The pest control industry in the Nordics is characterized by a growing focus on innovative, sustainable solutions. Companies specialize in various services, from traditional extermination methods to advanced digital monitoring and integrated pest management strategies. With a rising awareness of environmental impacts, there's an increasing demand for eco-friendly pest control options. Notably, pests such as bed bugs are driving innovation aimed at enhanced safety and hygiene, particularly in hospitality. As urbanization continues and awareness grows, the industry is expected to see more investment and innovation, positioning itself at the forefront of effective, sustainable solutions.


This investor listing features a mix of corporate and private equity entities, primarily based in Stockholm and Helsinki. Founded between 1866 and 2022, these investors reveal a spectrum of industry maturity, with deal counts in 2024 ranging from 0 to 45. Their sizes vary, catering to various aspects of investment, from large corporate giants like Anticimex Group to nimble venture firms like Maki.vc. Collectively, they illustrate a vibrant landscape actively seeking potential in the pest control sector.


Top 9 Pest Control Investors in the Nordics


1. Anticimex Group


Anticimex Group is a leading pest control company based in Stockholm, Sweden, founded in 1934. The company specializes in innovative pest management solutions, including digital services through its SMART technology, catering to both commercial and residential customers. Anticimex emphasizes sustainability and customer satisfaction in its operations across 21 countries. The company has actively expanded its market presence through strategic acquisitions, including Modern Pest Services in 2017, JP McHale Pest Management in 2019, Corky's Pest Control in 2022, and Pest Off Pte Ltd, Lumiair Pte Ltd, and Ascendia Pte Ltd in December 2022. These acquisitions reflect Anticimex's strategy to strengthen its position in the pest control industry, particularly in the U.S. market, where it aims to enhance its service offerings and operational footprint.


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 founded in 1994, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Based in Stockholm, Sweden, EQT serves institutional investors by managing diverse investment portfolios across various sectors and geographies. Notably, EQT has made significant strides in the pest control industry, acquiring Anticimex AB, a global leader in pest control services, in two separate transactions in 2012 and 2021, with the latter valued at SEK 60 billion. Additionally, EQT Private Equity Asia acquired a majority stake in Guardian, a Chinese pest control operator, in 2022. These strategic investments reflect EQT's focus on long-term growth and impact within the pest control sector, making it a key player in this industry.


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 and guidance. Notably, Almi has been involved in several transactions relevant to the pest control industry, including investments in Nattaro Labs, which specializes in pest control solutions, and Molecular Attraction, which also operates in this space. In 2024, Almi participated in a pre-seed round for Flox, a company that may have applications in pest management. These transactions highlight Almi's active role in supporting innovative pest control ventures, making them a significant player in this sector.


4. Ratos

  • Website: ratos.se
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1866
  • Headcount: 11-50
  • LinkedIn: ratos

Ratos is a private equity investment company based in Stockholm, Sweden, founded in 1866. The firm operates across various sectors, including construction, manufacturing, and consumer goods, with a focus on providing technological and infrastructure solutions that emphasize sustainability and efficiency. A notable transaction in their portfolio is the acquisition of Anticimex AB on December 6, 2005, for approximately $207 million. Anticimex is a prominent player in the pest control industry, which highlights Ratos's engagement in this sector. Through this investment, Ratos aims to create value for its shareholders while addressing the needs of its diverse customer base, including those requiring pest control services.


5. Novo Holdings

  • Website: novoholdings.dk
  • Type: Venture Capital
  • Headquarters: Hellerup, Denmark
  • Founded year: 1999
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: novo-a-s

Novo Holdings A/S is a not-for-profit investment firm based in Hellerup, Denmark, founded in 1999. It manages the assets of the Novo Nordisk Foundation and primarily invests in life science companies at various stages of development. Novo Holdings provides capital and strategic support to enhance healthcare solutions. Notably, they have invested in companies like BioPhero, which raised funds to produce pheromones for pest control in agriculture, and Vestaron, which focuses on biological pest control solutions. These transactions demonstrate Novo Holdings' involvement in the pest control industry, showcasing their interest in innovative agricultural technologies that address pest management challenges.


6. Accent Equity


Accent Equity is a private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in investments in private Nordic companies, focusing on enhancing the value of its portfolio through strategic management and investment. Accent Equity aims to create sustainable growth and superior returns for its clientele across various sectors. Notably, the firm has been involved in significant transactions such as the acquisition of 70% of Corvara Industri & Skadeservice, a Swedish provider of industrial cleaning and damage control services, which indicates a potential interest in sectors related to pest control. Additionally, they acquired Motum in 2013, further diversifying their portfolio. These transactions highlight Accent Equity's capability to invest in companies that may intersect with pest control services, making them a relevant player in this space.


7. 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 made 7 investments, showcasing their active role in the startup ecosystem. Notably, they have been involved in multiple funding rounds for Valpas, a Finnish startup that offers a tech-enabled solution for permanent bedbug safety in hotels and rentals. Valpas has successfully raised seed funding rounds with contributions from Icebreaker.vc, which will be used to expand their bed bug safety standard across hotels and travel agents, indicating Icebreaker.vc's focus on pest control innovations. This involvement highlights Icebreaker.vc's interest in supporting companies that address pest control challenges, particularly in the hospitality sector.


8. Maki.vc

  • Website: maki.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2018
  • Headcount: 1-10
  • Number of deals in 2024: 11
  • LinkedIn: maki-vc

Maki.vc is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2018. The firm specializes in seed-stage investments in deep tech and brand-driven companies, providing funding and support to early-stage startups to help them navigate growth and innovation challenges. Maki.vc operates primarily in the Nordic region but maintains a global investment mandate. Notably, Maki.vc has participated in funding rounds for Valpas, a Finnish startup that has developed a bed bug safety standard aimed at hotels and travel agents. Their involvement in Valpas, which raised €1.6 million and €500K in seed funding, highlights Maki.vc's interest in the pest control sector, particularly in innovative solutions that enhance safety and hygiene in hospitality. This positions Maki.vc as a relevant investor in the pest control industry.


9. Climentum Capital

  • Website: climentum.com
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2022
  • Headcount: 1-10
  • Number of deals in 2024: 4
  • LinkedIn: climentum

Climentum Capital is a venture capital firm based in Copenhagen, Denmark, founded in 2022. The firm specializes in investing in early-stage companies that are champions of decarbonization, providing funding and support for hardware and deep-tech solutions aimed at reducing CO2 emissions. Their portfolio includes a notable investment in Entocycle, a UK-based insect technology company that received a $5 million Series A investment led by Climentum Capital. This funding is intended to help Entocycle expand its black soldier fly (BSF) farms and waste management facilities worldwide, which has implications for pest control through sustainable waste management and biological pest control methods. Climentum Capital primarily targets startups in the climate tech sector, seeking to scale innovative technologies that contribute to environmental sustainability.



Pest Control Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
Anticimex GroupStockholm, Stockholm, Sweden10001+19340
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
AlmiStockholm, Stockholm, Sweden201-50019947
RatosStockholm, Stockholm, Sweden11-5018660
Novo HoldingsHellerup, Denmark51-200199945
Accent EquityStockholm, Stockholm, Sweden11-5019944
Icebreaker.vcHelsinki, Uusimaa, Finland11-5020167
Maki.vcHelsinki, Uusimaa, Finland1-10201811
Climentum CapitalCopenhagen, Denmark1-1020224


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