Afinum Invested in PROLOGA Group
German-based PROLOGA Group, a software provider in the SAP partner universe focusing on the circular economy and utility industry, has announced the investment by Afinum 9 in the company.
This partnership would mark a significant milestone in the PROLOGA’s history and underscore its commitment to continuous growth and innovation. Established in 2001, PROLOGA consists of three IT companies and currently employs around 70 people across locations in Halle (Saale) and Oldenburg. The group provides support to utility and waste management companies around the globe. Afinum, founded in 2000, is an independent mid-market investor that places funds in leading and uniquely positioned medium-sized companies. The fund Afinum 9 focuses on transition and succession situations in the four verticals “Software & TMT”, “Healthcare”, “Industrial Technology” and “Consumer & Internet”.
(Published in GLOBAL RECYCLING Magazine 1/2025, Page 10)
