Overview
Cashforce BV is an information technology and services company located in Herentals, Antwerp East, Belgium. The company operates in IT services and IT consulting.
Media & appearances
- The HarbourYouTubeJONAS DEPREZ & NICOLAS CHRISTIAEN (Donna) over succesvolle exits, data, business angels en VC'sNicolas Christiaen's cashflow forecasting SaaS, backed by Michel Akkermans, Volta Ventures, BNP Paribas, Citi Ventures and Inkef, sold in 2021 at the market's peak.
Stated facts & numbers
- Cashforce's seed round was €1.3 million equity plus ~€300k bank financing, instead of the originally planned €1.5 million.The Harbour 2024-11-140:43:22
- Cashforce's seed investors included business angel groups around Tim Duhamel and around the Showpad founders (Pieterjan and Louis).The Harbour 2024-11-140:43:52
- 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.The Harbour 2024-11-140:59:38
- Cashforce peaked at around 80 people and was at about 50 after Corona-driven cuts.The Harbour 2024-11-141:02:44
- The decision process to sell Cashforce started around 2021 when market players began approaching them; they first waited six months before engaging.The Harbour 2024-11-141:06:49
Funding & milestones
1 events found for Cashforce · 2019
Series AVenture / equity1 sourceEUR 5M
Reported amount EUR 5,000,000
Company-issued announcement of €5m Series A led by INKEF Capital and Citi Ventures.
Recorded history so far. Original currencies are preserved; amounts in different currencies are not added together. Debt, grants, acquisitions and listings are separate event types. Undated events appear last.
Alumni
Greet VandewalleHR Manager→People & TA Lead at Smallpdf
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