Cinven is Joining Ongoing as First External Investor

Founded in 2008 and headquartered in Gothenburg, Sweden, Ongoing is a leading cloud-native WMS for logistics-intensive companies, including both third-party logistics (‘3PL’) providers as well as businesses that operate their own warehouses. Designed to help businesses of all sizes streamline their logistics operations with precision and flexibility, the platform delivers real-time inventory control, goods management, customer communication and advanced analytics that reduce manual work and errors.

Cinven believes Ongoing represents a compelling primary investment opportunity based on several attractive characteristics, including:

• Exposure to a structurally growing end-market,
• Strong growth track record and business model,
• Business-critical solution with a deeply embedded customer base,
• Multiple further growth and value creation levers, and
• Well-positioned to drive value from AI.

Ongoing’s co-founders, Henrik Ekman and Gerhard Guron, will remain significant shareholders and partners in the business. The Company’s CEO, Fredrik Einarsson, will continue to run the business and remain a shareholder.

Henrik Ekman and Gerhard Guron, co-founders of Ongoing Warehouse, commented:

"We founded Ongoing with the ambition to build a modern, easy-to-use WMS that helps logistics-intensive businesses run better every day. Since 2008, we have grown alongside our customers and our team, staying focused on product quality, reliability and a strong company culture. We are excited to welcome Cinven as a partner for the next chapter of Ongoing’s journey. With Cinven’s support and experience scaling software businesses, we believe we can accelerate our roadmap, expand our reach internationally and continue to deliver even greater value for our customers, while keeping the culture and customer focus that have always defined Ongoing."

Fredrik Einarsson, CEO of Ongoing Warehouse, added: 

“This marks an exciting milestone for Ongoing Warehouse. We are proud of the journey so far and grateful for the trust our customers have placed in us. Partnering with Cinven will enable us to accelerate innovation, strengthen our international presence, and continue delivering exceptional value to our clients, all while maintaining the culture and commitment that have always set Ongoing apart.” 

The transaction is subject to customary regulatory approvals and will complete by the end of Q2 2026.

Read the full press release on Cinvens website.

About Cinven

Cinven is a leading international private equity firm focused on building world-class global and European companies. Its funds invest in six key sectors: Business Services, Consumer, Financial Services, Healthcare, Industrials and Technology, Media and Telecommunications (TMT). Cinven has offices in London, New York, Frankfurt, Paris, Milan, Madrid and Luxembourg. 

For additional information on Cinven please visit www.cinven.com and www.linkedin.com/company/cinven/.