# Zervant

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

- Industry: Software
- Headquarters: Espoo, Finland
- Website: www.zervant.com
- Total disclosed funding: $12M
- Latest round: Series B (Feb 13, 2018)
- Investors on record: 4

## About

Zervant Oy provides invoicing software designed for sole traders and small businesses, streamlining financial processes with user-friendly features and accessibility across various platforms.Founded in 2010 in Espoo, Finland, Zervant Oy specializes in invoicing solutions for small businesses and freelancers. The company was co-founded by Mattias Hansson and Tuukka Koskinen. As of September 2021, Zervant has raised a total of EUR 6.00 mn through its Series B funding round, led by Tesi and including investors like Conor Venture Partners, NFT Ventures, and Northzone.Zervant offers invoicing software specifically tailored for sole traders and small businesses, featuring automated recurring invoices, customizable estimates, and invoice status tracking. The software is designed for ease of use in various European markets, including Germany, France, Finland, Sweden, and the Netherlands, and is accessible via online platforms and mobile applications. Users can create free accounts and utilize premium features to enhance their financial management.In 2023, Zervant reported a revenue of EUR 6,878,355.90 and an EBITDA of EUR 2,431,165.70, primarily generated through subscription plans for its invoicing services.Zervant aims to expand its market presence by launching new products and enhancing existing features. Recent funding will be utilized to support these initiatives, although specific product launch dates and targeted regions for expansion have not been disclosed. The company's latest funding round occurred in September 2021, with investors participating in the Series B funding to strengthen its growth strategy.

## Funding rounds

- Series B, Feb 13, 2018, $7.5M — Northzone, Tesi, Conor Venture Partners, NFT Ventures
- Series A, Aug 16, 2016, $4.5M — Northzone, Conor Venture Partners

## Investors

- Northzone (https://capitalatlas.ai/funds/northzone) — Series A, Series B
- Conor Venture Partners (https://capitalatlas.ai/funds/conor-venture-partners) — Series A, Series B
- Tesi (https://capitalatlas.ai/funds/tesi) — Series B
- NFT Ventures (https://capitalatlas.ai/funds/nft-ventures) — Series B