Fintech Startup Ageras Secures €82 Million in Funding – FUNDING NEWS

Ageras provides accounting software to over 300,000 small businesses. By using its solutions—which combine accounting, payroll, banking, and finance tasks into a single cockpit—business owners can focus on managing their operations. Lazard and Folketrygdfondet made contributions to the financing, which was led by Investcorp.

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CEO Rico Andersen, negotiations are already underway with several potential acquisition targets "We want to make it easier to be a small business in an increasingly difficult administrative and regulatory landscape by offering a fully integrated platform where companies can manage their banking, accounting and tax in one financial cockpit. To deliver faster on that vision, M&A is an integral part of our strategy, where we have acquired technology and thus expanded our product faster than if we built everything from scratch. Currently, we see an attractive pipeline of potential acquisitions emerging, and the ones we eye reinforce our vision and goal 100 per cent; to become market leader and then go public.”

Gilbert Kamieniecky, Head of Private Equity Europe at Investcorp said, "We remain impressed with the growth and strategic development of Ageras since our first investment in 2017. Therefore, we are excited to lead this investment round, which enables more accretive M&A to expand the product offering and gain market share."

About Ageras

At Ageras, they provide the finest ecosystem possible to support small and microbusinesses' financial needs, enabling their success. They are an ambitious network of fintech firms that operate across 12 countries in Europe and the US, with over 350 workers, and they have managed to keep their start-up mentality.