What is Zervant?
Headquartered in Espoo, Finland, Zervant offers a cloud-based invoicing solution tailored for small businesses, with a primary focus on markets including Finland, Sweden, France, Germany, and the UK. The company gained recognition in 2016 as a promising fintech startup in the Nordics, highlighting its innovative approach to financial management for its user base, which surpassed 100,000 users by that year.
How much funding has Zervant raised?
Zervant has raised a total of $6.1M across 2 funding rounds:
Angel/Seed
$1.7M
Series A
$4.4M
Angel/Seed (2015): $1.7M with participation from Nordic Venture Funds
Series A (2016): $4.4M led by Northzone and Nordic Venture Funds
Key Investors in Zervant
Northzone
Northzone is a multi-stage venture capital fund with over $1.7 billion under management, investing in over 150 companies since 1996, including notable successes like Spotify and Klarna. They focus on category-defining businesses across various economic cycles.
Nordic Venture Funds
Nordic Venture Network (NVN) is a private club of leading Nordic venture capital investors, established in 1999. It facilitates strategic relationships and serves as a forum for navigating the Nordic technology venture capital market.
What's next for Zervant?
The enterprise-level funding context suggests Zervant is poised for significant scaling and market expansion. Future strategic initiatives will likely involve enhancing its software capabilities, broadening its geographical reach, and potentially exploring new service offerings to further solidify its position as a key player in the small business financial technology sector. This capital infusion is expected to fuel product development and strengthen its competitive advantage.
See full Zervant company page
