Avangate, an Amsterdam, The Netherlands-based full service provider of electronic software distribution and partner management solutions, has secured a €4m equity investment from 3TS Capital Partners.
3TS Capital Partners, which has made the investment through its Technology in Central and Eastern Europe Fund S.C.A. SICAR, informally known as 3TS Cisco Growth Fund, has acquired a minority stake in the company.
Avangate intends to use the proceeds from the investment to strengthen its global presence. The company is also committed to technology innovation.
Founded in 2005 and led by CEO Carmen Sebe, Avangate enables software companies to sell their products online as well as to manage a distribution network in a way that is efficient, customizable and locally relevant. Its solution includes a full-featured secure eCommerce platform, a partner management system as well as a worldwide affiliate network.