Auctus-backed Valantic buys Elements.at, funds Pimcore

As part of the deal, open-source customer experience platform Pimcore (which is 25% owned by Elements.at) has received a $3.5m series-A funding round, led by Valantic.

Pimcore will use the fresh capital to expand in the US and continue to develop its product and service.

Auctus acquired Valantic (then Dabero) in 2012, at which point it generated sales below €10m. Since then, the DACH-based software buy-and-build platform has made more than 10 add-ons and expects to generate sales in excess of €100m for 2018.

Company
Elements.at was founded in 2002 and is headquartered in Salzburg. It advises companies on their digital strategies in areas including user experience, e-commerce and digital marketing. It employs 100 people.

People
Auctus Capital Partners – Ingo Krocke (managing partner).
Valantic – Holger von Daniels (CEO).
Elements.at – Roland Dessovic, Patrick Edelmayr (managing directors).

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• Topics
• Portfolio management
• DACH
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• Build-up
• AUCTUS Management GmbH & Co KG
• Austria