Companies

Companies

It's not the company you buy, but the business you build

Finding a business where we know we can make a difference is just the beginning. Once we get excited about the opportunities we see, we go all-in to work with a business to unleash its full potential.

Companies

It's not the company you buy, but the business you build

Four sectors with enormous potential

Technology

Business Services & Industrials

Healthcare

Consumer

Companies

See our current companies

Technology

Axcel has been investing in the tech space for more than 20 years. We have a broad sector focus, investing in companies within B2B and consumer software, hosting, managed services, automation, consulting, system integration, high-tech hardware and more.

Responsible Partners:

Christian Bamberger Bro

Lars Cordt

Björn Larsson

Christoffer Müller

Progrits

Sweden - 2023

NTI Group

Denmark - 2022

itm8

Denmark - 2022

BullWall

Denmark - 2022

Init

Denmark - 2022

Technology

Progrits

Sweden - 2023

NTI Group

Denmark - 2022

itm8

Denmark - 2022

BullWall

Denmark - 2022

Init

Denmark - 2022

Business Services & Industrials

Axcel has been investing in the Nordic Business services & Industrials sphere for more than a quarter of a century, and we have a strong track record of consolidating and further commercialising founder- and family-owned businesses.

Responsible Partners:

Christian Schmidt-Jacobsen

Nordic Tyre Group

Sweden - 2025

Accru Partners

Sweden - 2024

Elcor

Denmark - 2023

XPartners

Sweden - 2023

DANX Carousel Group

Denmark - 2022

Business Services & Industrials

Nordic Tyre Group

Sweden - 2025

Accru Partners

Sweden - 2024

Elcor

Denmark - 2023

XPartners

Sweden - 2023

DANX Carousel Group

Denmark - 2022

Healthcare

Axcel is an active investor in healthcare, human as well as animal health. Our team focuses on leading, innovative Nordic healthcare businesses in selected segments with potential for strong growth.

Responsible Partners:

Thomas Blomqvist

Asbjørn Hyldgaard

Oral Care

Sweden - 2022

Vetopia

Denmark - 2021

Divested

2022

European Sperm Bank

Divested

2022

Aidian

Healthcare

Oral Care

Sweden - 2022

Vetopia

Denmark - 2021

Divested

2022

European Sperm Bank

Divested

2022

Aidian

Consumer

Axcel remains committed to investing in high-quality companies with sustainable brands that establish emotional connections with consumers and offer exceptional products.

Responsible Partners:

Lars Cordt

Asbjørn Hyldgaard