Copenhagen-based Ageras secures €82M to help small businesses simplify their administration
Summary
Copenhagen-based Ageras, a fintech company that provides accounting software to European small businesses, announced that it has raised €82M in an oversubscribed private placement round. They sold Få Det Gjort and founded Ageras, a group of companies with a vision to enable success for small businesses. “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”, says Rico Andersen Ageras was founded in 2012 as an online marketplace matching small businesses with accountants and bookkeepers, however, has today grown into a fintech company with approximately 250 employees and a comprehensive cloud-based software product. Despite stating that it did not require further funding towards the end of 2023, the company has found the current market conditions favourable to continue its acquisition strategy and offer new features to its growing customer base in Denmark, Germany, France, and the Netherlands. Therefore, we are excited to lead this investment round which enables more accretive M&A to expand the product offering and gain market share”, says Gilbert Kamieniecky, Head of Private Equity Europe at Investcorp.