Scottish Equity Partners (SEP), a UK based growth equity investor, has made a strategic growth investment in Springtime Technologies (Springtime), an accounts payable automation software company based in Vienna, Austria.
According to a press statement, the “significant investment from SEP will accelerate Springtime’s product development and expand its market presence globally”.
Springtime’s flagship software product, Invoicetrack, streamlines finance and operations workflows through automated data extraction and ingestion capabilities, an AI-powered matching engine, and country-specific processing expertise which has been embedded in the solution. These capabilities enable customers to efficiently process invoices across more than 70 countries.
Springtime’s Invoicetrack customer base includes Boehringer Ingelheim, Essity, Festo, and Evonik.
SEP’s investment was led by Taylor Rampton, Daniel Muranda, and Angus Conroy.
