Cashforce
Cashforce BV is an IT services and consulting company based in Herentals, Belgium.
Cashforce BV is an information technology and services company located in Herentals, Antwerp East, Belgium. The company operates in IT services and IT consulting.
Stated facts & numbers
- Cashforce's seed round was €1.3 million equity plus ~€300k bank financing, instead of the originally planned €1.5 million. (0:43:22, The Harbour 2024-11-14)
- Cashforce's seed investors included business angel groups around Tim Duhamel and around the Showpad founders (Pieterjan and Louis). (0:43:52, The Harbour 2024-11-14)
- Banks investing in Cashforce had to stay under a 25% ownership threshold (they played with ~24%) to avoid consolidating the stake on their balance sheet. (0:59:38, The Harbour 2024-11-14)
- Cashforce peaked at around 80 people and was at about 50 after Corona-driven cuts. (1:02:44, The Harbour 2024-11-14)
- The decision process to sell Cashforce started around 2021 when market players began approaching them; they first waited six months before engaging. (1:06:49, The Harbour 2024-11-14)