Zobito acquires minority share in Treasury Intelligence Solutions GmbH (TIS), via Series B funding round
In the course of a Series B funding round, Zobito AB acquired a minority share in Treasury Intelligence Solutions GmbH (TIS), together with an option to subscribe to additional shares going forward.
TIS offers medium-sized and large enterprises a smart payments software as a service platform for managing corporate payments, liquidity and bank relationships worldwide. The Walldorf, Germany-based company plans to use the new funds to further its growth and gain additional market share in Europe by investing in marketing and sales and in the expansion of the cloud platform.
Zobito is a venture capital and advisory company based in Sweden with a focus on investing in high-potential enterprise software companies in syndication with leading funds and proven entrepreneurs. The Series B investment was made together with the Munich-based venture capital firm Target Partners as lead investor.
Zobito was advised by Mannheimer Swartling in the matter. The firm’s team in Frankfurt was led by Oliver Cleblad and comprised Jens Engelmann-Pilger, Caroline Siebenbrock genannt Hemker and Nils Gruske.