SerbianTech News Quantox ensures €20.000.000 investment from Sandberg Capital

Quantox ensures €20.000.000 investment from Sandberg Capital

Quantox ensures €20.000.000 investment from Sandberg Capital December 22, 2022

A new milestone for Quantox Technology! Building the future with strong partnerships!

Quantox Technology and Sandberg Capital have signed a partnership for the further expanding growth of the company, bringing it to a higher level! A €20 million investment is aimed at making a significant leap for Quantox’s future sustainable development, talent acquisition, and strategic global expansion.

Sandberg Capital is a Slovak private equity company established in 2014 with an AUM exceeding €340 million. It focuses on investments in small and medium businesses in the Slovak Republic and the region of Central and Eastern Europe, including among investors institutional ones, such as the European Investment Fund.

This partnership is one of the top 5 investments in the region so far, signed with companies from Serbia.

With Sandberg’s support, Quantox Technology plans to make successful breakthroughs in new markets, building even stronger client relationships with greater freedom and creativity in creating new software solutions.

“By entering into a partnership, we want to broaden our expertise and further strengthen our position as a leading IT employer in the region. Also, this investment will enable us to have a greater presence in the European and US markets, which will mean a lot to our clients by increasing the range of services in delivering high-end digital solutions and providing comprehensive IT support”

Vuk Popović, founder of Quantox Technology

The company’s focus remains the same – discovering new perspectives and empowering the Q team. The partnership is an additional lift that will bring Quantox even closer to long-term growth, sustainability and stability.

“Given Sandberg’s multiple investments in the IT sector, we see an increasingly strong push for digitalization across the economy. At the same time, we perceive a severe shortage of IT professionals that may be preventing companies from growing and achieving their strategic goals. The investment in Quantox reflects our long-term strategy of partnering with ambitious entrepreneurs in sectors that directly or indirectly help with the digital transformation of the economy,”

Michal Rybovič, Partner at Sandberg Capital. 

Matej Klenovsky, Investment manager at Sandberg Capital, believes that Quantox and Sandberg share a similar growth mindset and have the same ambitions and perspectives for future achievements.

“Quantox, in addition to employing a large number of IT professionals and having a great ability to attract clients from various industries, is truly committed to the development of the local IT community. We believe that this company is more than ready for the next step and we are eager to follow them along the way, giving support through our experience, knowledge, and capital.“

Matej Klenovsky, Investment manager at Sandberg Capital

Both partners will be focused on strengthening Quantox’s business – establishing a local presence, expanding the spectrum of services to respond to clients’ demands from all parts of the world, and improving internal processes and organizational structure.

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