Oslo, Norway - March 9th, 2022 — Ardoq, a SaaS company reinventing Enterprise Architecture for today’s digital enterprise, has today announced a $125 million funding round. The round is led by One Peak and EQT Growth, the growth equity strategy of the global investment organization EQT, which invests in and partners with Europe’s most innovative tech companies at the point they are beginning to scale. The Series D will fund Ardoq’s continued global expansion as it invests further in its commercial platform, best-in-class product offering and growing its team.

“Supported by some of the leading Norwegian angel investors, VCs and family offices, Erik and the team have delivered beyond our high ambitions for Ardoq. We are delighted to be welcoming EQT Growth and One Peak as partners for the next chapter in Ardoq’s growth journey.”

Founded in 2013 by Magnulf Pilskog and Erik Bakstad and headquartered in Oslo, Norway, the company has grown to a team of 170 professionals with further offices in Copenhagen, London and New York. Driven by this passionate and market-leading team, Ardoq is one of the world’s leading vendors of cloud-native Enterprise Architecture software, with a truly global customer base and top tier clients such as Carlsberg, Condé Nast and the United States’ Federal Communications Commission. Ardoq’s software platform is the engine for driving digital business execution, which supports how customers’ business can transform in a world of increasing IT complexity, cloud migration, and the proliferation of applications.

Erik Bakstad, Co-Founder and CEO of Ardoq, commented: “Thanks to the fantastic work of our team and our dynamic, data-driven Enterprise Architecture platform, in 2021 we continued our trajectory of 80% year-on-year ARR growth. Now we are in the perfect position to supercharge our global expansion in 2022 and beyond. We will expand the team, continue to invest in our technology platform, and double-down on commercial excellence, all whilst continuing to support the digital business execution of organizations and enterprises all across the world.”

Haakon H. Jensen, Chairperson of Ardoq, commented: “Supported by some of the leading Norwegian angel investors, VCs and family offices, Erik and the team have delivered beyond our high ambitions for Ardoq. We are delighted to be welcoming EQT Growth and One Peak as partners for the next chapter in Ardoq’s growth journey.” Jensen, who led the transaction process on behalf of Ardoq, will remain as Chairperson.

The transaction is subject to customary conditions and approvals. It is expected to close in March, 2022.

About Ardoq

Ardoq is a SaaS company reinventing Enterprise Architecture for today’s digital enterprise. The company’s dynamic, data-driven EA platform is designed to plan and execute major change initiatives. The tool provides a digital twin of an organization’s people, processes, systems, data, and infrastructure. With Ardoq, CIOs can confidently deliver digital transformations, and IT leaders can make better technology decisions based on real-time information. With Ardoq, EAs can serve as change agents, supporting business and IT collaboration for better outcomes.

To learn more, visit www.ardoq.com.