Zervant Raises Second Angel Round

    Zervant has announced they have closed their second angel round. While the specific details of this recent round are scarce, they do share that during the last 2 years Zervant has raised over €1 million from private investors and governmental funds in Finland. The company’s cloud service offers a complete package for small businesses including time tracking, invoicing, and bookkeeping. Next month they will launch their services to mobile customers, and later in 2012 Zervant will start distributing 3rd party services to small businesses through their platform.

    Mattias Hansson, CEO of Zervant says that the platform has really taken off without much marketing. “There is a significant growth in micro sized businesses and we provide a tailored tool to serve this niche market of about 30 million companies in Europe. The service was launched a year ago and have since attracted thousands of local micro sized businesses in 25 countries. Our growth rate has jumped with 300% in the last 2 months. This is remarkable as the growth has been completely organic.”

    With roughly 80% of their customers from Finland, the company tells us they are now seeing strong demand in Sweden and the UK as well. Zervant plans to expand to other European countries in the near future, and is localized in English, Finnish, and Swedish.