Ageras, Copenhagen-based company that provides accountancy software and solutions to SMEs and accounting firms, has raised $73 million from Lugard Road Capital, a US-based alternative asset manager. The Danish company currently operates in five foreign markets: Sweden, Norway, the Netherlands, Germany and the US. The new investment will fuel further growth as Ageras continues to “capitalise on the rising demand for automated business tools”.
Ageras was founded in 2012 and bootstrapped for five years, at which point Investcorp acquired a majority stake in the business. Since then, according to Crunchbase, the company has made two acquisitions of its own: Billy APS and Tellow.
Photo by Gregers Tycho: Ageras co-founder and CEO Rico Anderson