Mercell

The largest public tendering and bidding platform for European buyers and suppliers - Powered by AI.

Founded
1999
First Investment
2018
Software category
Public procurement and tender management
Geography
Global
Headquartered
Oslo, Norway 🇳🇴
Status
Recap

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The largest public tendering and bidding platform for European buyers and suppliers - Powered by AI.

Mercell is a European company offering a digital platform for public procurement and tendering. It connects public sector buyers with suppliers, streamlining the tendering process and ensuring compliance.

For buyers, Mercell provides automated workflows, supplier management, and tender monitoring. For suppliers, the platform offers tools to discover, bid on, and win contracts more efficiently. Market intelligence and other insights support both sides in navigating the procurement landscape more effectively.

Growth journey from investment

ARR Growth from 2018 to 2022 in MNOK

10

X

%

+

Enterprise Value from 2018 to 2022 in MNOK

27

X

%

+

Enterprise Value in MNOK at exit in 2022

4800

X

%

+

Value Creation Initiatives

Growth Strategy

Clear strategy to become the nr. 1 in all Nordic markets.

Recruitment

Built complete management team by hiring management roles within Product, Tech, HR, Sales and Marketing and Finance.

Sales & Customer Success

Built scalable sales processes with specialized roles, taking Mercell's ARR growth from 9% at investment to a CAGR of 102% at year end 2021.

Acquisitions & Integrations

Acquired 12 companies in 5 different countries to expand geographically and expanding the product portfolio.

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"Viking stands out through their unique combination of subject-matter strength, hands-on operational experience, and genuine human connection. They’re not just an active owner, they’re a partner who stands alongside you in the work and contributes where it truly matters."