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Karnov Group

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Leading provider of mission critical information in the areas of legal, tax and accounting, and environmental, health and safety

Copenhagen, DenmarkFounded 1867Fintech
Valuation $1.10B Market cap · 2026
Revenue $309M Latest reported FY
EBITDA $191M Latest reported FY

About Karnov Group

The story of Karnov Group begins not with a tech startup, but with a foundational belief in access to the law. In 1924, Magnus Karnov published his first collection of Danish laws, aiming to make legal information accessible to everyone. This publication, later named Karnovs Lovsamling, became the bedrock of the company, establishing a brand synonymous with legal expertise. For decades, the company built its reputation on publishing annotated law collections. The playbook was simple: provide essential, high-quality legal information. The turn of the century brought a critical inflection point. In 2001, the company launched Karnov Online, marking a strategic shift from a traditional publisher to a digital-first information provider. This pivot was crucial, setting the stage for future growth. The next chapter was driven by private equity. In 2012, Karnov Group was acquired from Thomson Reuters by GMT Private Equity, and later by Five Arrows Principal Investments in 2015. This period saw significant expansion through a series of acquisitions, strengthening its market position in Denmark and Sweden. A major milestone was reached on April 11, 2019, when Karnov Group went public with an IPO on Nasdaq Stockholm. This event solidified its transformation into a leading digital provider of mission-critical information for legal, tax, and accounting professionals, a long way from its origins as a single collection of laws.

Source: Dealroom company data

At a glance

Status
Listed
Founded
1867
Headquarters
Copenhagen, Denmark
Listing
IPO 2019
Employees
262
Open positions
None listed
Dealroom signal
27.7/100
Industry
Legal, Fintech
Sub-industry
Financial Management Solutions
Sector
Fintech, Human Resources, Accounting, Tax
Client focus
b2b
Investment activity
2 companies, latest Oct 2021
Capital deployed
—
Preferred round
ACQUISITION

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO EQUITY✓Other financing Jul 2025 $0 — Vor Capital ↗
POST IPO DEBT✓Debt Jun 2023 $297M — BBVA · DNB · Nordea Bank · Nordea Finans Danmark ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $309M -3.4% $191M 62% $117M 38.1%
2025 $320M +1.9% $191M 59.8% $117M 36.8%
2024 $314M +4.8% $66M 21.1% −$4M -1.3%
2023 $299M +122.2% $67M 22.4%
2022 $135M +26.8% $35M 26.2%
2021 $106M — $40M 37.5%
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Growth signals

Karnov Group website traffic

Latest recorded traffic for Karnov Group is 11K monthly website visits, down 79.6% over the last three months. Karnov Group's team grew 0% over the past year.

Latest monthly visits11K 3-month web change-79.6% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later5 investors entered at this stage

  • BBVA
  • DNB
  • Nordea Bank
  • Nordea Finans Danmark
  • Vor Capital

Other known investors1 additional known investor

  • GMT Communications Partners LLP
Team profiled 12 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇩🇰 Denmark · Copenhagen HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Karnov Group on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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