Name

Sandberg Capital

Legal name

Sandberg Capital, správ. spol., a.s.

Website

https://sandbergcapital.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

All Other Financial Investment Activities (52399), Other Financial Investment Activities (5239), Other Investment Pools and Funds (5259)

akta.pro primary industry

Financial Services / Fintech Growth Equity (FSANACAE)

Keywords

• Private equity investing
• Alternative investment funds
• Portfolio management
• Growth capital
• Technology investments

Headquarters

HQ city

Bratislava

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Fund Management: Sandberg Capital generates revenue through management fees and carried interest (performance fees) from managing alternative investment funds, including Sandberg Investment Fund and Sandberg Investment Fund II, targeting professional investors.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Sandberg Capital is a private equity firm that manages alternative investment funds (Sandberg Investment Fund and Sandberg Investment Fund II) for professional investors. The firm invests growth capital of up to EUR 50 million per project into small and medium-sized companies in Central and Eastern Europe with minimum EUR 2 million EBITDA, taking majority or significant minority stakes across technology, agriculture, retail, education, and telecommunications sectors.

Product overview

Sandberg Capital operates a multi-platform portfolio investment strategy across Central and Eastern Europe, focusing on five core sectors: Information Technology, Agriculture, Retail, Telecommunications, and Education. The portfolio consists of distinct standalone companies rather than an integrated product platform. Key technology platforms include Seyfor (ERP/business software serving 100,000+ customers across 6 countries), Daktela (contact center software), Titans Freelancers (IT staffing marketplace with 11,000+ specialists), Phobs and HotelTime (hospitality software), and Revolgy (cloud services). The agricultural platform centers on Sanagro (11 farms, 19,000 hectares), retail includes Terno (116 stores) and Phase (furniture), and education encompasses Bakaláři (90% Czech school market) and Cambridge International School. Each portfolio company operates independently with its own product roadmap and customer base.

Differentiator

Problem solved

Functional benefit

Products and services

• Sandberg Investment Fund First private equity fund managed by Sandberg Capital, created in 2014 for investments in small and medium-sized companies in Central and Eastern Europe. The fund is now out of its active investment period and only considers add-on investments for portfolio companies.
• Sandberg Investment Fund II Second private equity fund established in January 2021 with EUR 130 million of committed capital, exceeding the original EUR 109 million target. The fund invests in small and medium-sized companies with strong growth potential in CEE, with backing from the European Investment Fund under the COSME program.
• Alternative Investment Fund Management (AIFM) Services Regulated alternative investment fund management services for professional investors, provided by Sandberg Capital as a licensed alternative investment fund management company under supervision of the National Bank of Slovakia. Includes fund management, portfolio management, and carried interest arrangement.
• Private Equity Investment Services for SMEs Active private equity investment service targeting small and medium-sized companies in growth or mature stages with minimum EUR 2 million EBITDA, in Slovakia, Czech Republic, and broader CEE region. Typical investment size up to EUR 50 million, with focus on technology, agriculture, retail, education, and telecommunications sectors.

Quantifiable outcome

• More than 3,000 employees across portfolio companies
• +3 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• LucronprojectStrategic or Co-development Partner · 1 June 2025Sandberg Capital partnered with developer Lucron for residential real estate project Arboria Stromová in Trnava, Slovakia. This is Sandberg's first investment in residential real estate, bringing 180 modern apartments by 2027. Lucron handles development while Sandberg provides capital.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Abris Capital Partners: Warsaw-based mid-market PE firm investing across CEE. Closest direct peer: similar size, focuses on SMEs in Slovakia, Czech Republic, Hungary, and Poland with comparable cheque sizes, and shares talent flow with Sandberg (e.g., Renáta Čurčová and Michal Rybovič both ex-Abris).
• Innova Capital: Warsaw-based PE firm managing CEE-focused buyout and growth funds. Similar sector tilt toward technology and business services in Poland and Central Europe, with overlapping LP base.
• BlackPeak Capital: Sofia-based growth capital firm investing in Southeastern European SMEs. Comparable mid-market ticket sizes and adjacent CEE/Southeast Europe geographic footprint to Sandberg.
• Enterprise Investors: Warsaw-based PE manager operating Polish Enterprise Fund and successor vehicles, with CEE-wide investment activity. Comparable mid-market SME focus, multiple technology platform investments, and similar LP structure anchored by EIF and DFIs.
• ARX Equity Partners: Prague-based mid-market PE firm active across CEE with similar cheque sizes. Direct comparable—co-invested alongside Sandberg in the April 2025 Phobs/Travelnode acquisition.
• Resource Partners: Warsaw-based PE firm focused on mid-market buyouts in Poland and the broader CEE region. Similar SME focus, comparable fund size, and overlapping sector preferences in business services and IT.
• 3TS Capital Partners: Central European growth capital firm with technology and growth-stage focus across CEE. Comparable SME investment size, technology platform thesis, and cross-border value-add playbook.
• Genesis Capital: Prague-based PE firm focused on Czech and Slovak SMEs with multiple growth funds. Sandberg Investment Manager Renáta Čurčová previously worked at Genesis, indicating close sector and geographic overlap.

Broad incumbents

• J&T Private Equity Group: Investment arm of the Czech-Slovak J&T Finance Group, a major LP in Sandberg's Fund II. Operates as a much larger financial group with overlapping CEE mid-market PE activity and shared regional ecosystem.
• Mid Europa Partners: One of the largest dedicated CEE private equity firms, investing across Central Europe with multi-billion-euro funds. Overlaps with Sandberg on regional SME focus but operates at materially larger ticket sizes and across broader sectors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sandberg Capital