Cresco Advises Smartfin on $17 Million Series A Investment in Emma Technologies

Cresco is delighted to have acted as legal counsel to Smartfin in its role as lead investor in a $17 million Series A funding round for Emma Technologies, a Luxembourg-based cloud management platform. This round, which also included RTP Global and existing investors, raises Emma’s total funding to €21 million.

Emma Technologies leverages AI-driven automation and multicloud tools to optimize infrastructure, reduce costs, and enhance agility. Since launching its product in 2022, Emma has gained strong traction across sectors like fintech and healthcare. With this funding, the company plans to accelerate product development, expand its go-to-market efforts, and establish a dedicated R&D center, while preparing to enter the U.S. market.

The Cresco deal team was led by Glenn L’hoëst and included Emma De Brabandere, Marie Vercambre, and Aida Kaloci. Cresco is proud to have supported Smartfin in this significant milestone and looks forward to Emma’s continued success in revolutionizing cloud management.

Smartfin, a leading European venture capital firm, provided this investment through its Smartfin Capital III Fund. Focused on financial technology, enterprise software, and sustainability, Smartfin empowers growth-stage companies delivering transformational solutions globally. Based in Belgium, the fund supports businesses that enhance operational efficiency and foster innovation.

Congratulations to the Emma Technologies team (Dmitry Panenkov) and its existing investors (Jelmer de jong), and special thanks to Smartfin (Harry Haeck & Thomas Depuydt) for their trust and collaboration.

More information on this transaction can be found on Tech.eu and EU-startups.com.

For additional inquiries, please contact Glenn L’hoëst.