Ageras Group Raises $34M in Funding

The Ageras Group

The Ageras Group, a Copehagen, Denmark-based small business-focused financial services software and accounting marketplace, closed a €30m ($34m) funding round.

Backers included new investors Centripetal Capital and Saeid Esmaeilzadeh, which joined existing investors Investcorp Technology Partners, Lugard Road Capital and Roosgruppen, which all are participating in the round.

The company intends to use the funds to accelerate the expansion of its marketplace and acquire other fintech software startups.

Founded in 2012 by CEO Rico Andersen and CMO Martin Hegelund, Ageras Group provides small businesses with financial services software and accounting marketplace.

The company began as the online marketplace (matching SMEs with accountants) and has expanded into a 250-person team offering a complete ecosystem of tools and services for SMEs. Today, Ageras Group offers cloud-based accounting software through the products Zervant, Billy and Tellow and payroll software through Salary. In late 2021, the group launched an embedded fintech service providing financing options to its customers directly through its software. Ageras Group’s solutions have been used by more than 1 million small businesses across Europe and the U.S.