News – Venture Capital & Private Equity practice
21 April 2017
Cresco assisted Silverfin in the negotiation, structuring and closing of its EUR 4.5mio series A investment round led by Index Ventures. Existing investors Minos Capital and Showpad founders Pieterjan Bouten and Louis Jonckheere also participated in the round.
Silverfin develops a unique real-time connected accounting platform that largely automates and standardizes core accountant functions. With a customer base of over 400 customers and recurring revenues of approximately EUR 2.5mio, the company intends to use the newly raised funds to accelerate product development, to expand the team and to expand its activities to the United Kingdom.
Pieter Capiau and Wim Van Berendoncks constituted the deal team for this transaction. Cresco acts as key counsel and strategic guide to Silverfin and provides legal support and advise on its technology transactions.
For any further information or questions, please contact Pieter Capiau.