Alantra Advises Dancerace on Significant Investment from Norland Capital to Accelerate Global Expansion and Product Innovation
SECTORTechnology
ServiceM&A
London – Alantra has advised Dancerace, a fast-growing FinTech company and the leading provider of cloud-based software solutions for major banks and lenders globally, and its majority shareholder, Newable Capital, on the significant investment from Norland Capital, a software and technology-focused investment firm with offices in San Francisco, Boston, Sydney, and London.
Founded over 30 years ago, and now led by Elliot Avison (CEO), Dancerace offers a comprehensive, connected invoice finance and ABL operating system, helping banks and lenders operate more efficiently at every stage of the funding cycle. Financial institutions worldwide depend on Dancerace’s cloud-based platform to deliver a wide range of complex financial products to business borrowers. These products include loans, invoice discounting, factoring, selective invoice finance, asset finance, construction finance, trade finance, and more.
Norland Capital is a trusted partner for entrepreneur-led software and technology companies, boasting a unique 10+ year long-term capital approach and strong track record with over two decades of experience building and investing in technology companies.
Oliver Parker, Managing Director at Alantra, said, “It was a pleasure to support Dancerace and Newable Capital on this important transaction. Over the last three years, under Newable’s stewardship, the business has been further professionalized and has successfully developed a market-leading cloud-based solution to support invoice financing and asset-based lending. Dancerace now has a great partner given Norland’s deep lending tech domain expertise and successful track record of backing entrepreneur-led software companies, as well as their experience in driving growth and international expansion.”
Peter Barrand, Managing Director, Newable Capital, said, “We chose to work with Alantra given their deep experience in lending tech and their ability to access growth investors on a global basis. They ran a targeted and efficient process that ultimately generated a great return for Newable and found a strong partner for the business going forward.”
Mati Szeszkowski, CEO/Founder of Norland Capital commented. “Elliot’s passion has been a key ingredient in their success. Dancerace is a clear winner, evidenced by their best-in-class SaaS platform, strong customer feedback, and market leading retention. We look forward to partnering with Dancerace and the company through their next chapters of growth.”
