Sherpany, a European leader of meeting management software, has successfully closed its growth financing round led by a highly successful Swiss entrepreneur and Cadence Growth Capital. Verve Ventures invested CHF 1.5 million.

Verve Ventures has backed Sherpany since its Seed round in 2013 and participated in its Series A in 2014, showing the long-term partnerships that Verve Ventures establishes with the startups that pass its rigorous due diligence process. Secondary transactions in this round provided an exit opportunity for some of our earlier investors.

Novartis, Nestlé, and Swiss Re – over 300 companies trust Sherpany. They use Sherpany’s software to prepare management and board meetings, make them paperless and more efficient. Customers are highly satisfied and hence loyal. Last year over 98% of clients renewed their contracts which is a remarkably high rate for a software-as-a-service company.

“The impressive track record across several industries such as energy, banking, pharma, healthcare, construction, and retail shows that Sherpany’s solution is universally applicable, which in turn means large revenue potential”, says Romeo Bütler, Investment Manager at Verve Ventures.