Flowers’ software helps companies digitalize and automate processes in business areas such as contract management or invoice approval. In the past, the startup raised over 3.2 million euros from investors such as La Famiglia and LEA Partners. Now an additional six million comes in a round led by Capmont Technology. LEA Partners is once again a participant, expanding its existing stake in Flowers significantly as co-lead of the financing round.
With the new financial resources, the team around founder and CEO Andreas Martin aims to advance product development. In addition, the core areas of digital invoice approval, contract management, and digital document management are to be further developed and market presence expanded. According to its own information, Flowers Software already supports over 500 medium-sized companies.
Andreas Martin, founder and CEO of Flowers, comments:
“We are proud that Capmont Technology as lead investor and LEA Partners as co-lead investor share our vision and place great confidence in us and our software. This financing round enables us to accelerate our growth even further and strengthen our position as a leading provider of efficient workflow software for medium-sized companies.”
Capmont Technology sees great potential in the technology and business model of the startup, as confirmed by Matthias Roth, partner at Capmont Technology:
“Flowers has already proven that with their innovative solutions they create clear added value for medium-sized companies and sustainably support them on their path to digitalization and automation of numerous workflows. We look forward to accompanying the growth of this promising company.”
LEA Partners, who have already invested in Flowers in the past, demonstrate through their renewed participation their continued confidence in the company and its future prospects. Moritz Pagel, investor at LEA Partners, adds:
“We are convinced of the team’s performance and Flowers’ innovative strength. That’s why we’re very pleased to continue being part of this success story.”
