20. EU Business News- Scandinavian Business Awards 2025 Apr25014 Offering investors and tech leaders the opportunity to connect with a technology expert, Function of Tech is a boutique M&A advisory specialising in successful investments in the tech industry. For example, the company’s primary service, TechCheck, offers a detailed scan of a tech company, detailing the opportunities and risks associated with it through a process of tech due diligence. To learn more about Function of Tech and its services, we spoke with Head of Tech Advisory Olof Winberg. Scandinavia, especially Sweden, is a renowned powerhouse in the dynamic global tech scene, having produced some of the world’s most popular tech-driven products and businesses over the years – from Spotify and Skype through to Klarna, Minecraft, and Candy Crush. On a mission to add itself to that elite list is this tech due diligence company based in Lund. Function of Tech (FoT) primarily works with private equity investors from the Nordic countries, which are running funds focusing on software and technology, as well as their portfolio companies. The company serves these clients in a couple of different ways, either by providing additional room for the CTO to evaluate add-on acquisitions or through the provision of independent perspectives (or second opinions) on major tech investments to management teams and organisational boards alike. Furthermore, FoT helps private equity investors to evaluate their first time investments with ease and peace of mind. As a result of these offerings, FoT is unique in the M&A space as it is not simply selling a service – it is providing expert advice and solutions with a professional CTO. Olof explained: “Our clients know exactly what they are walking into when making acquisitions and can then adequately prepare for them, so the investment is successful even if there are issues to address. Alternatively, they can back away if the preconditions for success aren’t there.” In every engagement, FoT also promises that an experienced CTO or CIO will be leading the charge. When FoT says “experienced”, it really means it – as these individuals are undisputed ‘techies’, sitting atop several decades in the field and established track records for building rapidly developing companies from all around the word. Diving deeper into this, Olof told us: “We run our tech M&A advisory as a boutique, with mainly senior experts being supported by a few mid-level consultants. This is very different from the mainstream consultancies that run pyramids with 15-20 junior consultants per partner on the top.” Olof continued: “We always provide clients with direct access to our senior staff, who are involved hands on with every client delivery.” FoT’s deployment of this senior knowledge is essential given the short amount of time that clients spend in M&A, a space where turnarounds are quick and so is the amount of information given. This makes having an expert capable of making swift decisions and handling complex situations well a must. Leveraging both their insights and their soft skills, these senior individuals add value by building plans that not only strengthen a tech platform but also contribute to the business’ wider growth plans. These seamlessly align with the developments seen across the field of tech due diligence in recent years, where a shift has been experienced from the "can it scale?” type of question in the early days to also including cybersecurity and developer efficiency. Alongside this, investors increasingly look beyond identifying issues that can warrant a lower price and also looking to identify opportunities in digitalization and tech to drive value creation, which puts higher requirements on tech advisors. AI is another significant development in this space, and FoT offers two pieces of advice to those CEOs and CTOs that feel pressured to begin integrating AI into their services: look for valuable AI use cases that actually deliver savings and benefits and start by developing an internal AI playground to learn what results AI can create. Shifting focus to the next steps for this tech due diligence consultant in Sweden, FoT plans to continue down the same route, having found an effective model business model that is liked by its clients and flawlessly executed by its specialist team. Doubling down on its existing initiatives will see Function of Tech reach more people and help them to become highly successful tech investors, supporting them at every stage of the investment cycle whilst carving out a name for itself as the go-to partner for smarter investments. Contact: Olof Winberg Company: Function of Tech Web Address: https://www.functionoftech.com/ Best Technology M&A Service Provider 2025 – Sweden
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