Eletive secures growth investment from Accel-KKR

Accelerating growth with strategic investment from Accel-KKR

This partnership marks a significant milestone in Eletive’s growth journey and positions the company to accelerate its expansion and innovation. With Accel-KKR’s support, Eletive will be well-equipped to further enhance its product offerings, scale operations, and continue delivering exceptional value to customers.

As global employee engagement levels remain low and change management present challenges for organisations worldwide, high-performing companies are doubling down on people-centric, performance-driven strategies, achieving 4× the growth of their peers. In this landscape, Eletive is uniquely positioned to help HR leaders turn employee feedback into action and build stronger, more engaged teams.

Empowering organisations to build thriving workplaces

Marcus Wennmo and Nils Wilhelmsson, Co-Founders of Eletive, comments on the investment:

“We were looking for the right strategic partner to support our next phase of growth. Accel-KKR stood out for their cultural alignment, shared values, and deep expertise in software investing and scaling businesses. Building on our strong foundation in analytics, Eletive is investing heavily in AI to deliver predictive insights and personalised recommendations that empower leaders to take smarter, faster actions to strengthen engagement and performance. We’re excited about the opportunities ahead and confident that this partnership will help us take Eletive to the next level.”

Maurice Hernandez, Managing Director at Accel-KKR, adds:

"Eletive has built a scalable technology platform that addresses a critical need in today’s workplace: empowering organisations to build stronger, more engaged teams. We’re impressed by the company’s vision, product and leadership, and we’re excited to support the Eletive team as they continue to expand their impact."

Brodies LLP and MAQS served as legal advisors to Accel-KKR. Kaizen Equity Partners and Snellman Advokatbyrå served as financial and legal advisors respectively to Eletive.

Eletive is a provider of employee engagement and performance management software that helps organisations build stronger, more engaged teams. Through continuous listening, actionable insights, and AI-powered analytics, Eletive empowers HR leaders and managers to understand their people, drive meaningful change, and improve performance. Headquartered in Malmö, Sweden, Eletive serves organizations across the globe, supporting their mission to create workplaces where people thrive.

Accel-KKR is a technology-focused investment firm with over $23 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalisations, divisional carve-outs, and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago and London.