• HERO Software secured €40 million led by Eight Roads Ventures, with participation from Cusp Capital and Federated Hermes.
  • Funds will expand HERO's team and support market expansion and SaaS offering enhancements.
  • The company digitizes trade business operations, from customer contact to invoicing, accessible via cloud technology.

Hannover-based HERO Software has secured €40 million in Series B funding led by Eight Roads Ventures. HERO is a SaaS platform for tradesmen SMEs (small and medium-sized enterprises) in the DACH region (Central European countries of Germany, Austria, and Switzerland).

“At Eight Roads we have witnessed many successful stories in Vertical SaaS, and HERO stands out for its comprehensive product and experienced team. We’re excited to be backing their growth journey,” said Lucile Cornet, Partner at Eight Roads Ventures.

The funding round also witnessed participation from the existing investor, Cusp Capital. Federated Hermes also participated in the investment round. 

Currently, with a team strength of 120 employees, the company aims to use the funding to expand its team. Additionally, the funds will support market expansion and further enhance its SaaS offerings, aligning with the company's mission to help small and medium-sized trade businesses succeed.

“Going forward, we are planning to make everything around financial transactions for our customers as easy and smooth as possible. Additionally, we will focus on integrating third-party tools & services to our platform to save even more time and thus improve the margins of our customers,” said Founder Dr. Kessler.

HERO Software offers comprehensive business software for trade businesses across all sectors, digitizing the entire operational process. From initial customer contact and quote preparation to project execution, documentation, and invoicing, all processes are digitally mapped and accessible on various devices through cloud technology.

In June this year, as an existing investor in Pune-based consumer lending startup Fibe, Eight Roads Ventures, along with other existing and new investors, participated in a funding round that closed at $90 million.

Edited by Harshajit Sarmah