Ageras Group Raises €60M in Funding


Ageras Group, a global B2B accounting technology company, raised €60M in funding.

New York-based technology fund Lugard Road Capital made the investment.

The capital will allow the company, which is also backed by Rabo Frontier Ventures, to accelerate the international growth and enable additional acquisitions.

Led by CEO Rico Andersen and CMO Martin Hegelund, Ageras is a B2B technology company which provides SaaS accounting software and matches small and medium sized businesses with accountants.

The company is present across six countries in Europe (the Netherlands, Germany and the Nordics) and the US.

Ageras is very active in the Netherlands with its professional services marketplace ( and the cloud-based accounting software for microbusinesses, Tellow. The company also acquired Tellow from RFV in 2020, and as part of the transaction, RFV invested into the combined group, which now counts, Meneto (digital accounting solution), Billy (cloud-based accounting software)  and Tellow.

The company has offices in Copenhagen, Denmark, Amsterdam, The Netherlands, Munich, Germany, and Philadelphia, PA, USA.