Flow Partners advises Arena Holdings
€50 million investment into sevDesk,
a cloud accounting software provider
New York, NY, US / Offenburg, Germany — 25 May 2021
Flow Partners acted as a financial advisor to a private and public companies investor Arena Holdings, providing a commercial due diligence in relation to the €50 million growth investment into sevDesk, a leading German cloud-native accounting platform for self-employed, freelancers, and small businesses.
sevDesk is a leading cloud-based smart accounting software solution tailored to freelancers and micro-businesses (fewer than 10 employees) operating in Germany and Austria.
The company's accounting software uses AI to scan and automatically manage all documents through an application, whether for single or double bookkeeping, generates revenue surplus without a tax consultant, manages all the cashbook, reporting, customers and also calculates the profit and loss automatically, enabling self-employed and small businesses with realtime insights and facilitate their entire accounting process online.
sevDesk raises €50 million growth round from LEA Partners, Wecken & Cie., technology Global Founders Capital, Arena Holdings, and Carsten Thoma.
About Arena Holdings
Arena Holdings is a permanent capital investor in exceptional private and public companies at the forefront of technology-enabled innovation. Arena’s approach is designed to provide value to company management as an unconflicted and unlimited-duration partner. Selected investments include Snowflake, Procore, Mambu, Spinny, Celonis, Sea Limited, Meituan, Freee and Square.
About Flow Partners
Flow Partners is a new-age technology advisory boutique, providing transaction advice to the companies and investors that shape up the global digital ecosystem. Founded in 2020, the firm operates worldwide and has presence in London, Berlin, Warsaw and Miami. For more information, please visit www.flowpartners.io.
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