ClusterSeven, the enterprise spreadsheet management software provider, has announced that Quester, a leading UK venture capital company, has invested £2.4m in the company. The funds will be invested in product development and in ClusterSeven’s expansion in the US.
Deal will be the second add-on acquisition for Danoffice since Agilitas's buyout of the company in November 2017
Bowmark will provide additional funding of £100m to fund the company's add-ons acquisitions
Exit represents an 18x return on Octopus's initial investment and a 9x return on its total investment
Deal follows M&A litigation initiated after coronavirus uncertainty and financing difficulties