Danish startup Ageras, a provider of recurring revenue-driven accountancy software, solutions and services to both SMEs and accountancy firms, has raised $73 million from Lugard Road Capital, the US-based alternative asset manager.
“This latest financing round will support our ongoing commitment to scaling the Ageras brand and bringing our software offering to new customers across the globe. We look forward to continuing the Ageras story in the years to come,” said Rico Andersen, Ageras’ Chief Executive Officer.
“The combination of Ageras’ mission-critical software, backed by a reputation for dependability, insights into the professional service market, an outstanding management team, paired with its cutting-edge research & development has ensured it has continued to grow its market position and deliver an accountancy ecosystem based on high-quality recurring revenue,” Gilbert Kamieniecky, Managing Director and Head of earlier investor Investcorp’s Private Equity Technology business, said in a statement.
“The additional financing secured by Ageras will help to drive international expansion and support the continued innovation of its customer offering,” Kamieniecky said.