Accounting firm Ageras secures $73m to ease financial needs for businesses

Investcorp-backed global asset manager company Ageras has raised $73m in new funding round from Lugard Road Capital.

The B2B accounting technology company will use the investment to accelerate international growth and enable additional acquisitions, as well as integrate its software to become a 360-degree platform for all accounting and financial needs.

Ageras also aims to develop banking services directly into its current offerings so that its platform encompasses accounting talent sourcing, digital accounting services and bank services.

The new and improved interface will enable users to control all their company’s financial requirements such as time tracking, invoicing, live on-demand P&Ls and cash flow under one dashboard.

The firm has a footprint across six countries in Europe, including the Netherlands, Germany and the Nordics, and is present in the US. It provides SaaS accounting software, as well as tools to match businesses with accountants, bookkeepers and lawyers to ease all their accounting needs – such as annual reports, bookkeeping and tax preparation.

To add on, its online marketplace aids business owners save time and money by comparing quotes from qualified accountants so they can focus on scaling their business.

With 340,000 business owner clients already, the Copenhagen-based firm was founded in 2012 and was bootstrapped for its first five years, after which Investcorp took a majority stake in 2017.

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