Debaeque goes Apesoft

Spanish venture capital firm Debaeque has invested €2.75m in Apesoft, a Barcelona-based business software company.

With offices in the US and a market presence in a total of 10 countries, the capital injection will see the business continue its global expansion, with 64% growth predicted for 2009, following sales of €1.5m and a profit of €500,000 in 2008. It currently has 6,000 users in 250 organisations.

Apesoft specialises in business intelligence software for companies of all sizes, enabling them to improve their analytical capabilities and improve business performance.

Apesoft is Debaeque first investment of 2009, its last coming in October last year with a €3m investment in personal finance website, Helpmycash. The firm was founded in 2001 and is focused on companies in the TMT (telecommunications, media and technology) space, particularly software and Internet/media industries.