Neqst

Neqst

Neqst was established in 2008 by Erik Fröberg and Jonas Fredriksson, both of whom had prior operational and investment experience in technology companies across Europe and the United States. The firm was created to address a perceived gap in the Nordic market for investors who combined hands-on company-building experience with long-term capital. Its investors are described as sector-knowledgeable entrepreneurs who accept extended holding periods. Neqst targets growth-stage companies with revenue between SEK 50 million and SEK 3 billion, focusing on software, IT services, telecommunications, and software-enabled services. Investments take the form of primary and secondary capital with an emphasis on achieving significant ownership and board seats. Confirmed positions include board roles at Permobil AB, Mölnlycke Health Care AB, Sinch AB, Netlight AB, and XLENT AB. The firm has executed co-investments alongside Sixth AP Fund (AP6) and Columbia University Endowment through holding vehicles. Activity remains concentrated in Europe, with the large majority of capital allocated inside the Nordic countries. The team comprises fifteen professionals based in Stockholm. Additional vehicles include the NeQST and Unitary Foundation structures. In 2024 Oskar Bonnevier Fröberg joined the firm after serving as CEO of Abios, which was acquired by Kambi Group. Neqst has also placed principals on the boards of InArea Group AB and Ernströmgruppen AB. Neqst’s structure differs from typical fund vehicles because it deploys permanent capital from a limited number of long-term investors rather than raising successive funds with fixed terms. This removes pressure for exits tied to fund lifecycles and allows participation in complex or extended transactions that other investors decline.