Juuri Partners has made a growth capital raise in Kiho, a developer of innovative mobile work software

Helsinki – CFI is pleased to announce that it acted as exclusive financial advisor to Kiho, a pioneer in mobile work technology in its growth capital raise by private equity fund Juuri Partners.

Kiho is a Finnish software company that specializes in developing innovative solutions for field work management. Kihon products help companies improve their efficiency and operational transparency. The company’s revenue in 2022 was 5 million euros, and it employs approximately 40 people in Kuopio, Tampere, and Jyväskylä.

Juuri Partners manages the private equity funds amounting to approximately €200 million, which finance established and profitable small- and medium-sized enterprises in Finland. They have invested in Kiho to support the continued growth of the company. The investment aims to accelerate Kiho’s product development and growth both domestically and internationally. The modular software solution by Kiho currently serves approximately [1500] Finnish companies in industries such as property maintenance, infrastructure construction, and logistics, ranging in size from small businesses to organizations managing thousands of vehicles.

“The market for fleet and field work management solutions is still underdeveloped, and customers do not fully utilize the opportunities offered by digitalization. Kiho offers a seamless and easily integrated solution for mobile workers and equipment. The comprehensive field work software designed by Kiho provides its customers with not only equipment tracking and management but also the ability to significantly direct and streamline their operations. We see Kiho’s solution as unique in the market and want to support the company’s growth both domestically and internationally,” says Hanna Viinikainen, a partner at Juuri Partners.

“We are really excited about the upcoming collaboration. We found a great working spirit with the Juuri Partners team already from the first meeting. During the negotiations, we have created a common strategy with the goal of making Kiho the market leader in the industry. I believe that by putting both the customer value and the satisfaction of people at Kiho at the center, we will succeed in this mission,” commented Lari Tirkkonen, CEO of Kiho.

“Kiho’s mission to improve the efficiency of field work by utilizing technology is impressive. The role of digitalization is growing strongly in field work management as notebooks and Excel sheets are replaced by modern and seamless software and IoT-based solutions. Digital solutions also offer the customers of Kiho a completely different scale of opportunities to utilize data in business management and reporting,” says Eetu Blomqvist, CTO of Juuri Partners.