Nauta injects €800,000 into GetApp.com

GetApp.com aims to become the preferred site of SMEs looking to discover applications and software as a service (SaaS) vendors wanting to sell online.

This cash injection – channelled via the $150m Nauta III fund, which closed in June – will help the business expand its services, hire more staff and further establish its position in the multi-billion euro SaaS marketplace. The firm will be able to increase its spend on both R&D and product commercialisation and may consider expanding across Europe at a later date.

Having had a pre-existing relationship with GetApp.com's founders, Nauta cited the ever-growing number of business application developers as the impetus for its investment. SMEs are increasingly adopting web-based applications to replace or complement their existing software as a way of reducing costs and improving productivity.

Nauta now holds a minority stake, while the management retains a majority.

Company
Barcelona-based GetApp.com is a marketplace for cloud-based business applications. The software it specialises in aims to help SMEs manage the following aspects of their businesses: customer relationship management, employee and client collaboration, marketing automation, customer support, project management, human resources, accounting and business intelligence.

Since launching in 2010, the company has worked with more than 1,500 SaaS vendors, as well as providing services to more than 60,000 businesses per month. It employs a staff of 11.

People
Carles Ferrer, general partner, led the deal for Nauta. Christophe Primault, CEO, and Manuel Jaffrin are the co-founders of GetApp.com.

Legal
Equity – Garrigues (Legal).

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