bookkeeping is a critical component of tax preparation.


15. Norvestor

  • Website: norvestor.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1989
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: norvestor-equity-as

Norvestor is a private equity firm based in Oslo, Norway, founded in 1989. The firm specializes in investment management and advisory services, focusing on partnering with medium-sized Nordic businesses to support their growth and development. Norvestor emphasizes sustainability and invests across various sectors, including IT services and property maintenance. A notable transaction in their portfolio is the acquisition of Wint, an automated accounting service, which they completed in October 2024. This acquisition aligns with their strategy to enhance operational efficiency and market presence in the financial services sector, particularly in tax preparation and accounting. Wint has shown strong performance with an annual recurring revenue exceeding 140 million SEK and a 25% revenue increase in the first three quarters of 2024, highlighting the potential for growth in the tax preparation space.


16. Sentica

  • Website: sentica.fi
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2004
  • Headcount: 11-50
  • LinkedIn: sentica-partners

Sentica is a private equity firm based in Helsinki, Uusimaa, Finland, founded in 2004. The firm specializes in investment management services, focusing on providing capital and strategic support to businesses seeking growth or restructuring through private equity investments. Notably, Sentica has been involved in significant transactions, including the acquisition of Silta in 2012 and Ropo Capital in 2016. Ropo Capital, in particular, operates in the financial services sector, which may encompass tax preparation services, indicating Sentica's potential interest in this area. Their approach is to support businesses in need of financial management and investment opportunities, which aligns with the broader tax preparation industry.


17. Adelis Equity Partners


Adelis Equity Partners is a private equity firm based in Stockholm, Sweden, founded in 2012. The firm specializes in growing businesses within the Nordic region, offering investment management and strategic consulting services across various sectors, including technology, healthcare, and business services. Notably, Adelis has made significant investments in companies like Ropo Capital, a leading invoicing lifecycle service provider in Finland, which aligns with the financial services sector relevant to tax preparation. Additionally, they acquired Hantverksdata, further demonstrating their active role in sectors that may intersect with tax-related services. Through these transactions, Adelis Equity Partners showcases its commitment to fostering growth in businesses that could impact the tax preparation landscape.



Tax Preparation Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
VismaOslo, Oslo, Norway10001+199616
CreandumStockholm, Stockholm, Sweden11-50200317
AlmiStockholm, Stockholm, Sweden201-50019947
NFT VenturesStockholm, Stockholm, Sweden11-5020140
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
FoundersCopenhagen, Denmark11-5020122
IDC VenturesCopenhagen, Denmark11-5020192
Icebreaker.vcHelsinki, Uusimaa, Finland11-5020167
Collector BankGothenburg, Västra Götaland, Sweden201-50019990
Chalmers VenturesSweden11-50201526
CentripetalStockholm, Stockholm, Sweden1-1020200
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Juuri PartnersHelsinki, Uusimaa, Finland11-5020151
Svea BankSolna, Stockholm, Sweden501-100019811
NorvestorOslo, Oslo, Norway11-5019893
SenticaHelsinki, Uusimaa, Finland11-5020040
Adelis Equity PartnersStockholm, Stockholm, Sweden11-5020123


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