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Announced

Completed

EQT led a $125m Series D round in Ardoq.

Financials

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Transaction Value£94m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Norway

Acquisition

Single Bidder

digital transformation

Minority

Private Equity

Completed

Digital Services

Venture Capital

Private

Friendly

Synopsis

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EQT, an investment organization, led a $125m Series D round in Ardoq, a SaaS company reinventing enterprise architecture for digital enterprises. “Thanks to the fantastic work of our team and our dynamic, data-driven Enterprise Architecture platform, in 2021 we continued our trajectory of 80% year-on-year ARR growth. Now we are in the perfect position to supercharge our global expansion in 2022 and beyond. We will expand the team, continue to invest in our technology platform, and double-down on commercial excellence, all whilst continuing to support the digital business execution of organizations and enterprises all across the world," Erik Bakstad, Ardoq Co-Founder and CEO.

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