Press release -
Standout Capital invest in digital customer service, partnering with Kundo
Kundo, the Swedish software company with a suite of digital customer service tools, is taking the next step in its growth journey by partnering with Standout Capital. To support the continued product development and international expansion, Standout Capital invests SEK 50 million in Kundo.
Since its inception in 2009, Kundo has been developing digital tools for customer service. Today, the company has grown to approximately 45 employees with offices in both Stockholm and Oslo, with 300 corporate customers such as SVT, Arla, Apoteket and Schenker in the Nordics.
Rasmus Kjellman, CEO of Kundo:
- We are in a great position to continue to meet both existing and new customer’s demand and to scale up our operations. It is the right time to bring in a new professional investor and Standout Capital's expertise and strong portfolio of growth companies within enterprise SaaS is a great fit to support us, says Rasmus Kjellman.
Christine Ahlstrand, Growth Investor at Standout Capital:
- Kundo is an exciting company with a strong team and Standout is looking forward to being an active owner in the next growth phase of the Company. Kundo has demonstrated strong organic growth with a focus on high-quality and user-focused products in a large and fast-growing market driven by digitalisation. Standout strongly believes in Kundo's ability to further accelerate its growth in existing as well as new markets, says Christine Ahlstrand.
Kundo provides modern tools for digital customer service. With our tools, your company gets better opportunity to succeed with customer service digitally, with the expectations of transparency and availability that customers have today. Our vision is that every customer dialogue should create value. At the core of our products and values, we believe that every company has a lot to gain from developing great customer relations. We do not see customer service as a necessary expense, but an investment in marketing. https://kundo.se/
About Standout Capital
Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies. As an active owner, our mission is to partner with outstanding companies to help them grow and succeed. Standout Capital’s investment strategy is to support the digital transformation in business and society. The founders and investment team build on experience in entrepreneurship, investments and finance. The Standout Capital I fund is SEK 1 billion. https://www.standoutcapital.com/
Standout Capital I AB benefits from the support of the European Union under the Equity Facility for Growth established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020)