Sandberg Capital invests in Quantox Technology

Sandberg Capital, Slovak private equity firm which focuses on investing in smaller and middle-sized companies with growth potential, is investing EUR 20 million in Serbian IT company Quantox Technology, one of the largest regional software development houses.

Quantox was founded in 2006 by entrepreneur Vuk Popović, and currently counts more than 500 experts working from 13 development centers in 7 European countries – Serbia, Northern Macedonia, Bosnia and Herzegovina, Montenegro, Ukraine, Romania and Germany.

This is the Sandberg’s first direct investment in Serbia, which aims to further strengthen the position of Quantox in the region and accelerate its expansion abroad.

BDK Advokati team consisting of senior partner Vladimir Dašić and associate Sanja Dedović advised Sandberg Capital on this transaction.