Danish Colego receives a 15 million investment from Northcap Partners

The Danish startup Colego experiences great growth and has just received 15 million Danish kroner from the venture company Northcap Partners. The money are earmarked to conquer the European market.

On the online portal Colego private persons as well as businesses can obtain tenders on all sorts of tasks, big or small. Regarding their mission Martin Sylvest Lavlund CEO in Colego states

“We regard it our most important task to create contact between the two parts, and this is exactly what our portal can do. It is an easy and straightforward process for both parts,” he says, and continues explaining the fundamental idea behind the concept:

“We want to make it easy to offer a better basis for decision. With us you only need to be one place. We are collaborating with professionals from over 40 industries, and this number will increase steeply within 2015. No one else can do this, and this is why our portal is unique”  

The Northcap investment is to be used for conquering Europe

Cologo started out in Greve in 2012. In 2014 they had 8 employees. Now Colego is placed in Sydhavnen in Copenhagen and has 65 employees. This amounts to an increase of 800% in number of employees within just half a year. According to Colego it is, among other things, the 15 mio. investment from Northcap which has made it possible to expand this fast.

According to Martin Sylvest Lavlund the investment is to be used for increasing the team and expanding to Germany and the rest of the European market in the longer run. Regarding the conquering of Europe, Martin Sylvest Lavlund says:

“We believe that our concept is viable also on the European market. We take off in Germany and spread out the concept further to the rest of Europe.”

The visions led to investment

Rasmus Bjerngaard, partner in Northcap, was one of the investors behind the decision to invest in Colego.

“Colego is a case in point of the type of startup we in Northcap want to invest in: a unique concept which has achieved initial accept from the market and which addresses a great and growing international market,” he explains about the investment

In addition he makes clear that the visionary owner Martin Sylvest Lavlund’s focus on execution has been crucial to the decision.