
Fredrik Arnander
Co-Founding Partner
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- Full Name
- Fredrik Arnander
- Title
- Co-founder and former partner
- Firm
- Standout Capital
- Firm Type
- Growth equity / private equity
- Investment Stage
- Growth equity / later-stage technology companies
- Check Size
- SEK 50-150 million per company during ownership period, as stated by Standout in 2016
- Target Company Profile
- Nordic technology companies with scalable business models, typically B2B software, digital transformation services, and technology platforms; Standout’s current stated financial profile is EUR 5-25 million in revenue, proven profitability, growth, and healthy KPIs
- Sector Focus
- B2B Software, Digital Transformation Services, Technology Platforms, Enterprise Software, IT Services
- Geographic Focus
- Nordics, especially Sweden, Finland, Denmark, and Norway
- Location
- Stockholm, Sweden
Background
Fredrik Arnander is a Swedish technology entrepreneur, investor, and author best known as a co-founder of Standout Capital, a Stockholm-based growth equity firm focused on Nordic technology companies. Standout’s own Medium publication describes him as a co-founder and former partner, while older conference and investor profiles list him as partner or co-founding partner.
Before Standout, Arnander founded and built several technology companies, including Fondex, Keybroker, Sidewalk Express, and Qwaya. An Internetdagarna 2014 speaker profile says he co-founded several companies and served on the board of Eniro during the company’s digital transformation. A Standout/Mynewsdesk post notes that Keybroker, where Arnander was CEO and co-founder, won Sweden’s Deloitte Technology Fast 50 in 2011 after growing 5,667% over five years to SEK 178 million in revenue.
Arnander studied at the Stockholm School of Economics and Stanford University Graduate School of Business; Private Equity Insights also reports executive programs at Stanford GSB and Harvard Business School. He is also the author of *We Are All Leaders: Leadership is Not a Position, It's a Mindset*, published by Wiley/Capstone in 2012.
Investment Thesis & Focus
- Standout’s stated mission, written by Arnander in 2016, was “to support growth-stage, outstanding companies run by great teams.”
- The firm does not position itself as a seed investor. Arnander’s 2016 Standout Q&A explicitly answered the seed/early-stage question with: “No. Standout is a growth capital fund, investing in later stages.”
- Standout targets Nordic-based growth companies with strong positions, scalable technology-enabled business models, and proven profitability.
- Current Standout positioning emphasizes B2B Software, Digital Transformation Services, and Technology Platforms.
- Standout’s current target profile is companies with EUR 5-25 million in revenue, proven profitability, growth, and healthy KPIs.
- The firm seeks active ownership, often becoming a main owner; Arnander’s 2016 post stated a typical ownership target of 30-70%.
- Standout’s operating support includes expansion, sales and marketing, recruiting key people, digital strategy, acquisitions, governance, and exits.
Notable Investments
- Axel Health - Enterprise software / healthcare company; Standout investment year 2019.
- BCB Medical - Healthcare enterprise software and data company; Standout investment year 2017.
- Exsitec - IT services and application-solutions company; Standout invested in 2017 and divested in 2021.
- Miradore - Enterprise software company focused on mobile device management and security; Standout invested in 2018 and divested in 2022.
- Neptune Software - Enterprise software / low-code platform company; Standout invested in 2018 and divested in 2022.
- Visit Group - Hospitality enterprise software company; Standout invested in 2019 and divested in 2023.
- Kundo - Enterprise software for customer service and client communications; Standout invested in 2020 and divested in 2025.
- Papirfly - Enterprise software for brand management; Standout invested in 2020 and divested in 2022.
- SignUp Software - Accounts-payable automation enterprise software company; Standout invested in 2021 and divested to Insight Partners in 2023.
- Keybroker - Arnander was CEO and co-founder; the company was Sweden’s Deloitte Technology Fast 50 winner in 2011.
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