STOCKHOLM: Done.ai Group AB, a Swedish provider of AI-powered business software for small and midsize enterprises, said Monday its board has launched a formal review of strategic alternatives, including a potential sale, following increased interest from investors.
The company, listed on Nasdaq First North Growth Market under the ticker DONE, said alternatives under consideration include continued independent execution toward its financial targets, a sale, co-investment or other structural transactions.
Done.ai has built an integrated platform through acquisitions and internal development. Its Done OS combines CRM, accounting, fintech, marketing and industry-specific tools into a unified ecosystem. The board said it believes the strategy creates an attractive foundation for long-term value creation and positions the company to benefit from market consolidation.
The company’s management and key shareholders have experience scaling software and fintech firms. Most recently, team members were involved in the development of 24SevenOffice, now Finago, which KKR acquired for 2.4 billion Swedish kronor (about $230 million) at the end of 2024.
Done.ai said it also sees opportunities for further expansion through acquisitions, supported by a pipeline of potential targets that could be integrated into its platform. The company is evaluating financing alternatives including equity financing, share issues, strategic investments, partnerships and acquisition-related financing.
The company reaffirmed its target of reaching 1 billion kronor in revenue by the end of 2028.
“The increased inbound interest further validates the strength of Done.ai’s platform, strategy and market positioning,” Chairman Staale Risa said in a statement. He added that the company remains focused on operational execution and long-term value creation.
The board plans to engage one or more financial and strategic advisors to support the evaluation process.
Done.ai is headquartered in Sweden and reaches the Nordic SME market through its own customer base and an exclusive distribution agreement with Finago, a leading ERP provider in the region.
