Standout Capital Invests in Tjekvik To Power New Phase of Growth for Aftermarket Self-Service Software Provider

  • Standout Capital to become majority shareholder
  • Tjekvik’s founder and management team will retain significant shareholding and remain instrumental in shaping strategy and leading a growing global team
  • The automotive digital self-service solutions provider has more than quadrupled its turnover since 2021 and currently serves over 1,700 dealership sites across 34 countries

Tjekvik, a specialist provider of digital self-service solutions for dealer aftersales departments, has partnered with Standout Capital, a Sweden-based private equity firm that invests in growing Nordic tech companies. The agreement will see Standout Capital become a majority shareholder in Tjekvik, helping the company accelerate the development of new solutions and meet fast-growing global demand.

Tjekvik has more than quadrupled its turnover since 2021. Trusted by well-reputed international dealership groups and OEMs, the company currently serves over 1,700 dealership sites across 34 countries. While Standout Capital’s investment is a significant milestone for Tjekvik, the company’s founder and management team will retain a significant shareholding in the company and will remain instrumental in defining and implementing future strategy.

Founded in 2015 by Christian Mark and Ole Møller Støvring and located in Copenhagen in Denmark, Tjekvik provides digital check-in and check-out solutions for car dealer aftersales departments. Provided on a subscription basis, the company’s technologies help workshops streamline workflows to enable superior customer experiences. Tjekvik’s self-service solutions can also be used to increase revenue, with dealers able to present value-add products and services of their choosing for customers to purchase.

Christian Mark, CEO & Co-founder at Tjekvik, said: “We see significant opportunities to continue scaling our operations to further strengthen our position. It is the right time to bring in an active growth partner. In Standout Capital we have found a team with complementary skills and vast experience in supporting B2B software companies to expand internationally.”

Filip Lidman, Investment Professional at Standout Capital, added: “We are truly impressed by Tjekvik’s customer value proposition and are pleased to get a chance to partner with Christian and the rest of the highly talented team at Tjekvik. The demand for next-generation software solutions in the automotive aftermarket industry is clear, and with its purpose-built technology, we see substantial growth potential for Tjekvik.”

To learn more about Tjekvik, please visit: https://www.tjekvik.com/            

About Tjekvik

Tjekvik produces intelligent self-service technologies for dealer aftersales departments that make check-ins and check-outs more efficient and productive, as well as creating a better experience for customers. Tjekvik allows service, maintenance and repair customers to avoid queues and check in and check out when, how and where they want – at home, in the dealership or securely outdoors. Using Tjekvik means aftersales staff can focus on the work that really matters, while the dealership benefits from increased revenue by presenting to the customer various add-on options during the digital check in / check out process. Tjekvik’ s mobile-friendly software and secure indoor and outdoor kiosks can be fully branded with an OEM or dealer’s visual identity, ensuring a seamless online-to-offline customer journey.

Present in 34 countries and with software available in 30 languages, Tjekvik technology is fast becoming a go-to solution for franchised dealerships across Europe. For more information on Tjekvik’s intelligent self-service technology, visit www.tjekvik.com

About Standout Capital

​Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies. As an active owner, our mission is to partner with outstanding companies to help them grow and succeed. Standout Capital’s investment strategy is to support digital transformation in business and society. The founders and investment team build on experience in entrepreneurship, investments and finance. www.standoutcapital.com

Contact us at Tjekvik

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