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POELLATH advises Cusp Capital on EUR 40 million Series B financing round for HERO Software

Hanover-based HERO Software GmbH (“HERO Software”), a leading provider of software solutions for trade businesses in the DACH region, has successfully closed a EUR 40 million Series B financing round. The financing round is led by Eight Roads Ventures, with additional participation from Federated Hermes, Inc. and existing investor, Cusp Capital Partners GmbH (“Cusp Capital”).

HERO Software was founded in 2020 by Michael Kessler and Philipp Lyding and offers comprehensive digital solutions for the management of trade businesses. The company is considered a market leader in the field of cloud-based business software. The range of software includes order and employee management, invoicing, time logging and construction site planning. As a future-oriented company, HERO Software is continuously developing its product portfolio and is committed to issues such as sustainability and human rights, as well as various social projects.

Cusp Capital is a venture capital firm specializing in European software and technology. The team invests in early-stage companies that have the potential to transform their respective industries with new technologies. Cusp Capital’s portfolio includes young companies such as HERO Software, SIDES, VIDA, taclia and acto.

POELLATH advised the existing investor Cusp Capital on all legal aspects of the Series B financing round with the following Munich-based team:

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