Danish FinTech Ageras Secures €82m

Ageras, a Danish FinTech company specialising in accounting software for European small businesses, has secured €82 million in its largest investment round to date. The oversubscribed private placement will support Ageras’ growth and acquisition strategy in the European market.

The investment round saw contributions from existing investors, including Investcorp, the company’s two founders, and new stakeholders like the Norwegian state pension fund Folketrygdfondet and American asset manager Lazard. These investors accounted for about half of the total funding.

Ageras CEO Rico Andersen stated, “Our goal is to simplify the administrative and regulatory burdens for small businesses by offering a fully integrated platform for banking, accounting, and tax management.” He emphasised that mergers and acquisitions (M&A) are key to rapidly expanding their product offerings and achieving market leadership with the eventual aim of going public.

Founded in 2012 as a platform connecting small businesses with accountants and bookkeepers, Ageras has evolved into a comprehensive FinTech company with around 250 employees and a robust cloud-based software suite. The latest funding round brings Ageras’ total capital raised to nearly €200 million, positioning the company for further acquisitions and feature expansions in its primary markets: Denmark, Germany, France, and the Netherlands.