The Swedish B2B software investor Moneterro has acquired a majority stake in the Danish software business UNIwise.
UNIwise specialises in edtech, software for educational institutions, and is behind the cloud-based platform WISEflow. Currently, the platform is used by approx. 1 million students at more than 100 educational institutions during exams, group work and entrance examinations, among other things.
UNIwise was founded in 2012 by Rasmus Blok and Steffen Skovfoged. The business has 60 employees across offices in Denmark, Germany, Norway and Great Britain.
Monterro invests in and develops nordic B2B software businesses, with a mission to make the businesses market leaders within their niches. Monterro has offices in Stockholm, Oslo and Munich and has raised more than EUR 1.3 billion since 2012.
With Monterro as its new partner, UNIwise hopes to accelerate product development of WISEflow as well as its international growth.
Accura advised Monterro in connection with the transaction.