[About us]

About us

Maximum support without getting in the way, as we like to say.

Marathon is an investment company focused entirely on niche software companies. Actually, we don't think “investment company” is quite right. We see ourselves as an “acquisitive software company” and support our companies at both an operational and a strategic level.

Marathon was established in January 2023 by Tempeludden as a shared software house for the companies Tempeludden owned. Marathon has permanent capital.

Read about our values and vision →

Johan and Jonatan

We support where it's needed – not just in the board meeting

We support where it's needed – not just in the board meeting
#AreaWhat it means
01Best practices
  • To work smarter and have more fun
  • Supports every team at an operational level
  • Everything from building a “sales machine” to processes and tools
  • IT security, SaaS sales, product management and technology development are priority areas
02Knowledge sharing
  • Collaboration between the companies: topic-specific meetups, libraries, Slack channels, etc.
  • Led by knowledge leaders from our portfolio companies
03Internal AI programme
  • [M]AI Accelerator 2026 – our joint initiative to make the whole portfolio AI-driven
  • Three steps on the journey: Enablement → Implementation → Impact
04Talent acquisition
  • Active recruitment and HR support
  • Incentive programmes
  • The context – simply being part of the Marathon Software community often helps attract talent

Two programmes for every company

Beyond our board work, we run two programmes that every Marathon company can take part in.

  • [M]AI Accelerator

    Our joint initiative to make the whole portfolio AI-driven. Every company gets training and hands-on support in its AI transition, and we run projects that put AI into the companies' products.

    FocusAI transition
    StepsEnablement → Implementation → Impact
    LeadChris Tholén
  • Marathon Growth Program

    Together with the company, we diagnose its capabilities across the different parts of the sales process and where the potential for improvement lies. We usually set up a number of projects: three small ones that bring quick improvement and three large ones that bring major improvement over time. The initiatives are shaped together with the company and are the company's own to work on. We support them and follow their progress if the company wants us to. The programme is for the companies' management teams and is not something handled by the board.

    FocusOrganic growth
    FormatUsually three small and three large projects
    LeadAnna Malmgren

Partnerships and resources

The Marathon team can help “build the sales machine” or make technology development more fun and more efficient at the same time. We work actively on the boards and can help with add-on acquisitions or analysis.

  • Anna Malmgren

    Anna Malmgren

    AreaMarketing & sales
    RoleSourcing & Sales Strategy
    ProgrammeMarathon Growth Program
  • Anders Tormod

    Anders Tormod

    AreaMarketing & sales
    RolePartner in Residence
    Programme—
  • Chris Tholén

    Chris Tholén

    AreaTechnology & product
    RoleTechnology & Product
    Programme[M]AI Accelerator
  • Jonatan Darhult

    Jonatan Darhult

    AreaAnalysis
    RoleOperations & Investments
    Programme—
  • Leo Källsäter

    Leo Källsäter

    AreaAnalysis
    RoleAnalyst
    Programme—

Shared by every company

Shared by every company
#AreaResource
01Finance & accountingJoint accounting and CFO support
02CRM & sales systemDiscounts at HubSpot, support with implementation
03HRShared resources

Marathon as a partner

Our companies →

  • Marathon has been supportive and great to deal with. We enjoy being in their circle. They have helped us gain even better momentum in technology development and take important steps towards new products and markets.

    Erik HasselbergLogin Hasselberg

  • To us at laget.se, discussing ideas and initiatives with Marathon has been an important part in leveling up the company.

    Their competence and network has been crucial for us and they are also very nice to work with!

    Henrik RosvallKeeros

  • Marathon has contributed with great commitment, combined with sharp analytical skills. They have also helped us expand our organization and contributed with competence where we need it the most, partly through leveraging their vast network.

    Robert SpethzTroman

Video Marathon

Watch the video about Marathon from Redeye's event Serial Acquirers, where Richard Treffner describes Marathon's strategy, organisation and future plans.

  • Can't get enough? Here is Marathon at SEB Tech Days

On the go? Here is the Redeye talk on Spotify. ↗

Contact us

We have an ambition to develop our companies into something much more. At the same time, we are always looking for new companies to work with. Please get in touch if you have a company you think would be a good fit!

Contact us →