Ardoq appoints Victor Englesson to its Board along with raising $125m Series D funding led by EQT Growth

– NORWAY, Oslo –  Ardoq, a SaaS company reinventing Enterprise Architecture for today’s digital enterprise, today announced a $125 million Series D funding round led by EQT Growth alongside London-based growth investor One Peak.

Concurrent with the financing, Victor Englesson, Partner within EQT Growth’s Advisory Team, will join the Board of Directors.

Victor Englesson said: “EQT Growth seeks to partner with passionate founders and management teams of innovative tech companies that are supported by the big megatrends in our society and are primed for global success. Ardoq ticks all those boxes: Erik and his team have built Ardoq into one of the world’s top Enterprise Architecture SaaS companies. Today, it is excellently positioned within the cloud-native Enterprise Architecture domain, a fast-growing market that is already over €3 billion in size globally. We’re delighted to be joining Ardoq as its first international institutional investor and look forward to releasing the full potential of Ardoq together with Erik and his team.”

About Ardoq

Ardoq is a SaaS company reinventing Enterprise Architecture for today’s digital enterprise. The company’s dynamic, data-driven EA platform is designed to plan and execute major change initiatives. The tool provides a digital twin of an organization’s people, processes, systems, data, and infrastructure. With Ardoq, CIOs can confidently deliver digital transformations, and IT leaders can make better technology decisions based on real-time information. With Ardoq, EAs can serve as change agents, supporting business and IT collaboration for better outcomes.

Founded in 2013 by Magnulf Pilskog and Erik Bakstad and headquartered in Oslo, Norway, the company has grown to a team of 170 professionals with further offices in Copenhagen, London, and New York. Driven by this passionate and market-leading team, Ardoq is one of the world’s leading vendors of cloud-native Enterprise Architecture software, with a truly global customer base and top-tier clients such as Carlsberg, Condé Nast, and the United States Federal Communications Commission. Ardoq’s software platform is the engine for driving digital business execution, which supports how customers’ business can transform in a world of increasing IT complexity, cloud migration, and the proliferation of applications.

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About EQT Growth

EQT Growth is the growth equity strategy of the purpose-driven global investment organization EQT, which is dedicated to unleashing growth in Europe’s technology champions. The team explores thematic growth opportunities at the point companies are ready to scale, investing in a range of technology and technology-enabled businesses.

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About One Peak

One Peak is a leading growth equity firm investing in technology companies in the scale-up phase. One Peak provides growth capital, operating expertise, and access to its extensive network to exceptional entrepreneurs, to help transform innovative and rapidly growing businesses into lasting, category-defining leaders. In addition to Ardoq, One Peak’s investments include Neo4j, DocPlanner, Spryker Systems, PandaDoc, Keepit, Cymulate, Paysend, HighQ, Quentic, DataGuard, EMnify, Infermedica, and many more.

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