The real estate appraisal industry in the Nordics provides critical services for evaluating and managing property values. It includes firms specializing in valuation, property management, and technology-driven real estate platforms. Investors in this sector focus on improving market transparency and streamlining processes through innovative solutions. As sustainability becomes a priority, technological advancements are influencing how property assessments are conducted. Companies are increasingly exploring digital tools and data analytics to enhance accuracy and enhance efficiency in appraisals, presenting promising growth prospects for the industry.


The list of investors showcases a mix of venture capital, private equity, and corporate players. They are based in Sweden, Norway, and Denmark, with varying sizes from small firms to large corporations. Established between 1839 and 2021, these investors have participated in numerous deals in 2024, evidencing their active involvement in the market. Some have focused on investing in technology solutions for appraisal processes while others target real estate platforms directly, all aiming to drive innovation and efficiency in the sector.


Top 19 Real Estate Appraisal Investors in the Nordics


1. 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, founded in 1994. Specializing in private equity, infrastructure, real estate, growth equity, and venture capital, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. In recent years, EQT has made notable acquisitions in the real estate sector, including the purchase of idealista, a leading online real estate classifieds platform in Southern Europe, for EUR 1.3 billion, and Casa.it, further solidifying their presence in the real estate market. Additionally, their acquisition of PropertyGuru Group for approximately USD 1.1 billion highlights their strategic focus on property technology and online real estate services, which are integral to the appraisal process. These transactions demonstrate EQT's active engagement in the real estate industry, making them a relevant player in the real estate appraisal space.


2. Schibsted

  • Website: schibsted.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1839
  • Headcount: 5001-10000
  • Number of deals in 2024: 3
  • LinkedIn: schibsted-asa

Schibsted Media Group, founded in 1839 and based in Oslo, Norway, is a corporate investor primarily known for its operations in the digital marketplace sector. The company has transitioned from traditional publishing to focus on empowering users through digital services, particularly in classified ads and second-hand goods. In recent years, Schibsted has made significant strides in the real estate sector, acquiring several key platforms that enhance its market presence. Notable transactions include the acquisition of Habitaclia.com, a leading real estate portal in Spain, which bolstered Schibsted's leadership in the Spanish real estate market. Additionally, the acquisition of HomeQ Technologies AB, a Swedish marketplace for rental apartments, reflects Schibsted's strategy to leverage growth in the real estate marketplace. Furthermore, their acquisition of Oikotie, an online classifieds business in Finland, further solidifies their position in the Nordic real estate market. These strategic investments highlight Schibsted's commitment to the real estate sector and its potential role in real estate appraisal.


3. VNV Global AB

  • Website: vnv.global
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1996
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: vostok-new-ventures-ltd

VNV Global AB is a Stockholm-based venture capital firm founded in 1996, focusing on providing capital and expertise to innovative companies across various sectors, including Mobility and Digital Health. The firm aims to support mission-driven entrepreneurs in developing scalable and sustainable business models, emphasizing long-term profitability and strong market positions. VNV Global has made notable investments in the real estate sector, including Agente Imovel Inteligencia de Busca, a property search intelligence platform, and Zameen.com, a leading property portal in Pakistan. Their investment in Shwe Property, Myanmar’s leading property portal, further highlights their engagement in the real estate technology space. These transactions reflect VNV Global's commitment to supporting platforms that enhance real estate appraisal and transaction processes.


4. Intrum

  • Website: intrum.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1923
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: intrum

Intrum is a corporate investor based in Stockholm, Sweden, founded in 1923. It specializes in credit management services, providing solutions for debt collection, credit optimization, and financial education to both businesses and consumers. Intrum operates across Europe, helping clients achieve financial stability. Notably, Intrum has made significant strides in the real estate sector, including the acquisition of Haya Real Estate, a Spanish asset management platform, for 140 million euros in May 2023. This acquisition is part of Intrum's strategy to enhance its operations in Spain, a key market for the company. Additionally, Intrum's acquisition of Solvia in December 2018 for $273 million further demonstrates its commitment to expanding its footprint in real estate management. These transactions highlight Intrum's involvement in the real estate appraisal industry, making it a relevant player in this space.


5. Chalmers Ventures


Chalmers Ventures is a venture builder and tech investor based in Sweden, founded in 2015. The firm specializes in supporting researchers and entrepreneurs in commercializing deep tech innovations through various programs that provide business guidance, financing, and community networking. With a focus on active ownership and investment in startups, Chalmers Ventures has made 26 investments in 2024 alone. Notably, they have participated in funding rounds for Metry AB, a Swedish energy tech company that has raised significant capital to enhance growth and reduce CO2 emissions in the real estate sector. Their involvement in Metry's funding rounds, including a 14 million SEK investment in 2019 and a 32 MSEK investment in 2021, highlights their engagement in the real estate industry, particularly in areas that intersect with technology and sustainability.


6. 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 to businesses across various sectors, including technology and consumer products, with a strong emphasis on operational efficiency and sustainable growth. Notably, Altor has made significant investments in the real estate sector, including the acquisition of Realia Group Oy in 2016, which is recognized as the largest service provider in real estate management and brokerage services in the Nordic countries. This strategic acquisition highlights Altor's commitment to the real estate industry and its potential involvement in real estate appraisal activities. Additionally, Altor has engaged in various other transactions across different sectors, showcasing their diverse investment portfolio.


7. Marketer


Marketer is a digital marketing agency based in Oslo, Norway, specializing in real estate solutions. Founded in 2016, the company has grown to a size of 11-50 employees and has focused on offering a range of services including marketing automation, digital solutions for developers, and advanced visualization technologies. Their clientele primarily consists of real estate professionals and developers looking to enhance their marketing strategies and improve sales processes. Notably, Marketer has made significant strides in the prop tech sector through strategic acquisitions. In January 2021, they acquired HomeFair for NOK 20 million, which aims to bolster their capabilities in generating automated reports for real estate valuations and market analysis. Additionally, in October 2023, they acquired Moving Digital, a Dutch proptech company specializing in digital marketing solutions for the real estate market, further expanding their international presence and portfolio. These transactions highlight Marketer's commitment to integrating technology with real estate appraisal and valuation processes.


8. 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, particularly in technology-enabled companies, and provides capital and hands-on support to help businesses scale. Verdane's investment strategy is aligned with digitalization and decarbonization trends, primarily targeting technology companies. Notably, Verdane has made significant investments in the real estate sector, including the acquisition of Estate.se, a platform that likely engages in real estate transactions and appraisals. Additionally, their investment in Wunderflats, a platform for temporary furnished housing, further emphasizes their involvement in the real estate market. These transactions highlight Verdane's interest in companies that operate within the real estate appraisal context, making them a relevant player in this industry.


9. Kompas Vc

  • Website: kompas.vc
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2021
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: kompasvc

Kompas Vc is a venture capital firm based in Copenhagen, Denmark, founded in 2021. The firm specializes in funding innovative technologies aimed at decarbonizing and digitally transforming the building and manufacturing industries. They provide essential capital and expertise to startups focused on sustainable materials and climate technology. Notable transactions include their participation in the Series A funding round for Vizcab, a company that offers a SaaS platform for calculating the Life Cycle Assessment (LCA) of construction projects, which is relevant to real estate appraisal. Additionally, they were involved in the Series B funding for Minut, a startup that may have applications in property management and monitoring. Overall, Kompas Vc supports entrepreneurs who are innovating within sectors that intersect with real estate, particularly in sustainability and technology.


10. PropTech Farm

  • Website: proptechfarm.com
  • Type: Venture Capital
  • Headquarters: Gothenburg, Västra Götaland, Sweden
  • Founded year: 2021
  • Headcount: 1-10
  • LinkedIn: proptechfarm

PropTech Farm is a venture capital firm based in Gothenburg, Västra Götaland, Sweden, founded in 2021. The firm specializes in investments in real estate technology, focusing on supporting startups in the PropTech sector. PropTech Farm aims to drive innovation and sustainability in the real estate industry, particularly in the Nordics and Southeast Asia. Notable transactions include a $2 million investment in Lazudi, a Thai proptech firm that simplifies the home buying and selling process, and investments in Propstreet and Pigello, which raised $574,326 and $474,720 respectively. These investments reflect PropTech Farm's commitment to enhancing technology in real estate, which is closely related to appraisal processes.


11. 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 specializes in providing 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. Notably, Visma has made strategic acquisitions to enhance its software capabilities, including the acquisition of Agenteq Solutions Oy in June 2018, which develops Tampuuri property management software. This acquisition aims to bolster Visma's offerings in real estate management software, indicating its involvement in the real estate sector. Additionally, Visma's acquisition of P8 Software, a GovTech specialist, further demonstrates its commitment to enhancing software solutions for various sectors, including real estate management for government organizations.


12. Heartcore Capital

  • Website: heartcore.com
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: heartcorecapital

Heartcore Capital is a venture capital firm based in Copenhagen, Denmark, founded in 2007. The firm specializes in investing in early-stage technology companies and focuses on building long-term relationships with entrepreneurs. In 2024, Heartcore has already made 17 investments, showcasing their active role in the venture capital landscape. Notably, Heartcore participated in funding rounds for Zefir, a real estate startup that raised significant capital in both Series A and Series B rounds. Zefir's mission to streamline the home-selling process aligns with trends in real estate appraisal, as it directly impacts property transactions. This involvement highlights Heartcore's interest in the real estate sector, making them a relevant player in the context of real estate appraisal.


13. Byggfakta Group


Byggfakta Group is a corporate investor based in Ljusdal, Gavleborg, Sweden, founded in 2001. The company operates as a construction technology provider, offering data-driven insights and software solutions aimed at enhancing efficiency and sustainability in the construction industry. Their services include eTendering, Market Intelligence, and Project Information, primarily targeting architects, contractors, and suppliers. In recent years, Byggfakta has made significant acquisitions to strengthen its position in the market. Notably, they acquired Glenigan for £72.9 million, marking their entry into the UK market and expanding their offerings in the construction and real estate sectors. Additionally, they acquired Construction Information Services (CIS), a leading construction intelligence provider in Ireland, further enhancing their presence in the Irish market. These strategic moves position Byggfakta Group as a key player in providing insights and analytics relevant to real estate appraisal.


14. Vitec Software Group

  • Website: vitecsoftware.com
  • Type: Corporate
  • Headquarters: Sweden
  • Founded year: 1985
  • Headcount: 1001-5000
  • Number of deals in 2024: 5
  • LinkedIn: vitec

Vitec Software Group is a corporate investor based in Sweden, founded in 1985, with a workforce of 1001-5000 employees. The company specializes in developing standardized software solutions across various industries, including healthcare, education, and notably, real estate. Vitec operates with a decentralized structure, allowing its business units to maintain independence while benefiting from shared resources. In recent years, Vitec has made several strategic acquisitions to enhance its offerings in the real estate sector. Notably, they acquired Plania AS, a Norwegian software company specializing in real estate administration, which underscores their commitment to this industry. Additionally, their acquisition of Vabi, a Dutch software company, further expands their capabilities in real estate software solutions. These transactions highlight Vitec's focus on providing essential software that ensures efficiency and reliability in real estate operations, including appraisal processes.


15. Spiltan Invest

  • Website: spiltan.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1986
  • Headcount: 11-50
  • LinkedIn: spiltan

Spiltan Invest is a Stockholm-based venture capital firm founded in 1986, specializing in long-term investments across various sectors, including technology, finance, real estate, and industry. With a team size of 11-50, they focus on providing capital and strategic support to entrepreneurs and businesses, emphasizing sustainable value creation over time. Notably, Spiltan Invest has participated in significant transactions within the real estate sector, such as their investment in Aktivbo, a SAAS developer for real estate management, which raised SEK 10 million to enhance technological development and international expansion. Additionally, they invested in Realforce, a company that aims to simplify marketing for the real estate industry, securing SEK 50 million in funding. These investments highlight Spiltan Invest's active role in supporting growth within the real estate appraisal and management sectors.


16. Lifeline Ventures


Lifeline Ventures is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2009. The firm specializes in early-stage investments, providing financial backing and advisory services to resilient entrepreneurs across various sectors. In 2024, Lifeline Ventures has made 14 investments, showcasing their active role in the startup ecosystem. Notably, they have invested in Blok, a Helsinki-based company that secured $2M to enhance its AI-based real estate virtual retailer service, indicating a focus on innovative solutions within the real estate sector. Additionally, their investment in Metroc, which raised €2M to develop a market data platform, further highlights their engagement with real estate analytics and technology. These transactions reflect Lifeline Ventures' commitment to supporting ventures that intersect with the real estate appraisal industry.


17. Industrifonden

  • Website: industrifonden.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1979
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: industrifonden

Industrifonden is a venture capital fund based in Stockholm, Sweden, founded in 1979. The firm specializes in investing in early-stage companies, particularly in the fields of Deep Tech, Life Science, and Transformative Tech. They provide financial support and strategic guidance to startups, helping them scale their innovative solutions. Notably, Industrifonden has invested in several companies relevant to the real estate sector, including Adfenix, a Swedish real-estate technology specialist that raised $6 million to enhance its cloud-based customer services for real estate agencies. Additionally, they participated in a funding round for Realforce, which focuses on simplifying marketing for the real estate industry. These transactions highlight Industrifonden's engagement with the real estate market, particularly in technology that supports real estate operations and marketing.


18. Ferd AS

  • Website: ferd.no
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1998
  • Headcount: 51-200
  • LinkedIn: ferd-as

Ferd AS is a private equity investment company based in Oslo, Norway, founded in 1998. The firm focuses on creating lasting value through various business activities, including investment management, real estate development, and support for social entrepreneurs. Ferd AS has been involved in significant transactions in the real estate sector, such as the acquisition of Norkart on March 18, 2021, which may enhance their capabilities in real estate appraisal through improved geographic information systems. Additionally, their acquisition of Mestergruppen AS on April 11, 2011, further solidifies their presence in the real estate development space. Ferd AS also engages in initiatives that promote social entrepreneurship, showcasing their commitment to impactful investments.


19. Samhällsbyggnadsbolaget i Norden AB


Samhällsbyggnadsbolaget i Norden AB (SBB) is a corporate investor based in Stockholm, Sweden, founded in 2016. The company specializes in the management and development of residential and community properties, focusing on providing social infrastructure. SBB partners with municipalities and government agencies to ensure sustainable housing and community services, emphasizing long-term property management and development. Notable transactions include the acquisition of 70% of Unobo, a rent-regulated residential company, for SEK 2,064 million, which owns over 5,368 apartments. Additionally, SBB acquired approximately 46.27% of Amasten Fastighets AB for SEK 4,813.89 million, and 54.3% of Offentliga Hus i Norden AB for SEK 2,139.34 million. These acquisitions reflect SBB's commitment to expanding its portfolio in the residential sector, making it a significant player in the real estate market.



Real Estate Appraisal Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
SchibstedOslo, Oslo, Norway5001-1000018393
VNV Global ABStockholm, Stockholm, Sweden1-1019961
IntrumStockholm, Stockholm, Sweden10001+19232
Chalmers VenturesSweden11-50201526
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
MarketerOslo, Oslo, Norway11-5020160
VerdaneOslo, Oslo, Norway51-20019857
Kompas VcCopenhagen, Denmark11-5020217
PropTech FarmGothenburg, Västra Götaland, Sweden1-1020210
VismaOslo, Oslo, Norway10001+199616
Heartcore CapitalCopenhagen, Denmark11-50200717
Byggfakta GroupLjusdal, Gavleborg, Sweden1001-500020010
Vitec Software GroupSweden1001-500019855
Spiltan InvestStockholm, Stockholm, Sweden11-5019860
Lifeline VenturesHelsinki, Uusimaa, Finland1-10200914
IndustrifondenStockholm, Stockholm, Sweden11-5019799
Ferd ASOslo, Oslo, Norway51-20019980
Samhällsbyggnadsbolaget i Norden ABStockholm, Stockholm, Sweden201-50020160


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