Ageras, an international accounting software platform, has raised EUR 82 million to fuel future acquisitions. The transaction was structured as a private placement of new shares directed towards institutional investors. The offering was supported by existing investors, including the company’s largest shareholder, Investcorp, as well as new investors, including Lazard Asset Management, Investering & Tryghed and Folketrygdfondet, among others.
The proceeds from the private placement are intended to fund future acquisitions in Europe to further expand the company’s product offering in its core markets of Denmark, Germany, the Netherlands and France. The company intends to publicly list the company in the Nordics within the next 24 months.
About Ageras
Ageras in an international accounting software company founded in Denmark in 2011. The company offers full suite accounting software to small business owners, including accounting software modules for invoices, expenses, payroll, tax and financial services. The company’s core markets include Germany, France, Netherlands and Denmark. The company has as of December 2023 realised EUR 41 million in run-rate revenue.