GP Bullhound Fund VI invests €17+ million in Mentimeter

Founded in 2012 and headquartered in Stockholm, Mentimeter is used by 99% of leading universities and 95% of Fortune 500 companies. It simplifies the process of gathering live feedback and encouraging active participation, helping educators and business professionals achieve better outcomes and increased productivity in meetings, training sessions, and classrooms.

This secondary transaction of €63 million, involved Bure Equity AB (publ) investing €46 million and GP Bullhound contributing €17 million. The primary sellers in the transaction were the investment firm Alfvén & Didrikson. As a result of this transaction, Bure Equity AB (publ) and GP Bullhound Fund VI have become new shareholders in Mentimeter, ranking as the company’s third and sixth largest shareholders, respectively.

The company does not gain any proceeds from this transaction and intends to continue its fast and profitable growth. Its growth strategy includes:

• Continued investment in the platform and product development to outgrow the competition and claim market leadership in new attractive segments and market verticals.
• Accelerating investments in enterprise sales and partnerships.
• Investing in product and brand awareness in key markets.

GP Bullhound’s Partner Joakim Dal commented, “Mentimeter’s innovative approach to solving the gigantic and costly problem of lack of engagement for customers everywhere has truly set them apart. GP Bullhound is proud to partner with a company that continually redefines its market, and we are committed to supporting their ambitious growth trajectory.”

Mentimeter’s CEO Johnny Warström added, “I am very pleased to welcome Bure and GP Bullhound as shareholders in Mentimeter. Alfvén & Didrikson has been an active and supportive shareholder for a long time, and I look forward to a good and long-term collaboration with Bure and GP Bullhound.”

GP Bullhound invested through Fund VI, which also includes late-stage ventures such as LeoLabs, EcoVadis, CoverManager, and Sesame. By strategically investing in the AI-led software revolution, GP Bullhound focuses on the sustained growth of software by backing category leaders in the later stages of venture. The investment was made with the support of the LFF 2 initiative, a cooperation between the Société Nationale de Crédit et d’Investissement (SNCI) and the European Investment Fund (EIF), aimed at supporting the diversification of the Luxembourg economy by enhancing financing provisions to innovative companies.

For inquiries, please contact: 
Joakim Dal, Partner, joakim.dal@gpbullhound.com
Nelly Tranaas, Analyst, at nelly.tranaas@gpbullhound.com
Press inquiries: press@gpbullhound.com