The construction industry is on the cusp of a digital revolution, and a recent strategic investment in Infobric by Stirling Square Capital Partners and KKR signals a bold step forward in this transformation. This partnership is not just a financial transaction; it’s a vote of confidence in the future of construction technology and its potential to reshape the sector.
Infobric, a leader in software solutions for the construction industry, has long been at the forefront of addressing operational challenges faced by contractors and subcontractors. Its innovative tools for workforce management, equipment control, and asset management have already made a tangible difference for over 12,000 general contractors, 75,000 subcontractors, and 450,000 app users across the Nordic countries and the United Kingdom. With this new investment, Infobric is poised to accelerate its growth, expand into new markets, and drive further innovation in product development.
The collaboration between Stirling Square and KKR brings together a formidable combination of expertise and resources. Stirling Square, with its proven track record in the global construction technology sector, has been instrumental in Infobric’s growth since acquiring a majority stake in 2023. Their success with Hubexo, transforming it into a global market intelligence and sales enablement platform, underscores their ability to nurture and scale technology-driven businesses.
KKR’s involvement, primarily through its Global Impact Fund II, adds another layer of strategic depth. The fund’s focus on companies that address societal challenges and contribute to the United Nations Sustainable Development Goals (SDGs) aligns seamlessly with Infobric’s mission. Infobric’s software solutions have already demonstrated significant improvements in worker safety and compliance, directly impacting SDG 8 (Decent Work and Economic Growth). This investment marks KKR’s first foray into the Nordics and follows its recent strategic investments in notable Swedish companies, further solidifying its commitment to the region.
The combined expertise of Stirling Square and KKR will not only propel Infobric’s growth but also enhance its ability to deliver value to its customers. As Henrik Lif, Managing Partner at Stirling Square, noted, “We are thrilled to welcome an investor of KKR’s calibre at an incredibly exciting time for the business. Their team shares our ambition for Infobric and brings extensive expertise investing in the sector and a phenomenal international platform that will help us accelerate our growth strategy, both organically and through M&A.”
Rami Bibi, Managing Director and Head of KKR’s Global Impact team in EMEA, echoed this sentiment, stating, “Infobric has built a leading platform that delivers improved productivity for its customers and a safer environment for construction workers. We are delighted to establish a strategic partnership with Stirling Square and Infobric’s management to support the company’s next chapter of growth, leveraging our global platform and expertise in scaling technology businesses to help Infobric realise its potential.”
For Infobric, this investment is a testament to its commitment to making construction sites safer, more transparent, and more sustainable. Dan Friberg, Group CEO at Infobric, expressed his enthusiasm, saying, “We are delighted to welcome KKR as an investor. They support our mission and values, and will bring a complementary perspective and expertise, informed by decades of growing world class enterprises. Infobric remains passionate about our mission to make construction sites safer, more transparent, and more sustainable for everyone and are relentlessly focused on delivering our strategy, investing in innovation and expanding internationally to deliver even greater value to our customers.”
This investment is a significant milestone for the construction technology sector, highlighting the growing recognition of the critical role that digital solutions play in enhancing productivity, safety, and sustainability. As the industry continues to evolve, partnerships like this one will be instrumental in driving innovation and shaping the future of construction. The collaboration among Stirling Square, KKR, and Infobric is poised to create substantial value, not just for the companies involved, but for the entire construction ecosystem.