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Lyvia Group raises $145m in financing from Danske Bank and DNB

By Gloria Methri

October 10, 2023

  • Danske Bank
  • Digitalisation
  • DNB
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Lyvia GroupLyvia Group, one of the leading providers of business-critical software and expert services, has announced a new partnership with Danske Bank and DNB. The partnership with the two major Nordic banks will strengthen the company’s growth capabilities and support its European expansion.

Sebastian Karlsson, CEO of Lyvia Group said, “It was natural for us to team up with DNB and Danske Bank. We have had a long-standing relationship with Danske Bank, and the way DNB has supported customers during the pandemic embodies the kind of partnership we admire. We are proud and excited to work with partners who build and value strong relationships. This collaboration demonstrates their confidence in our vision, strengthens our financial base, and allows us to continue to grow sustainably.”

The partnership with DNB and Danske Bank will give Lyvia Group access to industry expertise that, together with the bank’s products and services, will support the company’s growth strategy.”Lyvia demonstrates a strong ambition and thoroughness in all aspects. We are particularly intrigued by their niche and business model in the future area of digitalisation, as well as by our ongoing and transparent dialogue with Lyvia’s strong team. We are more than excited to be part of their development going forward,” said Fredrik Magnusson, Senior Banker and Head of Regional Client, Large Corporate Banking SE at Danske Bank.

Lyvia invites investors and stakeholders to join them in their journey as they lead the way in digital evolution. The company’s commitment and its excellent technologies, combined with this significant funding, set the stage for continued success and innovation.

“The rapid development and strong portfolio of Lyvia impressed us. It encompasses key macro-trends such as digitalisation, which aligns with our future growth areas. The strong financial and strategically well-positioned profile, coupled with effective management, make it an ideal fit. We look forward to following their journey,” said Jesper Wiberg, Senior Vice President of Corporate Banking at DNB.

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