Sandberg Capital has provided EUR 20m growth equity capital to Quantox Technology.

  • Sector TMT
  • Date completed 23.08.1970
  • Client Quantox Technology
  • Country Serbia
  • Investor Sandberg Capital
  • Country Slovakia

Sandberg Capital, a Slovakian based private equity fund, has provided EUR 20m growth equity capital to Quantox Technology, one of the largest regional software development houses with HQ in Belgrade, Serbia. GRUBISIC & Partners Corporate Finance acted as the exclusive financial advisor to the management and shareholders of Quantox Technology in the transaction process.

Information about the Acquirer
Sandberg Capital is Slovakia based private equity fund focused on investing in SMEs across Central and Eastern Europe. With AUM exceeding EUR 340 million, the fund is committed to adding value and providing growth or expansion capital to investee companies for purpose of achieving companies’ long-term objectives, with proven expertise in managing and growing technology platforms.

Information about the Target
Quantox Technology, awarded by EY as Fast Growing Entrepreneur of the year in Serbia for 2021, is one of the largest regional software development houses, serving enterprise clients across Europe, Canada and USA. With headquarters in Belgrade, Serbia, the company employs more than 500 experts operating from 13 development centers in 7 different countries.

Transaction rationale
With EUR 20m investment from Sandberg Capital, Quantox is primed for a significant leap towards accelerating organic development, talent acquisition, and strategic global expansion, primarily enabling Quantox Technology to have a greater presence in European and US markets. Transaction marks the largest growth equity round in Serbia (excluding web3) and one of the largest in Southeastern Europe in 2022.

Invested By

Get Started

Find out how the Globalscope family can help you realise your business dreams.