Propely with Arkwright X, Skagerak Capital and Spacemaker founders on the ownership side
Propely announces that Arkwright X, Skagerak Capital and the Spacemaker founders will become new co-owners of the company. This change in ownership represents a strategic strengthening of Propely's position and direction, and provides access to valuable expertise and networks in its efforts to become a market leader.
The transaction is a strategic adjustment of the company's ownership structure, as well as a smaller issue led by the company's employees. The new owners add extensive experience in strategy, business development and growth, giving Propely a solid foundation to further develop their services and reach new markets.
Arkwright X becomes co-owners through the Arkwright X Investment Family investment program, in which major investor Ferd is listed as a contributor.
- “In Propely we have found exactly what we are looking for in a company. A truly impressive and ambitious entrepreneurial team that has managed to get a lot out of little. The company is bottled up on creamer spirit, customer focus and hard work. This has resulted in a very good position in the market with satisfied customers and what in our eyes is the best product. Growth is obviously good and we believe Propely has every opportunity to become the market leader. Now we look forward to helping the team build the company further,” says Partner at Arkwright X, Nicolai Klemeyer Smith.
The Spacemaker founders with unique experience and advice
As well as bringing in strong venture and investment companies, a number of high-profile individual investors have joined. Among others Anders Kvåle, Carl Christensen and Halvor Aurmo from Spacemaker. These investors have been central to impressive growth journeys, both as entrepreneurs and advisors, adding valuable experience and insight that strengthen the company's position and ambitions for further growth.
- “The team at Propely has an unbeatable courage and an almost shocking maturity despite their relatively young age. This combination has created market-leading products and a commercial force we very rarely see. We are really impressed, and we are looking forward to the journey ahead”, comments Anders Kvåle, co-founder of Spacemaker.
Cash-positive operation in 2024
Then The Financial Newspaper wrote about Propely in 2022, COO and co-founder Ole Ekern stated ”We are working hard for the next Spacemaker to be us.”. By the end of 2024, Propely has an ARR of over NOK 22 million and has already achieved cash-positive operations. With around 200 clients from both the private and public sectors and a portfolio of around 7,000 properties, Propely consolidates its position as one of the leading players in the industry and sets the course for further growth and innovation.
“We are very pleased to have Arkwright X, Skagerak Capital and the former Spacemaker founders on the ownership side. These players share our vision to challenge and develop the market in which we operate, and we look forward to working together to realize our potential,” says CEO and co-founder of Propely, Kristoffer Lundquist.
Propely's goal is to continue to be a leading player in the industry, and this change in ownership structure provides the company with a solid foundation for further growth and innovation to its customers.
We see a lot of possibilities.
Employees invest in the future of the company
As part of this transaction, Propely employees have also had the opportunity to invest in the company through an issue. The initiative has been met with great interest and nearly all employees have chosen to participate.
“It is with great pleasure that almost all employees have chosen to invest in the company, which testifies to a strong commitment and belief in the future,” concludes Lundquist.
With a solid foundation of dedicated employees and strategic investors, Propely is well positioned to take the next step on its journey.
Read the press release in Finansavisen here.
