Main Mezzanine backs Spotzer

Spotzer opted for mezzanine financing due to the high revenue growth it has recently experienced, unquote" understands. The company recorded a growth rate of almost 100% in the last year, resulting in €20m of sales projected for 2017.

The company is backed by Sierra Ventures and Atlas Invest but has not previously raised debt financing.

Main Mezzanine has taken a minority equity position in the company as part of the deal.

The fresh capital will be used to finance Spotzer's international expansion plan. The primary focus of this will be recruitment in the operational and product development teams.

Company
Spotzer was founded in 2006. It is a digital marketing and strategy consultant based in Amsterdam with offices in the US, Bulgaria and Australia. The company has built websites for more than 80,000 clients in 18 countries. It also offers Google AdWords and Bing campaigns, copywriting and search engine optimisation services. Spotzer employs 250 people.

People
Main Mezzanine Capital – Lars van't Hoenderdaal (managing partner).
Spotzer – Peter Urmson (CEO).

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• Topics
• Expansion
• Benelux
• Technology
• Mezzanine
• Main Capital