Summa Equity Exits Investment in Documaster
Deal News | May 26, 2025 | Summa Equity
Summa Equity has announced its full exit from the Norwegian digital records management company Documaster, selling its stake to software investor Main Capital. Since Summa's investment in 2017 through its Fund I, Documaster's revenue has expanded more than 15-fold, establishing itself as a leading SaaS provider in the Nordic and Dutch markets. The company, founded in 2014, specializes in digitization, compliant document management, and cloud-based archiving, catering especially to public sector and highly regulated private entities. Summa's role was critical in scaling operations, achieving market leadership, and turning profitable in 2024. As Documaster transitions to Main Capital's domain, it aims to continue its trajectory of growth and secure, compliant digital infrastructure development, leveraging Main Capital's expertise in scaling SaaS enterprises. This strategic shift marks another chapter in Documaster's mission to expand in the BeNeLux region while remaining adherent to EU and local regulations.
Sectors
- SaaS (Software as a Service)
- Digital Records Management
- Private Equity
Geography
- Norway – Documaster is a Norwegian company, and its operations and growth are significant within the Norwegian market.
- Netherlands – Documaster has expanded to become a leading SaaS provider in the Dutch market.
- Nordics – The target market for Documaster is the Nordic region, reflecting its expansion and market presence.
- BeNeLux – Documaster is expanding its reach across the BeNeLux region, indicating strategic geographic growth.
Industry
- SaaS (Software as a Service) – Documaster is a leading SaaS provider in digital records management, emphasizing its role in delivering cloud-based solutions.
- Digital Records Management – The article focuses on Documaster, a company specializing in compliant document management and archiving, pertinent to the digital records management sector.
- Private Equity – The transaction highlights the role of Summa Equity, a private equity firm, in investing in and exiting from Documaster.
Financials
- 15x – Documaster's revenue growth since Summa Equity's investment in 2017.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Summa Equity | Selling Company (Vendor) | Company | A private equity firm that invested in Documaster and has now fully exited its investment. |
| Documaster | Target Company | Company | A Norwegian digital records management company specializing in digitization and cloud-based archiving. |
| Main Capital | Bidding Company (Buyer) | Company | A software investor acquiring Documaster to drive its next phase of growth. |
| Norselab | Shareholder | Company | An early investor in Documaster alongside Summa Equity. |