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We are excited to announce that Co-native, the new Nordic group for cloud native specialist companies, partners with Segulah, a Nordic mid-market private equity firm. With Segulah, Co-native gets a strong operational and experienced financial partner with resources to expand the group across the Nordics. Segulah buys shares and invests new capital in Co-native to become a significant shareholder, partnering with the founders and employees in the group who together remain majority owners.

Co-native was started in 2022 as a group for “co-operation of cloud native companies”, bringing together strong cloud specialist companies active on Microsoft Azure, Amazon Web Services (AWS), Google Cloud and other cloud platforms. Co-native invites cloud specialist companies to become co-owners in the group, offering the most attractive alternative for their future growth journey in a modern cloud culture – while remaining autonomous companies and brands.

The Nordic cloud services market is sizeable and growing fast, consisting of many independent cloud native specialists, focused on different cloud platforms and market segments. Together with the new partner Segulah, Co-native’s ambition is to build the leading cloud native services group and offer customers the strength of the agile cloud specialist – expert competence, personal relations and flexibility – combined with the resources and wide service range of a larger multi-cloud group. The first company in Co-native is Xenit, a Microsoft cloud specialist based in Sweden.

Co-native was co-founded by Fredrik Arnander – a tech entrepreneur and investor – together with Linus Lindström and Robin Kindberg – the founders of Xenit AB. They build Co-native on a strong experience of the cloud industry, tech entrepreneurship and investments.

“We are happy to welcome Segulah and the team onboard and to strengthen Co-native with their extensive experience in the IT & technology sector and building successful companies to reach our vision of becoming the leading Nordic cloud native group, say Fredrik Arnander, Linus Lindström and Robin Kindberg, co-founders, Co-native.

“Co-native has taken a strong position within an attractive and fast-growing market driven by digitalisation. The investment fits well into Segulah’s strategy of investing in companies with long-term structural growth and we look forward to working together with the founders to realise Co-native’s full potential”, say Percy Calissendorff and Johan Möllerström, partner and director, at Segulah VI Advisor AB.

Contacts and more information

Fredrik Arnander, Executive Chairman, Co-native, +46 70 568 24 10,
[email protected]

Linus Lindström, CEO, Co-native, +46 76-622 68 02,
[email protected]

Percy Calissendorff, Partner, Segulah VI Advisor AB, +46 73 347 62 81,
[email protected]

Johan Möllerström, Director, Segulah VI Advisor AB, +46 72 543 79 11,
[email protected]

Co-native website:

Segulah website:

About Co-native

Co-native is the Nordics' first native cloud group. For cloud specialist companies, we want to be the most attractive alternative for their future growth. To customers, we offer the best solutions for cloud and digital transformation. The group was started in 2022. Co-native is co-founded by Fredrik Arnander, Linus Lindström and Robin Kindberg.

About Segulah

Segulah, whose mission statement reads “We invest in the backbone of modern society”, is a private equity firm focused on mid-market buyouts in the Nordic region. We solely invest within three verticals – B2B services, IT & technology services and light manufacturing – areas in which team members have a long-standing and proven track record. Opportunities are targeted in markets benefitting from macro trends which the team has identified as particularly relevant for the Nordic region, including investments in smart urbanisation and infrastructure renewal, the increased modernisation and automation of industries, as well as the improvement of production and service-delivery efficiency via digitalisation. Our business model builds on active ownership where we add capital, industrial competence and strategic focus. Segulah Advisor AB is the exclusive investment advisor to the funds Segulah IV, Segulah V and Segulah VI.

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