HERO Software funding news – Hannover-based HERO Software Sercures €40Million in a Series B Round Funding
Jul 12, 2024 | By Startup Rise EU
![Hannover-based HERO Software, a SaaS platform for tradesmen SMEs in the DACH region, Sercures €40million in a series B round funding led by Eight Roads Ventures. In addition to the lead investor, existing investor Cusp Capital, Federated Hermes also participated in the round.](https://startuprise.co.uk/wp-content/uploads/2024/07/Hannover-based-HERO-Software-Sercures-E40Million-in-a-Series-B-Round-Funding.webp)
Hannover-based HERO Software, a SaaS platform for tradesmen SMEs in the DACH region, Sercures €40million in a series B round funding led by Eight Roads Ventures. In addition to the lead investor, existing investor Cusp Capital, Federated Hermes also participated in the round.
SUMMARY
- Hannover-based HERO Software, a SaaS platform for tradesmen SMEs in the DACH region, Sercures €40million in a series B round funding led by Eight Roads Ventures.
- The cloud-based remedy HERO Software GmbH is the company that manages the HERO brand and product.
Lucile Cornet, Partner at Eight Roads Ventures, says, “At Eight Roads we have witnessed many successful stories in Vertical SaaS, and HERO stands out for its comprehensive product and experienced team. We’re excited to be backing their growth journey. We strongly believe that vertical SaaS will enable entire industries to become more digital and sustainably successful – which is one of our investment thesis’ at Eight Roads Ventures.”
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Dr. Maximilian Rowoldt, General Partner at Cusp Capital, adds, “Michael and Philipp are building a best-in-class product, an incredible team, and achieving strong commercial traction – it has been a pleasure to witness their growth since leading their Series A. One of the beauties of building an industry-specific operating system is the potential to add functionalities on top of the core software and the resulting levers that enhance your customer’s success. We look forward to continuing to support the entire HERO team in implementing its ambitious strategy.”
With the additional money, HERO Software will be able to grow its workforce by adding to its 120-person staff, entering new markets, and improving its SaaS product even more. The investment will help the business achieve its goal of enabling small and medium-sized trade enterprises to prosper.
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Founder Dr. Kessler, says, “Going forward, we are planning to make everything around financial transactions for our customers as easy and smooth as possible. Additionally, we will focus on integrating third-party tools & services to our platform to save even more time and thus improve the margins of our customers.”
About HERO Software
The cloud-based remedy HERO Software GmbH is the company that manages the HERO brand and product. They are a cloud-based software-as-a-service (SaaS) development company situated in Hanover that has been growing steadily in recent years, serving craftsmen from Germany and other European nations with our cutting-edge solutions. Hero is frequently used since it is in demand in the trades of artisans, such as roofers, painters, electricians, and others.
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