Progrits AB
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Progrits AB - overview
Established
2011
Location
Gothenburg, -, Sweden
Primary Industry
Software
About
Based in Gothenburg, Sweden, and founded in 2011, Progrits AB operates as a software development company that develops and delivers mission-critical software and information services for various industries. In 2011, Eterna Invest formed Progrits AB by acquiring Bilvision. As of 2023, the company is led by its CEO Björn Ekström. It is having 4900 customers in 20 countries.
The company develops software for various verticals and offers information services within business to business. The firm offers services and software solutions for transport and logistics, vehicle digital solutions, and integrated e-commerce. It offers services for strategy and target management, sales and marketing, product offering, talent management, and administrative services.
Current Investors
Eterna Invest
Primary Industry
Software
Sub Industries
Customer Relationship Management, Logistics Software, Information Services
Website
www.progrits.com
Verticals
Cloud Computing, E-commerce
Total Amount Raised
Subscriber access only
Progrits AB - timeline of key events
Progrits AB - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 16,300,000 | 13,973,000 | 12,381,000 | 19,628,837 | - | - | - |
| % Revenue Growth (YoY) | - | (14.3%) | (11.4%) | 58.5% | - | - | - |
| EBITDA (USD) | 11,634,737 | 5,818,239 | 1,000,478 | 3,164,808 | - | - | - |
| Operating Income (USD) | 11,634,737 | 5,818,239 | 1,000,478 | 3,164,808 | - | - | - |
| Operating Margin | 71.4% | 41.6% | 8.1% | 16.1% | - | - | - |
| % EBITDA Margin | 71.4% | 41.6% | 8.1% | 16.1% | - | - | - |
| NET Income (USD) | 14,301,690 | 1,680,865 | (41,484,819) | 2,823,793 | - | - | - |
| % Net Margin | 87.7% | 12.0% | (335.1%) | 14.4% | - | - | - |
Progrits AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Progrits AB | - | ||||||||
| Company Formation | Completed | Progrits AB | - |
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Progrits AB - employee data
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