Private equity firm Cinven has agreed to invest in Ongoing Warehouse, a Swedish provider of cloud-native warehouse management systems. The deal represents the third investment from Cinven's newly launched mid-market strategy. Ongoing serves logistics-intensive companies with its software-as-a-service platform.

The co-founders will retain significant stakes in the business and continue as partners post-investment. Ongoing is headquartered in Gothenburg, positioning the company at the heart of Scandinavia's logistics hub. The investment reflects growing private equity interest in supply chain technology amid e-commerce expansion.

Warehouse management systems have become critical infrastructure for retailers and distributors managing complex fulfillment operations. With founders staying involved, Ongoing maintains continuity in serving clients across Europe and beyond. Cinven's entry signals confidence in the company's growth trajectory and market opportunity.