The company will use the money to further accelerate the growth of its popular online invoicing and accounting software for micro businesses in Europe.

According to CEO and co-founder Mattias Hansson, “Zervant makes it super easy for business owners to run their business as our solution creates their accounting on the fly while they do their normal daily tasks.” It allows entrepreneurs with little or no accounting experience to manage their financials significantly more quickly and more cost efficiently than traditionally.

“We have built a platform that can be configured and deployed to practically any country in a matter of weeks, and this new investment helps us to execute our growth plans and further expand into the European market.”

Manu Mäkelä, Partner at Conor Venture Partners, says “Zervant has had impressive growth, and increased its customer base rapidly during last year in a very cost efficient way. We are very happy to join the company to enable even faster growth and to realize its ambitious goals”. Manu will also join the board of Zervant.