US-based venture capital firm Elephant and London-based peer Mosaic Ventures have led a $18m series-A round for Keelvar, a procurement software developer based in Ireland, along with participation from Paua Ventures.
Michael Holgate has been promoted to partner, while Andy Dyer is now a director
Axis Participaciones and Sofimac Innovation, through Pertinence Invest 2, also take part in the round
Acquisition of processing company, rebranded as Millhouse Berlin, is the GP's fourth deal of 2020
Sale ends a five-year holding period, during which Aurelius sold Mez's Italy-based subsidiary