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Herbst Kinsky Advises Mangrove Capital Partners on Series-A Financing Round for Finmatics

Herbst Kinsky Advises Mangrove Capital Partners on Series-A Financing Round for Finmatics

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Herbst Kinsky has advised Mangrove Capital Partners on leading a EUR 6 million series-A financing round for accounting automation company Finmatics.

According to Herbst Kinsky, “founded in 2000, Mangrove Capital Partners is a venture capital firm based in Luxembourg. The firm invests in companies operating in the software, internet, data, and technology sectors across Europe and Israel.”

According to the firm, “in 2016, Christoph Prieler, Ulrich Troeller, and Patrick Sagmeister founded Abacus Accounting Technologies. Abacus became Finmatics in the spring of 2021 with the intention of establishing artificial intelligence for the automation of accounting as the gold standard in the long term, in order to make tedious accounting workflows easier for all accountants."

Herbst Kinsky’s team included Partner Philipp Kinsky, Attorneys at Law Carl Walderdorff and Anna-Maria Minihold, and Associate Leopold Gottsauner-Wolf.

Herbst Kinsky did not respond to our inquiry on the matter.