Visma is a Norwegian cloud software company and Europe’s largest privately-owned software business providing cloud accounting and ERP solutions for small and medium-sized businesses. Its core products are cloud accounting and ERP tools, and the company has expanded through acquisitions such as Legis 365 maker iVISION in November and tax compliance firm Quaderno in September. Visma reported annualised repeatable revenue (ARR) of €2.2 billion at the end of Q3 2023, a 17% increase year‑on‑year, and has achieved 17 consecutive years of revenue and EBITDA growth. The recent transactions broaden the shareholder base and provide substantial capital from both new international investors and continued support from long‑term backers such as Hg. Management and investors described the deal as a vote of confidence that positions Visma to continue its growth trajectory and invest in product innovation. Visma is a Norwegian business-software group that offers accounting, payroll, HR and other business applications to more than one million SME customers across the Nordic, Benelux and Baltic regions. The company has recorded uninterrupted year-over-year growth for the past 20 years. Visma recently completed a secondary share sale that values the business at €16 billion. The new investors will be used to further propel Visma’s expansion across Europe. CEO Merete Hverven attributes the company’s position to its employees’ entrepreneurial mindset and a supportive, knowledgeable investor base. Hg will remain the majority owner following the transaction.

Total raised

$1.1B

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2023