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E-invoicing, SCF & E-procurement

Main Capital commits to cloud e-procurement platform Onventis

Tuesday 25 June 2019 | 12:48 PM CET

Netherlands-based private equity investor Main Capital has bought a strategic stake in cloud-based e-procurement platform provider Onventis.

The company’s software is meant to offer buyers and suppliers a user-friendly and fully-integrated platform suite to connect, automate and control the entire chain, from sourcing to payment. Onventis’ current client base includes businesses such as Kühne + Nagel, Steigenberger, Techem and Berlin Hyp. The company said it expects close to 30% year-over-year growth in 2019.

Main Capital has about EUR 450 million under management targeting investments in mature but growing software companies in the Netherlands, Germany and Scandinavia. At the end of 2018, Main Capital has announced the acquisition of a strategic stake in German RegTech software provider cleversoft.

More: Link
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