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Ageras Group Raises $34M To Fuel Expansion Of Its One-And-Done Financial Cockpit For Small Businesses

Feb 17, 2022•over 3 years ago

Amount Raised

$34 Million

Copenhagen

Description

The Ageras Group announced today that it closed a €30-million ($34-million) round raised from a group of European and American investors. Among seven new investors, Centripetal Capital and Saeid Esmaeilzadeh are participating and joining existing investors Investcorp Technology Partners, Lugard Road Capital and Roosgruppen, which all are participating in the round. The capital will help Ageras accelerate the expansion of its small business-focused financial services software and accounting marketplace.

Company Information

Company

Ageras Group

Location

Copenhagen, Capital Region Of Denmark, Denmark

About

Ageras Group was founded in 2012 by serial entrepreneurs Rico Andersen and Martin Hegelund, who between them have 25 years of experience building internet companies. Ageras Group’s vision is to enable success for small businesses by simplifying their administration. By integrating its solutions into a single “cockpit” for invoicing, accounting, payroll and financing, it enables entrepreneurs to focus on running their businesses. Ageras Group began as the online marketplace Ageras.com (matching SMEs with accountants) and has expanded into a 250-person company offering a complete ecosystem of tools and services for SMEs. Today, Ageras Group offers cloud-based accounting software through the products Zervant, Billy and Tellow and payroll software through Salary. In late 2021, the group launched an embedded fintech service providing financing options to its customers directly through its software. Ageras Group’s solutions have been used by more than 1 million small businesses across Europe and the U.S.

Funding Insights

Based on industry data
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