French expense reports, receipts, and mileage for accounting and reimbursements software provider N2F has raised €24 million in a growth investment round provided via PSG Equity.
According to the startup, the capital will be used to realise its international expansion plans, a move that will see the onboarding of some 200 new talents over the next five years, and the continued development of new products.
"We believe that this partnership with PSG marks the beginning of a new phase of growth for our business and reaffirms both the relevance of our solutions and our position as a market leader," commented N2F CEO Nicolas Dubouloz. "We are delighted to have an expert in the European Bt2B SaaS market by our side going forward; not only do we share the same values, but also the aspiration to grow the business with customer satisfaction and employee well-being at its heart."
While being initially developed for SMEs, eight years since launching, N2F has grown to cater to any and all businesses and counts a number of blue-chip European enterprises, such as Iliad, DMG MORI, and Holidu amongst its client base.