Ageras, a Denmark-based accounting software and marketplace provider which counts financial services firm Rabobank as an investor, has received $73m from alternative asset manager Lugard Road Capital.
Founded in 2012, Ageras provides accountancy software for small and medium-sized businesses located in the United States, Denmark, Sweden, Norway, Holland and Germany. It also operates an online marketplace where businesses can find and hire accountants.
The round valued the company at approximately $244m, according to local news publication Borsen. The proceeds will enable it to speed up its expansion plans in its existing markets.
Rico Andersen, chief executive officer of Ageras, said: “Ageras has established a market-leading and best-in-class product offering that is optimally positioned for international expansion and the rising demand for automated business tools.
“This latest financing round will support our ongoing commitment to scaling the Ageras brand and bringing our software offering to new customers across the globe.”
Rabobank’s strategic investment subsidiary, Rabo Frontier Ventures, provided an undisclosed amount for the company in June 2020.
Alternative investment manager Investcorp acquired a majority stake in Ageras in exchange for an undisclosed amount in 2017. It had not received any external funding prior to the Investcorp deal.