Northcap in DKK 23m series-B for Colego

The investment comes less than three months after Northcap injected DKK 15m into Colego from its DKK 524m third fund, NCP-IVS III. The most recent round brings the total raised by the three-year-old company to DKK 38m.

Colego will use the fresh cash to accelerate its growth and hire additional developers to build apps for its platform. The capital will also support the company's expansion in the Danish and German markets.

Telecommunications entrepreneur Peter Mægbæk also participated in the round.

Company
Colego offers an online platform for people in need of a specific service to receive bids from businesses in that sector.

The company was founded in 2012 and connects prospective customers to businesses across 44 industry sectors, including builders, painters, accountants, engineers and property services.

Based in Copenhagen, Colego employs 65 people.

People
Northcap's Rasmus Bjerngaard led the investment for the VC. Martin Lavlund is the founder and CEO of Colego.

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