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Fredrik Arnander
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Fredrik Arnander

Co-Founding Partner

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At a glance

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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