Catenda AS (“Catenda” or the “Company”), a leading provider of open ecosystem collaboration and data exchange software for construction and infrastructure projects, announced that it will partner with GRO to accelerate global commercial scaling and continue to drive a digital and sustainable transformation of the construction industry.
By pioneering the use of open standards, Catenda offers an attractive portfolio of products that addresses the end-to-end construction and building lifecycle.
The Norwegian company’s flagship product serves as a central platform for stakeholder collaboration and communication of project data, primarily in the design and pre-construction phases of construction and infrastructure projects. The platform allows all relevant stakeholders to view and interact with digital twin models; store, edit and update documents and files; and assign tasks and issues, delivering significant time and cost savings.
Sustainable future through digitization
Catenda promotes transparency and data-driven decision-making as core values and is committed to placing open data at the core of construction and building operations – a key enabler to accelerate digitization and help to unlock the path toward a more sustainable future for construction and infrastructure.
Today, the Company has earned the trust of +250 customers, including prominent industry leaders worldwide, empowering them to simplify collaboration and coordination. With GRO becoming majority owner and injecting growth capital, the partnership marks an important new chapter for the Company as it continues to experience substantial business momentum across Europe and in Japan.
Einar Gudmundsson, CEO of Catenda: “The road to a world built in a sustainable way is paved by increasing the availability of transparent data that is radically easier to access and consume. We are building the open infrastructure that will allow everyone to share and collaborate digitally, as we build sustainable buildings and infrastructure together. Unlocking this potential is what we call “the open way”. We are excited for GRO’s significant vote of confidence and know that their expertise in scaling B2B software companies will strengthen our position in the market and benefit our customers globally. GRO’s belief in our vision and team is both an endorsement of what we have accomplished so far and a strong affirmation of the potential ahead. With GRO onboard, we look forward to scaling to new heights and continuing to drive innovation that matters for our society.”
Maxwell Veyhe, Partner at GRO: “Catenda represents an attractive opportunity to make our second investment in Norway and back a company that is driving a sustainable transformation in the construction industry by promoting collaboration, transparency, and data-driven decision-making. We are deeply impressed by the team’s thought leadership and the innovative platform they have built to make the industry more efficient. Aligning perfectly with GRO’s core investment themes of unlocking resource efficiency and creating a sustainable future, Catenda showcases how unleashing the power of software can make life better. We are excited to welcome another global pioneer to the family and join Catenda on its ambitious scaling journey by leveraging GRO’s significant operational and B2B software experience and expertise.”
Spring Capital Polaris, the lead investor in Catenda to date, sells all its shares in this transaction.
About Catenda
Founded as a spin-off from SINTEF in 2009, Catenda has a leading Building Information Management (BIM) & Common Data Environment (CDE) platform that aims to improve collaboration from the construction design phase through to building operations management. By making the construction industry data-driven and transparent through open standards, the Company aims to reduce waste and promote efficient resource usage, thereby making sustainability an integral part of the industry.
At the core of its offering sits Catenda Hub & Site, an open data exchange platform enabling construction and infrastructure stakeholders to effectively and easily manage and collaborate on projects, facilitated by powerful 2D/3D digital twin model viewer. Catenda’s latest offering, Catenda Duo, provides a digital twin operations management solution for the owner, enabling automated and off-site management of the building, reducing time and cost of operations.
The backbone of Catenda consists of a comprehensive collection of software components and APIs, offered as a platform service named Catenda Boost, allowing software vendors to accelerate their offering of BIM and digital workflows for the construction industry.
To learn more, visit catenda.com.
About GRO
GRO is a leading Northern European private equity firm with an exclusive focus on high-quality B2B software companies with strong growth prospects. GRO serves as an active owner developing portfolio companies with a view to create long-term value. GRO has approximately EUR 1bn in AUM and is headquartered in Copenhagen with offices also in London and Oslo.
For more information about GRO please visit www.grocapital.dk and www.linkedin.com/company/gro-capital.
Catenda
Einar Gudmundsson, CEO
GRO
Maxwell Veyhe, Partner
Christopher Ager, Director
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