- Funding Round: Danish fintech Ageras has raised €82 million in a private investment round to support future acquisitions and expand its product offerings.
- Investors: Global investment manager Investcorp, along with two unnamed founders and existing backers, contributed approximately 50% of the investment. US-based asset manager Lazard and the Norwegian state pension fund Folketrgdfondet also participated.
- Company Background: Founded in 2012 by Martin Hegelund and Rico Andersen, Ageras provides cloud-based solutions for accounting, payroll, banking, finance, and invoicing. It serves over 300,000 European SMEs across France, Germany, the Netherlands, and Denmark.
- Utilization of Funds: The newly secured funds will be used for the company’s acquisition strategy and to expand its product offerings.
- Financial Goals: Ageras aims to increase its Annual Recurring Revenue (ARR) to €100 million in the near future. It hints at the possibility of considering an IPO once it achieves this milestone.
- Previous Funding Rounds: This investment round marks Ageras’s sixth and largest to date, bringing its total funding since inception to nearly €200 million. In 2022, the company closed a €30 million round in February and secured €35 million in growth capital financing from CIBC Innovation Banking in August.
