Viking Growth Exits Tamigo to Accel-KKR
March 24, 2026
March 24, 2026
Viking Growth has exited its investment in Tamigo, a European workforce management software provider, as Accel-KKR acquires a significant stake in the company.
The transaction marks the end of Viking Growth’s ownership period, during which the firm supported Tamigo’s expansion and operational development across Europe.
Viking Growth originally invested in Tamigo in 2019 to accelerate growth and strengthen the company’s position as a leading workforce management platform for retail and hospitality businesses. Over the course of its ownership, the business scaled significantly, driven entirely by organic growth.
Jakob Toftgaard, CEO of Tamigo and Eivind Bergsmyr, Partner at Viking Growth and Chair of the Board at Tamigo.
With this investment, Tamigo joins Accel-KKR’s growing Nordic HR software group alongside 4Human and Eletive. The formation of the group reflects Accel-KKR’s strategy of building category-leading HR software platforms through long-term investment, operational expertise, and targeted acquisitions.
“We’re thrilled to join forces with Accel-KKR,” said Jakob Toftgaard CEO and founder of Tamigo.
“We sought a partner that shares our vision and values, and Accel-KKR stood out for its strong cultural fit and impressive track record in scaling SaaS companies of our size. Their expertise and resources will help further strengthen our expansion while we continue to innovate our platform. This partnership is a testament to the hard work of our team, and it ensures we can keep delivering the best-in-class workforce management solutions to our customers.”
Founded in 2006 by CEO Jakob Toftgaard, Tamigo was established to simplify workforce management for retail and hospitality businesses. Today, the platform spans more industries and integrates employee scheduling, time and attendance, HR administration, financial simulation and communication into one unified solution, transforming how businesses manage and engage their teams.
Tamigo employs more than 100 people and serves over 400,000 users across 1,500 companies in over 20 countries. Its customer base includes brands such as Salomon, Shiseido, Pestana and McDonald's.
“With the additions of 4Human, Eletive, and now Tamigo, we are building a leading Nordic-based HCM software group,” said Maurice Hernandez, Managing Director at Accel-KKR. “Tamigo’s strong product offering, European presence, loyal customer base, and experienced management team make it a natural fit within our strategy of investing in scalable, mission-critical software businesses.”
“During our ownership, we have tripled the business, professionalized the organization, and integrated franchise operations in Norway, the Netherlands, and Spain. We are happy to join forces with Accel-KKR for the future development of Tamigo,” said Eivind Bergsmyr, Partner at Viking Growth and Chair of the Board at Tamigo.
“Growth has been entirely organic, and with a strong platform in place, we believe this is the right time for a transition in ownership. Accel-KKR is well positioned to take the company forward, supported by a strategic HR initiative designed to ensure successful integration across multiple businesses.”
Financial terms of the transaction were not disclosed.
Tamigo provides a workforce management solution across Europe to leading international brands as well as to single locations, primarily withing the retail and hospitality industries. Its cloud-based platform simplifies operations, automates payroll processes, ensures compliance and facilitates collaboration to enable customers to focus on their core business. By providing unique insights Tamigo empowers customers to become truly proactive in how they allocate and manage their workforce. Tamigo has headquarters in Copenhagen, Denmark, subsidiaries in Netherlands, Norway, Spain, and Slovenia and franchise offices in Portugal, Finland and Czechia.
Viking Growth is the leading software investor specializing in scaling Nordic B2B software companies. With 25 years of experience, Viking Growth focuses on helping innovative software companies achieve international growth. Based in Trondheim, Norway, Viking Growth partners with ambitious software companies by providing capital, strategic expertise, and operational support to accelerate their journey. Viking Growth currently maintains an active portfolio of 19 companies across the Nordics with NOK 4 billion in ARR.
Accel-KKR is a technology-focused investment firm with over $23 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalisations, divisional carve-outs, and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in London, Atlanta and Chicago.
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