Climate technology · Oslo, Norway
Mossvale Software
B2B SaaS · Founder-owned · Founded 2015
Revenue€33mIllustrative LTM
EBITDA€5.4m16% margin
Revenue growth+31%Year on year
Recurring revenue94%Estimated share
Employees151+23% year on year
Company view
High confidenceData collection, controls and disclosure software for corporate sustainability teams.
Sustainability reportingB2B SaaSNordicsFounder-owned
Synthetic source fields
No live client dataBusiness modelB2B SaaS
OwnershipFounder-owned
Revenue€33m
EBITDA€5.4m
Recurring revenue94%
International revenue57%
Investment thesis
What could be true- Exceptional recurring-revenue quality and broad European adoption.
- Regulatory tailwinds support a multi-year category build.
- Founder-led organisation has invested ahead of international demand.
Risks to resolve
Before advancing- Crowded category may compress pricing over time.
- Reporting regulation remains politically exposed.
Screening dimensions
Deterministic v1.0Revenue quality2.0 / 2.0
94% recurring revenue supports strong visibility.
Scale1.5 / 1.5
€5.4m EBITDA sits inside the illustrative platform range.
Growth1.5 / 1.5
31% revenue growth indicates meaningful organic momentum.
Profitability0.8 / 1.5
16% EBITDA margin is credible with room for further leverage.
Market focus1.25 / 1.25
A sharply defined sustainability reporting niche supports specialist positioning.
Product depth1.0 / 1.0
Named workflow coverage and proprietary data indicate deep product value.
International0.55 / 0.75
57% international revenue provides evidence of early cross-border repeatability.
Dealability0.5 / 0.5
Founder-owned status could support flexible bilateral engagement.