Continuing its fast expansion in major European markets, online invoicing and accounting company Zervant has secured an investment round of €1.5 million from Conor Venture Partners and existing investors.
The company will use the money to further accelerate the growth of its popular online invoicing and accounting software for micro businesses in Europe.
According to CEO Mattias Hansson, “Zervant makes it super easy for business owners to run their business as our solution creates their accounting on the fly while they do their normal daily tasks.” It allows entrepreneurs with little or no accounting experience to manage their financials significantly more quickly and more cost efficiently than traditionally.
“We have built a platform that can be configured and deployed to practically any country in a matter of weeks, and this new investment helps us to execute our growth plans and further expand into the European market.”
Manu Mäkelä, Partner at Conor Venture Partners, says “Zervant has had impressive growth, and increased its customer base rapidly during last year in a very cost efficient way. We are very happy to join the company to enable even faster growth and to realize its ambitious goals”. Manu will also join the board of Zervant.
Zervant is based in Finland and offers an invoicing and automated accounting software for microsized service businesses. The service is used by 40.000 small businesses and available in five languages. Zervant’s key markets include Sweden, Germany, France and Finland.
About Conor Venture Partners
Conor Venture Partners is an early-stage technology VC investing in the Nordics and Baltics. With 70 million euros under management Conor invests in disruptive technologies in software, embedded systems and electronics. The Conor portfolio includes companies such as Neo Technology, Sticky, Omegawave, Fits.me, BehavioSec, Tactotek, Supponor Systems, Verto Analytics and Eniram. For more information, please visit www.conor.vc.
For more information, please contact:
Manu Mäkelä, Partner at Conor Venture Partners
tel. +44 7852 333 965