Fortino backs Maxxton

Fortino is currently investing from its Fortino Growth Capital II vehicle, which held a first close on €125m in 2017. The fund makes investments of €5-25m in Benelux-based businesses that are going through digital transformations and plan to geographically expand, with turnovers of €5-10m.

The company has previously focused on developing software for large vacation and short-term rental managers such as Roompot, Novasol and Castle Resorts. The fresh capital will now be used to further expand internationally and strengthen the company's presence in adjacent segments such as in vacation rentals, holiday parks and services apartments. The company also plans to strengthen its commercial organisation and broaden its product offering.

Company
Headquartered in Middelburg and founded in 1998, Maxxton employs 200 people. It offers a software-as-a-service platform to simplify booking processes for hospitality managers.

People
Fortino Capital Partners – Matthias Vandepitte (partner).
Maxxton – Jean-Pierre Mampaey (founder, CEO).

Advisers
Equity – Orange Cover (legal); PwC (financial due diligence, tax).

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