Odevo

Simplifying living by combining people and technology

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Odevo is a leading technology-enabled services group within the residential property management sector. The company has a full-suite offering including financial and technical management, as well as legal support to around 1.2 million homes across the Nordics, the UK and the US.

With an ambition of becoming the leading force globally within property management and residential services, Odevo challenges today’s industry standards with higher efficiency and customer satisfaction through a proprietary technology platform developed by its in-house tech team.

Since laying the foundation of Odevo with the acquisition of Conzignus (a software company that had over ten years developed a technology platform tailored for residential property management) in 2018, Fidelio is enabling the Group’s ambitious growth agenda, focused on increased investments in its proprietary technology platform, accelerated international expansion and the addition of new service segments.

Company info

CEO

Daniel Larsson

Head Office

Stockholm, Sweden

Employees

5,500+

Acquisition year

2018

Industry

Software / Services

Website

odevo.com

35X

Revenue growth

24X

Increase in # homes managed

25X

Increase in # tech developer resources

The why

Privately owned residential real estate is the world's largest asset class, and the home is one of the biggest investments you make as a person. Historically, privately owned residential real estate has been served by a fragmented supplier landscape, lacking the means to push innovation and customer focus. Here, Fidelio saw an opportunity to transform an entire sector.

The how

Starting in 2018, with the acquisition of Conzignus and its technology platform tailored for residential property management, it was possible to quickly build a Group through further acquisitions. The name Odevo, was launched in 2022.

By being focused on finding and partnering with well-run companies with a cultural fit, integration could be managed in an efficient way and the entities within the Group have continued operating through several well-known brands like Nabo, SBC (Sweden), MTR, Stio (Finland), Rendall & Rittner, Premier Estates, Trinity Property Group and Vegner Group (UK).

Partnering with KWPMC, Spectrum and William Douglas, Odevo has created momentum to continue to pursue growth across the United States and achieving its goal of providing industry leading service to homeowner associations in the largest market in the world. Moreover, partnering with the Open Banking platform Monu has strengthened Odevo’s technology position and further accelerated growth.

Investments in the tech platform have continued throughout and Odevo today offers bespoke solutions backed by a 100+ people strong tech team.

Strategic
initiatives

Consolidation

Bringing together leading property managers on all markets.

Geographic expansion

From the Nordics via the UK to the US.

Building a world class tech-team

100+ developers ensuring that market leadership continues.

The future potential

Odevo represents a truly unique investment. With a foundation in a proprietary software, Odevo is on the way to becoming the leading force within property management and residential services globally. Since inception in 2018, Odevo has transitioned into a company more than 100 times larger than the initial platform and the only transatlantic player in the world with leading positions across Europe and the US. Part of the strategy going forward is to continue moving vertically in the value chain and expanding the geographical reach.

"For me, Fidelio and Odevo is one team. Fidelio’s philosophy to support us through all possible phases is what truly made the difference in making Odevo an international market leader"

Daniel Larsson,
CEO, Odevo

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