# sevDesk

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sevdesk

- Industry: Financial Services
- Headquarters: Offenburg, Germany
- Website: www.sevdesk.de
- Total disclosed funding: $75M
- Latest round: Series B (May 19, 2021)
- Investors on record: 7

## About

Based in Offenburg, Germany, and founded in 2013 by Fabian Silberer (CEO), and Marco Reinbold (CTO), sevDesk GmbH, formerly known as SEVENIT GmbH offers cloud-based accounting software that allows users, including self-employed professionals and small business owners to completely manage their own accounting even without any prior knowledge in accounting. In January 2025, Cegid SAS, a portfolio company of Silver Lake, Altaone Capital, Oakley Capital Private Equity, and KKR, agreed to acquire sevDesk GmbH from LEA Partners, VC Fonds Baden-Württemberg, MBG Baden-Wurttemberg, Wecken & Cie, Global Founders Capital, Rocket Internet SE, and Arena Holdings. Financial terms were not disclosed. As part of the transaction, the company's management will re-invest in the business.

sevDesk GmbH offers an accounting Software-as-a-Service (SaaS) platform that allows users to automate accounting works including bookkeeping, invoicing, inventory management, VAT return filing, and digitizing all receipts in an easy and effective manner. The company’s platform also provides other functions such as online banking, cash management, creating various cost centers, and automatic evaluations.

## Funding rounds

- Series B, May 19, 2021, $61M — LEA Partners, Rocket Internet SE, Global Founders Capital, Wecken & Cie, Arena Holdings
- Series B, Aug 2, 2019, $10M — Rocket Internet SE, Global Founders Capital
- Series A, Aug 9, 2017, $3.6M — LEA Partners, MBG Baden-Wuerttemberg, VC Fonds Baden-Württemberg, Wecken & Cie

## Investors

- LEA Partners (https://capitalatlas.ai/funds/lea-partners) — Series A, Series B
- MBG Baden-Wuerttemberg (https://capitalatlas.ai/funds/mbg-baden-wuerttemberg) — Series A
- VC Fonds Baden-Württemberg — Series A
- Wecken & Cie — Series A, Series B
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series B
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series B
- Arena Holdings (https://capitalatlas.ai/funds/arena-holdings) — Series B