XAnge leads $3m investment in Sweagle

An unnamed US-based enterprise software company also invested in the round alongside XAnge. XAnge drew capital from its XAnge Digital 3 fund, a €90m vehicle that held a final close in December 2018.

The fresh capital will be used to expand Sweagle’s teams in the UK and the US and invest in product development.

Company
Sweagle was founded in 2017 and is headquartered in Kampenhout, Belgium. The company provides software on a subscription model to help companies with data management.

People
Xange Private Equity – Nicolas Rose (partner).
Sweagle – Mark Verstockt (CEO).

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• Topics
• Expansion
• Benelux
• Technology
• Venture
• XAnge Private Equity
• Belgium