GRO management
About GRO
Together, we unleash the power of software to make life better

Headquartered in Copenhagen, GRO is a leading private equity investor with a deep heritage of investing in high growth technology-enabled businesses. The Firm was established in 2014 by Managing Partner Lars Dybkjær with its seasoned investment team possessing extensive sector-expertise and strong track records of successfully investing in the technology space. Today, GRO continues its focus in this attractive opportunity set and pursues the same proven strategy, providing growth and buyout capital to mature software companies.

The GRO investment strategy focuses on B2B software companies with business-critical products headquartered in Northern Europe. Differentiating their approach to this broad industry, the team have a deep thematic approach and identified four key themes which benefit from fundamental societal challenges:

  • Unlocking resource efficiency
  • Improving safety in the digital world
  • Creating a sustainable future
  • Enabling the digital transformation

Together, GRO has conviction that these themes reflect the next generation of technological innovation and an attractive long-term opportunity set. GRO has a dedicated operational team that continuously learning and building on our in-house developed blueprints and operational toolbox based on our data and unique operational benchmarks from best-in-class software companies, and we share our strong knowledge base inherent to our ‘family’ of software companies through frequent summits and peer-to-peer exchanges.  GRO investment in leadership and the development of high performing executive teams as a foundation for navigating different growth stages ahead.

Together, we unleash the power of software to make life better

Financial Statements
Annual report 2023
Appendix Annual Report 2024
GRO Assets under Management
GRO Fund I  
Vintage year 2015
Committed capital EUR 135 million

Financial Statements
Financial statements 2023-2024
GRO Fund II
Vintage year 2018
Committed capital EUR 255 million

Financial Statements
Financial Statement 2023
GRO CV
Vintage year 2021
Committed capital EUR 45 million

Financial Statements
Financial Statements 2023
GRO Fund III
Vintage year 2022
Committed capital EUR 605 million

Financial Statements
Financial Statement 2023
GRO Generation
Vintage year 2024
Committed capital EUR 153 million

Financial Statements
Coming soon