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Deal Announcement | Growth Financing Sherpany

by Montis CF

 

DEAL ANNOUNCEMENT | MONTIS Corporate Finance advises Agilentia AG (Sherpany) on its successful growth financing round
 
The proceeds of this growth financing round will be used to invest in adjacent product categories and scale sales and marketing activities to further establish Sherpany on a European level. Sherpany’s Software-as-a-Service (“SaaS”) meeting management solution enables over 350 enterprise customers to organize meetings more efficiently to take decisions faster and remain compliant with corporate guidelines.

Zurich/Frankfurt Main, 20 July 2020

Sherpany, a European leader of meeting management software, has successfully closed its growth financing round led by a highly successful Swiss entrepreneur and Cadence Growth Capital. The investors will partner with Sherpany’s management team to further accelerate Sherpany’s product innovation, grow its network, enhance sales and marketing efforts, as well as continue strengthening its position in Switzerland and the rest of Europe while focusing on Germany, France, Italy and UK.

Sherpany, headquartered in Zurich (Switzerland), with over 110 employees across offices in Berlin, Lisbon, Milano, Paris, Wrotzlaw and Zurich, is a SaaS provider that helps directors increase the productivity of their formal leadership meetings through agile meeting management and technology. Sherpany’s ultimate goal is to help enterprises #GetTimeBack by offering a digital transformation solution of how to plan, conduct and post-process meetings. The company supports a European customer base of more than 350 customers which amongst others comprises Arkema, Axpo, Borealis, Clariant, Firmenich, Hilti, ING, Röchling, RKW, Helvetia, SwissRe, Zurich Airport and Zurich Insurance Group. The impressive track record across several industries such as energy, banking, pharma, healthcare, construction or retail shows that Sherpany’s solution is universally applicable.

For Tobias Häckermann, CEO and Co-Founder of Agilentia AG, the transaction is another important milestone in the company’s development: "We are excited about the partnership with our new investors and look forward to working with them to fulfil our joint vision to serve enterprises around the world with our agile meeting management solution. COVID-19 further underlined the importance of digital solutions such as Sherpany and the new funds will enable us to take advantage of this huge market potential. We would like to thank the MONTIS Corporate Finance team that was instrumental in preparing and managing this structured growth financing process.“

Leonard Clemens, Managing Director and founder of Cadence Growth Capital , explains: "We are incredibly excited to back Sherpany’s world-class founding team and to invest alongside a highly successful Swiss software entrepreneur, the European Investment Fund (“EIF”) and existing investors. We look forward to partnering with Sherpany and to supporting its ongoing international expansion.”

MONTIS Corporate Finance acted as exclusive financial advisor to Agilentia AG (Sherpany).

The parties have agreed not to disclose any details of the transaction.

 
About Agilentia AG (Sherpany) (www.sherpany.com)
Agilentia AG, headquartered in Zurich (Switzerland), was founded in 2010 and is today led by Co-founder Tobias Häckermann (CEO), Tania Thiebach (CFO), Mathias Brenner (CTO) and Andrea Ratzenberger (VP Sales & Marketing). Agilentia’s main product is Sherpany – the leading meeting management tool that aims at stopping the corporate meeting madness at large and midsize enterprises and makes sure that every meeting counts. Based on a state-of-the-art software platform, Sherpany facilitates the creation, preparation and organization of meetings as well as follow-ups such as minutes, tasks and decisions. It thus allows a company’s board and top management to handle meetings in an efficient, intuitive, elegant, secure, and reliable way. As of today, more than 110 employees in six European offices ensure a smooth meeting management for more than 350 renowned enterprise clients in various industry sectors across Europe.
 
About Cadence Growth Capital (www.cadencegrowthcapital.com)
Cadence Growth Capital (CGC) is a DACH (German speaking countries) focused growth private equity firm with a focus on partnering with software and technology-enabled companies with strong organic and inorganic growth prospects. CGC provides expansion capital, operating expertise and access to its extensive network of entrepreneurs with a view to help transform innovative businesses into lasting, category-defining leaders. The partners at CGC have been investors in more than 20 transactions with a combined investment experience of more than 30 years. Sherpany has been the first investment in the Cadence Growth Capital Fund I.
 
About MONTIS Corporate Finance (www.montis-cf.com)
MONTIS Corporate Finance offers corporate finance advisory services with a focus on M&A and private equity/ venture capital in the areas of software, information technology, digital, media & Internet, consumer & retail, industrials and business services. The team disposes of many years of experience, a strong track record as well as an excellent international network to financial investors and strategic buyers. MONTIS Corporate Finance has offices in Frankfurt am Main and Aschaffenburg, Germany.

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MONTIS Corporate Finance brings together two M&A advisory firms that were founded in 2018 by experts from leading national and international corporate finance boutiques.

We offer corporate finance advisory services with a focus on M&A and private equity/ venture capital in the areas of software, information technology, digital, media & internet, consumer & retail, industrials and business services.

The team members combine many years of professional experience in trade sales and financings as well as an excellent international network of financial investors and strategic buyers.

The MONTIS Corporate Finance companies are located in Frankfurt am Main and close to Aschaffenburg.

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