Growth Capital • Software

Fortino Capital Invests In MobileXpense

On December 21, 2017, venture capital firm Fortino Capital invested in software company MobileXpense

Investment Context
  • This is Fortino Capital’s 4th transaction in the Software sector.
  • This is Fortino Capital’s 5th transaction in Belgium.
Investment Fate
  • MobileXpense was sold to a strategic buyer in 2024.

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Investment Summary

Date December 21, 2017
Target MobileXpense
Sector Software
Investor(s) Fortino Capital
Deal Type Growth Capital

Target Company

MobileXpense

Brussels, Belgium
MobileXpense is an expense management group. MobileXpense digitalizes a process that used to be paper or excel based in past, allowing to efficiently control & reduce expenses. MobileXpense was founded in 2000 and is based in Brussels, Belgium.
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Investor Overview 1

Investor

Fortino Capital

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2013
PE ASSETS 340M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Fortino Capital is an early to later stage investment firm focused on providing growth capital to small and medium-sized companies in the Benelux region of Europe. The Firm's venture unit looks to invest €1 to €5 million for majority stakes in software and e-commerce companies with proven products/traction. The Firm's growth capital unit invests in ambitious scale-ups and more mature business (SMEs) which are challenged by industry innovation and organization change. Fortino's growth unit looks to invest €5 to €25 million for majority or minority positions. Fortino Capital was formed in 2013 and is headquartered in Zaventem, Belgium.


Deal Context for Investor #
Overall 10 of 29
Sector: Software 4 of 14
Type: Growth Capital 2 of 14
Country: Belgium 5 of 12
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 ONI

Lisboa, Portugal

ONI is a provider of voice, data, and Internet services. ONI also possesses its own fiber-optic network that covers 35,000 kilometers in Portugal, as well as two licenses to supply FWA direct access. ONI was founded in 1998 and is based in Lisboa, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 Zentrick NV

Merelbeke, Belgium

Zentrick NV is a digital video technology company that provides middleware solutions to drive the seamless execution and performance of online video advertising for brands, platforms and publishers. Zentrick NV was founded in 2010 and is based in Merelbeke, Belgium.

Sell -

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