Juuri Partners has made a significant investment in Kiho, a developer of innovative mobile work software. In recent years, Kiho has successfully expanded its solutions to include fleet management, time tracking, and field work management. The company is now preparing for international growth.
Juuri Partners has invested in Kiho, a pioneer in mobile work technology, to support the continued growth of the company. Kiho offers digital solutions for mobile work to its customers and employs over 40 top-notch professionals in Kuopio, Tampere, and Jyväskylä. The investment aims to accelerate Kiho’s product development and growth both domestically and internationally. The modular software solution by Kiho currently serves over 1500 Finnish companies in industries such as property maintenance, infrastructure construction, and logistics, ranging in size from small businesses to organizations managing thousands of vehicles.
“The market for fleet and field work management solutions is still underdeveloped, and customers do not fully utilize the opportunities offered by digitalization. Kiho offers a seamless and easily integrated solution for mobile workers and equipment. The comprehensive field work software designed by Kiho provides its customers with not only equipment tracking and management but also the ability to significantly direct and streamline their operations. We see Kiho’s solution as unique in the market and want to support the company’s growth both domestically and internationally,” says Hanna Viinikainen, a partner at Juuri Partners.
“We are really excited about the upcoming collaboration. We found a great working spirit with the Juuri Partners team already from the first meeting. During the negotiations, we have created a common strategy with the goal of making Kiho the market leader in the industry. I believe that by putting both the customer value and the satisfaction of people at Kiho at the center, we will succeed in this mission,” commented Lari Tirkkonen, CEO of Kiho.
“Kiho’s mission to improve the efficiency of field work by utilizing technology is impressive. The role of digitalization is growing strongly in field work management as notebooks and Excel sheets are replaced by modern and seamless software and IoT-based solutions. Digital solutions also offer the customers of Kiho a completely different scale of opportunities to utilize data in business management and reporting,” says Eetu Blomqvist, CTO of Juuri Partners.
Juuri Partners and Kiho see significant growth potential in digital solutions for field work management, both domestically and internationally. In addition to the software suite itself, there is a clearly growing market for the data provided by Kiho, such as equipment emissions and occupational safety, to develop business responsibility of its customers.
Additional information:
Lari Tirkkonen, CEO, Kiho Oy, puh. 040 764 6244, lari@kiho.fi
Hanna Viinikainen, partner, Juuri Partners Oy, puh. 050 407 1788, hanna.viinikainen@juuripartners.fi
Juuri Partners Oy
The 13-person team of Juuri Partners Ltd manages the private equity funds Juuri Rahasto I Ky and Juuri Rahasto II Ky amounting to approximately €200 million, which finance established and profitable small- and medium-sized enterprises in Finland. Juuri Partners offers growth-oriented companies a business financing and development concept that combines active ownership, debt financing and strategic business support. The investor base for the funds comprises both Finnish and international institutional investors. juuripartners.fi
Kiho Oy
Kiho is a Finnish software company that specializes in developing innovative solutions for field work management. Kihon products help companies improve their efficiency and operational transparency. The company’s revenue in 2022 was 5 million euros, and it employs approximately 40 people. kiho.fi