Agicap Raises €45 Million Series C Funding to Bolster Global Expansion in Treasury Management

Agicap, the all-in-one treasury management platform, has successfully closed a €45 million Series C funding round, led by AVP. This latest funding will help Agicap expand its leadership in Europe and strengthen its position as the global benchmark in midmarket treasury management.

Since its founding in 2016, Agicap has become the go-to platform for SMBs and midmarket companies looking to streamline cash management. The platform provides finance teams with real-time visibility into cash flow data and comprehensive tools that simplify complex treasury management processes.

According to Agicap’s recent survey of 500 European CFOs, 80% of midmarket firms still rely on manual, Excel-based processes for cash management. “In today’s economic landscape, effective cash management is paramount. Agicap automates this entire process, delivering insights within minutes,” said Clément Mauguet, Co-founder & Chief Expansion Officer.

Agicap supports over 8,000 companies by centralizing cash flow data with seamless bank connectivity and ERP integration. The platform offers robust cash performance tools, including optimized payment strategies and spend management. According to Co-founder & CEO Sébastien Beyet, “Midmarket companies lose an average of €450,000 annually due to inefficient cash management. Agicap’s goal is to drive this figure down to zero.”

Since its 2021 Series B funding, Agicap has expanded into DACH, Italy, the UK & Ireland, and Spain, achieving a 7x increase in revenue. Agicap aims to continue product enhancements, especially for FX risk and credit management, and expand its market presence with dedicated sales and customer success teams.

AVP’s Series C investment in Agicap is the first from its €1.5 billion late-stage fund aimed at supporting high-growth tech companies in Europe and the US. Warda Shaheen, General Partner at AVP, expressed enthusiasm for the partnership: “Agicap’s best-in-class technology and strong customer endorsements set it apart. We’re thrilled to support its global growth.”

For more information about Agicap, visit www.agicap.com/en/.