Aiab energy AB
Aiab energy AB was founded in 1970 and is a supplier of system solutions for power supply, primarily within the fields of standby or backup power and mobile power generation systems. Aiab’s key offerings include automated backup power systems, single and/or parallel operated systems for stationary applications or as mobile modular systems, all within the 10-2500 kVA range.
Aiab is a leader in its field in Sweden and has approximately a 40% share of the relevant Swedish market. Its key customers include the Swedish Emergency Service Agency (MSB), the Stockholm Public Transport Agency (SL) and the Swedish military (FMV) to which Aiab has been an almost exclusive supplier for over 35 years. Although Aiab historically has focused on supplying the Swedish market, it has since 2006 developed an export program and is currently supplying portable power supply solutions to the Norwegian military and is expanding its offerings to several other markets in Europe.
Since 2012, Aiab is a qualified supplier of power supply equipment to the NATO Support and Procurement Agency, NSPA, and has several certified products with an NSN (NATO Stock Number) in NATO’s database. In 2015, Aiab signed an agreement with EATON regarding distribution in Scandinavia of their DC power solutions.
All development, manufacturing and assembly is done by Aiab in its own factories in Timrå, north of Sundsvall, Sweden. The Company employs about 50 people and Allegro has been the majority owner since 2003.
AnaMar AB is a biopharmaceutical company focused on the discovery of novel therapeutic strategies to treat fibrotic diseases. The company is located at Medicon Village in Lund, Sweden.
AnaMar AB is developing the first selective 5-HT2B receptor antagonists with potential use in a number of human fibrotic diseases, e.g. Systemic Sclerosis, Idiopathic Pulmonary Fibrosis and Non-Alcoholic SteatoHepatitis. The compounds developed by AnaMar are of low molecular weight, the molecules are highly potent and highly selective and AnaMar owns the composition of matter intellectual property.
AnaMar has selected a candidate drug from its in-house molecules and is developing this molecule for the indication Systemic Sclerosis, a serious disease currently lacking effective treatment. AnaMar has submitted an application for clinical trials in humans with a planned start in 2020.
AnaMar employs three people and Allegro has been the lead investor since 2002.
San Diego, USA
ClosingCorp® owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies and strong alliances, the company delivers timely, accurate and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies, real estate professionals and the consumers they serve.
With origination costs continuing to climb, finding efficiencies in the mortgage process is critical for lender profitability. Instant, one-click ordering with verified pricing all but eliminates tolerance violations and dramatically improves operational efficiency. That’s why more than 300 mortgage lenders nationwide rely on ClosingCorp to help improve efficiencies and mitigate risk. Hundreds of thousands of new loan files are queried against the company’s service daily.
With more than 30% market share, ClosingCorp has seen exponential growth including 12% client base increase and over 35% volume increase in 2019. Today, 20 of the top 30 lenders nationwide as well as 9 of the top 10 wholesale lenders use ClosingCorp.
ClosingCorp is a seven-time HousingWire Tech100 winner. Bob Jennings, the company’s Chief Executive Officer, was named one of the 2019 HousingWire Vanguard Award winners. In addition, the company has been inducted into the Ellie Mae Hall of Fame as Lender’s Choice for Best Service Provider.
ClosingCorp was founded in 2006 and is headquarted in San Diego. It currently has 85 employees and Allegro has been the lead investor in the company since 2007.
Gadelius Holding Ltd.
Gadelius Holding Ltd. is a specialized trading company on the Japanese market. Gadelius is active in seven different business segments; disaster relief, low-energy housing, medical technology, printing equipment, industrial process machinery, food-processing machinery and construction equipment. Within these business segments, Gadelius focuses on importing high-quality niche products and systems from all over the world. In addition, Gadelius has a significant medical device business focused on bringing long established medical device manufacturers to the Japanese market.
Gadelius was originally established in Japan in 1907; it is a Japanese company, even though its owners have always been Swedish or Swedish-related.
The Gadelius group employs about 230 people in locations throughout Japan and Allegro has been an investor in the company since 2006.
San Diego, USA
GovX is an eCommerce company built on a foundation of respect and appreciation for the US Military, Law Enforcement and First Responder communities. Verified GovX members receive exclusive access to an expansive catalog with the best prices on premium brands for on-duty and off-duty needs. Members-only savings are also available on travel services, sports tickets and entertainment options for the entire family.
The platform is secured with GovX ID, a proprietary user identification platform that verifies eligibility and restricts access to approved members. This closed-channel approach allows brands to offer favorable pricing and build a deeper relationship with those who serve, without disrupting their other retail channels. GovX also licenses this proprietary service to partners who wish to offer discounts on their own site to this deserving community.
The company was founded in 2010 and has its offices in San Diego, California. It has 85 employees and Allegro has been a key investor since 2013.
Harbour Advisors Cayman Ltd.
Grand Cayman, Cayman Islands
Harbour Advisors Cayman Ltd. (Harbour) serves as the GP for various investment funds with over £750 million in partner commitments.
Harbour, through Harbour Litigation Funding Ltd. (“HLF”) as subadvisor, provides investment advisory, portfolio management and other services to the Harbour investment funds in respect to litigation, tribunal arbitration and dispute resolution claims and dispute and judgment collections and enforcements (“Claims”). Harbour’s approach is to combine legal, financial and investment expertise in assessing Claims for potential investment by its investment funds.
The services provided by Harbour to its investment funds include recommending Claims, the provision of advice in respect to Claims and the on-going monitoring and review of Claims invested in by its investment funds.
Allegro is one of the initial founders of Harbour and has been invested in Harbour since 2009. Harbour and HLF together employ about 28 people.
INQO Investments (Pty) Ltd.
Cape Town, South Africa
Inqo is an impact investment company investing in businesses that tackle poverty and the social needs of the poor. Inqo believes that enterprise is the best way to tackle poverty through creating sustainable employment that empowers the poor and transforms communities. Whilst aid and philanthropy will always have a role in humanitarian crises, Inqo believes that sustainable transformation of low-income countries can only be achieved through economic development.
As a social venture investment company, Inqo invests in businesses that create jobs, provide services and products for the poor as well as tackle environmental issues. Inqo invests mostly in small to medium size enterprises (SMEs) that are scalable and have potential for growth and asset appreciation. In addition to the financial returns, each investment will be monitored for their measurable social and environmental impact. Our primary investment focus is Sub-Saharan Africa.
Inqo’s current portfolio companies include the 40,000 acre Kuzuko Private Game Reserve (South Africa), a five star luxury resort based in the Eastern Cape, which combines job creation, conservation and transformation; Spekboom Trading (South Africa), a project involving the re-forestation of 14,000 acres with the indigenous Spekboom plant in the Eastern Cape to restore degraded land, create 250+ jobs and generate carbon trading credits; Bee Sweet Honey Ltd (Zambia), a commercial producer of forest honey with 90,000 beehives using a network of 10,000 small farmers in the Miombo region of Northern Zambia; Mazima Retirement Plan (Uganda), a voluntary retirement savings scheme for low-income earners in the informal sector of the economy; Southlake Medical Centre (Kenya), providing primary and secondary health care to the 50,000 flower farm workers in Naivasha and Kentegra (Kenya), producing organic pyrethrum insecticide working with 3,000 out-growers.
Allegro first invested in Inqo in 2014 and has continued to add to its investment in 2017 and 2018 as the company has continued to grow and needed additional capital.
www.jtk-power-finland.com in Vöyri and Isokyrö, Finland
www.jtk-power-estonia.com in Tallinn, Estonia
www.jtk-power-china.com in Wujiang (Suzhou), China
The JTK Power Group specializes in manufacturing demanding steel solutions for the world’s leading companies in the marine and mining industries, the logistics sector and for power plants. The JTK Power Group includes three companies that together offer silencer and valve line products, mechanical, acoustic and industrial services, and air raid shelter equipment. Each one of the three companies has its own specialization, which means that the JTK Power Group is able to offer comprehensive solutions for broad-ranging systems.
The factories are located in Finland, China and Estonia. Products can be found on every continent, in as many as 160 countries. During 20 years of operation, the group has supplied more than 30,000 silencers and offered various project solutions to companies all over the world.
The JTK Power Group aims to have the best worldwide technology know-how in its field and 100% delivery reliability and dimensional accuracy of its products. The products are designed to withstand extreme conditions because they have to work equally well in high heat as well as in cold, wet and humid conditions. By combining customers’ needs with JTK’s technical know-how, products with the highest quality and working characteristics are created.
The JTK Power group has over 200 employees and Allegro acquired the first company in August of 2013.
Koncentra Pistons Oy
Koncentra Pistons designs, manufactures and markets large bore pistons for leading manufacturers of medium speed diesel and gas engines. Large bore engines used in marine applications, as well as, in power plants, are exposed to severe combustion conditions. Such combustion environments require pistons that can resist high combustion pressure, high temperatures, heavy wear and extreme corrosive conditions.
Koncentra Pistons is applying proprietary state-of-the art R&D Technology to design piston structures, cooling systems, surface treatment and manufacturing processes of pistons and have invested in the most advanced CNC and Automation Technology for efficient and quality assured manufacturing.
Koncentra Pistons’ technology provides the best possible performance by achieving outstanding ring groove wear, excellent support surface performance, light structure, improved fatigue strength and cost competitiveness.
Koncentra Pistons is approved by ISO 9001, ISO 14001 and OHSAS 18001.
The company was founded in 1997, employs about 40 people and is located in Pietarsaari, Finland. Allegro acquired the company in August of 2016.
Malmstens Verkstad AB was founded in 1969 and is a subcontractor of larger and heavier products within the area of CNC-machining, welding, robot-welding and assembly.
The company has extensive experience partnering with large industrial organizations in manufacturing both semi-finished and finished steel components for industrial use. Malmstens is equipped to handle requests for large and heavy-duty components and can manufacture using any method and type of material.
Malmstens Verkstad AB is certified by ISO 9001, ISO 14001, EN 1090-1 and ISO 3834-2.
Major clients are Toyota, Konecranes and Cargotec.
Malmstens Verkstad AB employs about 40 people and Allegro became the principal owner in 2010.
Nclear is committed to restoring nature’s equilibrium to the world’s water bodies by addressing the problem of nutrient pollution (excess levels of phosphorus and nitrogen) that is causing toxic algae and red tide blooms across the globe.
Nclear’s patented TPX™ nanocrystal technology helps wastewater plants meet more stringent phosphorus discharge limits with an efficient and cost-effective solution that eliminates the need for toxic chemicals. Any resulting solid waste is non-toxic and can often be repurposed rather than sent to landfills. TPX™ is a patented synthetic calcium-silicate mineral engineered to be the most cost effective and environmentally safe solution to remove phosphorus and certain other contaminants from industrial processes, as well as to remove or prevent excess phosphorus concentrations from water bodies such as lakes, rivers, streams, estuaries and bays.
In addition, Nclear’s proprietary ElectrX™ electrochemical reactor technology is a cost-effective and environmentally friendly way to eliminate excess nitrogen levels in wastewaters, by converting ammonia to harmless nitrogen gas.
The company has 12 employees, and Allegro has been the lead shareholder since 2015.
Oxymetal, which was founded in 1984, is a European leader in industrial metal cutting.
With operations in France and Czech Republic, Oxymetal’s core business is in metal cutting with a wide range of services from high-precision laser cutting from as little as 0.1 mm to the cutting of very thick pieces of up to 400 mm. In addition, Oxymetal offers finishing operations, such as bending, machining and welding and is versatile enough to handle everything from one-off prototypes to serial production finished components or sub-assemblies.
Oxymetal has a very diversified customer base supplying many different businesses including energy, aerospace, medical equipment, automotive, railroad, construction, industrial machinery and equipment amongst many others.
The company employs about 400 people and Allegro became one of the main investors in 2012.
Menlo Park, USA
Sight Sciences is a commercial-stage medical device company dedicated to the development and sale of intelligently designed and engineered products that address the underlying physiology of ophthalmic diseases. The company currently operates in two markets – glaucoma and dry eye disease.
Sight Sciences’ Omni™ surgical device is used to treat glaucoma and related diseases. Omni™ is a manually operated device for the delivery of small amounts of viscoelastic fluid during ophthalmic surgery as well as for the cutting of trabecular meshwork as appropriate.
The company also has developed a device designed to treat dry eye disease. The TearCare® System is a wearable, open eye and fully-customizable eyelid technology which has been available commercially since a controlled launch in mid-2019. TearCare® is a software-controlled technology that provides targeted and adjustable thermal energy to the meibomian glands, leveraging the full functionality of the blinking eye. The TearCare® System’s proprietary iLid™ technology facilitates natural meibum expression when meibum is in its melted phase.
The company was founded in 2011, and Allegro was one of the initial investors in the company’s Series A. After also having participated in the Series B offering, Allegro in 2018 led the company’s Series C round and in connection therewith Staffan Encrantz joined the Board as Chairman.
Sight Sciences is headquartered in Menlo Park, California and currently has about 125 employees.
Santa Barbara, USA
Zymbit is an innovator in cyberphysical security technologies that simplify the development and deployment of secure edge computing used in high value commercial and industrial applications.
The company’s modular products deliver a uniquely coherent set of digital and physical security features that enable software developers and IT professionals to test, deploy and maintain a diverse fleet of assets through a unified interface. This reduces commercial risk and time to secure operation in the emerging segments of IoT and distributed computing.
Zymbit products are used by OEMs and integrators in the US and Europe for applications that include energy distribution, building management, industrial monitoring and remote medical diagnostics.
Zymbit was founded in 2014 and Allegro led a Series-A financing in early 2020 to fund the development of a growing pipeline of multi-million dollar OEM projects.
Zymbit currently has 5 employees.