About Ageras
Ageras is a company based in Philadelphia (United States) founded in 2012 by Rico Andersen and Martin Hegelund was acquired by Investcorp in March 2017.. Ageras has raised $232.57 million across 10 funding rounds from investors including Canadian Imperial Bank of Commerce, Lazard and Centripetal Capital Partners. Ageras has completed 5 acquisitions, including Billy, Employes and Shine. Ageras offers products and services including Invoicing, Accounting, Banking, Taxes, and Reporting. Ageras operates in a competitive market with competitors including Business.com, Semutong, QuiqPro, Tax Itda and Organisse, among others.
- Headquarter Philadelphia, United States
- Founders Rico Andersen, Martin Hegelund
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ageras A/S
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Annual Revenue
$15.82 K (USD)48as on Dec 31, 2021
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Net Profit
$-27.39 K (USD)-162as on Dec 31, 2021
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EBITDA
$-27.33 K (USD)-169as on Dec 31, 2021
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Total Equity Funding
$232.57 M (USD)
in 10 rounds
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Latest Funding Round
$87.87 M (USD), Series D
Apr 30, 2024
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Investors
Canadian Imperial Bank of Commerce
& 8 more
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Employee Count
Employee Count
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Investments & Acquisitions
Billy
& 4 more
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Acquired by
Investcorp
(Mar 15, 2017)
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Products & Services of Ageras
Ageras offers a comprehensive portfolio of products and services, including Invoicing, Accounting, Banking, Taxes, and Reporting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Streamlines billing with professional invoices and automated payments.
Tracks expenses and reconciles accounts for small businesses.
Offers free business accounts and real-time transfers.
Automates VAT submissions and minimizes tax-related fines.
Provides real-time overviews of business performance data.
Facilitates invoice financing and credit lines for businesses.
Handles payroll calculations and employee tracking simply.
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Funding Insights of Ageras
Ageras has successfully raised a total of $232.57M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $87.87 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series D — $87.9M
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First Round
First Round
(31 May 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series D - Ageras | Valuation | Investcorp | |
| Aug, 2022 | Amount | Debt – Conventional - Ageras | Valuation |
investors |
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| Jul, 2022 | Amount | Series C - Ageras | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ageras
Ageras has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Lazard and Centripetal Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment services are offered to early-stage technology and impact companies.
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Founded Year | Domain | Location | |
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Private equity, real estate, and credit investments are managed globally.
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Founded Year | Domain | Location | |
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Venture capital focused on internet, software, consumer, and technology sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ageras
Ageras has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Billy, Employes and Shine. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Shine is recognized as an online professional banking service.
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2017 | ||||
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Cloud-based HRMS solutions are delivered for enterprises and SMBs.
|
2016 | ||||
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Bookkeeping is automated for online stores via integrated platforms.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ageras
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ageras Comparisons
Competitors of Ageras
Ageras operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Business.com, Semutong, QuiqPro, Tax Itda and Organisse, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Accounting and invoice software comparison platform for small businesses
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| domain | founded_year | HQ Location |
A platform for comparing and selecting tax accountants.
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| domain | founded_year | HQ Location |
A community platform connecting clients with professionals.
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| domain | founded_year | HQ Location |
Serves as a platform for comparing tax options for businesses and individuals.
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| domain | founded_year | HQ Location |
Serves as an online marketplace for discovering finance professionals and related jobs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ageras
Frequently Asked Questions about Ageras
When was Ageras founded?
Ageras was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Ageras located?
Ageras is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Who is the current CEO of Ageras?
Rico Andersen is the current CEO of Ageras. They have also founded this company.
Is Ageras a funded company?
Ageras is a funded company, having raised a total of $232.57M across 10 funding rounds to date. The company's 1st funding round was a Series C of $3.28M, raised on May 31, 2015.
What is the annual revenue of Ageras?
Annual revenue of Ageras is $15.82K as on Dec 31, 2021.
What does Ageras do?
Ageras was established in 2012 and is headquartered in Philadelphia, United States. An online marketplace is operated by the company, where small businesses are matched with accountants and bookkeepers. Services focus on facilitating connections for financial advisory needs across multiple regions. The platform is led by co-founders Rico Andersen as CEO and Martin Hegelund as CMO, with operations centered on streamlining accounting procurement for users.
Who are the top competitors of Ageras?
Ageras's top competitors include Business.com, Semutong and QuiqPro.
What products or services does Ageras offer?
Ageras offers Invoicing, Accounting, Banking, Taxes, and 3 more products and services.
How many acquisitions has Ageras made?
Who are Ageras's investors?
Ageras has 9 investors. Key investors include Canadian Imperial Bank of Commerce, Lazard, Centripetal Capital Partners, Saeid Esmaeilzadeh, and Investcorp.
What is Ageras's valuation?
The valuation of Ageras is $151.98M as of Feb 2021.
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