Neptune Software raises €7.5M from Standout Capital to fuel international growth.

Norway Sweden Investments 20 June 2018
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Neptune Software, an Oslo, Norway-headquartered software company providing a low-code development platform for SAP systems, announced securing €7.5M ($8.8M) in capital investment.

The money comes from Swedish private equity firm Standout Capital, which will become a major shareholder in the company.

Neptune Software, founded in 2011 by CEO Andreas Sulejewski, Njaal Stabell and Ole-Andre Haugen, developed a software as a service platfrom that helps organisations design and deploy applications for their SAP systems. The company employs 30 people with HQ in Oslo and sales offices in Germany and the US, works with more than 400 customers worldwide and has more than 1.4 million licensed users.

Neptune is profitable with revenue over €5M in 2017. Prior to this capital investment, Neptune raised about $2.5M in venture money, with Lars Allstädt as one of the main backer.