# Zeitgold

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

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.zeitgold.com
- Total disclosed funding: $57M
- Latest round: Series B (May 5, 2020)
- Investors on record: 10

## About

Based in Germany, Zeitgold GmbH develops innovative digital solutions for small and medium-sized enterprises, focusing on automating bookkeeping and financial management processes to streamline operations and enhance efficiency.Zeitgold GmbH is a financial technology company that specializes in creating digital solutions for financial management. Established in 2015 in Berlin, Germany, the company has completed 6 deals with its most recent funding round being a Series B in August 2021, where they raised EUR 27.00 mn led by Battery Ventures and Vintage Investment Partners. The founders, Jan Deepen and Stefan Jeschonnek, have a background in financial technology and entrepreneurship. In August 2021, Zeitgold was acquired by Deel, Inc., which is a portfolio company of several venture capital firms, marking a significant transition in its business strategy.Zeitgold specializes in providing digital solutions tailored for small and medium-sized enterprises (SMEs) in financial management and accounting. Their integrated platform automates bookkeeping and financial processes, simplifying the management of invoices and receipts, which reduces the administrative burden on SMEs. Key users of Zeitgold's services include small business owners and financial teams, particularly in the DACH region (Germany, Austria, and Switzerland), allowing them to meet specific regulatory requirements.Zeitgold generates revenue primarily through subscription-based models, offering various plans that give clients access to their financial management platform and related services. These plans are structured to ensure ongoing support, allowing businesses to manage costs effectively based on their usage and needs. In 2020, Zeitgold reported an EBITDA of EUR -14,278,784.20.Following their recent acquisition in August 2021, Zeitgold plans to expand its product offerings and enhance its services. The company is focusing on developing new features for its financial management platform to be launched within the next 12 months. Additionally, Zeitgold aims to penetrate new geographical markets beyond the DACH region, targeting expansion in the broader European market by 2023. The funds raised in the Series B round will be utilized to support these product enhancements and market expansion initiatives.

## Funding rounds

- Series B, May 5, 2020, $29M — Battery Ventures, Deutsche Bank, Vintage Investment Partners, Kreos Capital, HV Capital, b2venture, AXA Group, Saban Ventures
- Series A, Jan 21, 2019, $11M — Battery Ventures, Deutsche Bank, HV Capital, b2venture, AXA Group, Saban Ventures
- Series A, Jul 26, 2017, $12M — Battery Ventures, HV Capital
- Seed, Jun 10, 2016 — HV Capital
- Seed, Mar 30, 2016, $4.6M — HV Capital, Endurance Companies, Augusta Investments

## Investors

- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Seed, Series A, Series B
- Endurance Companies — Seed
- Augusta Investments — Seed
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A, Series B
- Deutsche Bank — Series A, Series B
- b2venture (https://capitalatlas.ai/funds/b2venture) — Series A, Series B
- AXA Group — Series A, Series B
- Saban Ventures (https://capitalatlas.ai/funds/saban-ventures) — Series A, Series B
- Vintage Investment Partners (https://capitalatlas.ai/funds/vintage-investment-partners) — Series B
- Kreos Capital — Series B