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Hero Software has raised $52.0M across 2 funding rounds.
Key people at Hero Software.
Hero Software has raised $52.0M in total across 2 funding rounds.
Hero Software, based in Germany, develops cloud-based project and order management software for trades businesses across the DACH region. The SaaS platform provides tools for business administration, including project management, offer generation, invoicing, scheduling, and employee management, aimed at streamlining operations and improving project efficiency for trades professionals. Serving over 2,000 customers, the company employs more than 125 individuals, with its platform facilitating over €1 billion in annual turnover for its users. Hero Software has secured approximately €3 million in capital through three financing rounds, primarily via the crowdfunding platform Companisto, which represents a significant shareholder group. Recognized with awards such as the Stevie Award in Gold and the Digital Champions Award in 2021, the company is positioned as a prominent cloud software provider in the DACH region. Hero Software was founded in 2020 by founders who previously launched the home renovation platform energieheld.
Hero Software has raised $52.0M across 2 funding rounds. Most recently, it raised $44.0M Series B in July 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2024 | $44M Series B | Eight Roads Ventures | Cusp Capital Partners, Iris Capital, MTech Capital, Christian Vollmann | Announced |
| Jun 1, 2022 | $8M Series A | — | Atlantic Labs, Cusp Capital Partners, Iris Capital, Rubin Ritter | Announced |
Key people at Hero Software.
Hero Software has raised $52.0M in total across 2 funding rounds.
Hero Software's investors include Eight Roads Ventures, Cusp Capital Partners, Iris Capital, MTech Capital, Christian Vollmann, Atlantic Labs, Rubin Ritter.
HERO Software is a German SaaS company providing cloud-based ERP and field service management software tailored for tradesmen and SMEs in sectors like plumbing, carpentry, roofing, painting, electrical services, and photovoltaic installation.[1][2][3][5] Its platform digitizes end-to-end operations—from customer contact and quoting to project execution, invoicing, time tracking, document management, and team communication—acting as a "mini SAP" for craftsmen, with over 20,000 users generating €3.1 billion in annual sales.[2][3][5] The company serves trade businesses in the DACH region (Germany, Austria, Switzerland), enabling efficiency gains like increased project throughput and sustainable operations, and recently raised €40 million in Series B funding in 2024 to fuel growth.[2][3]
Starting at €59 per month, HERO streamlines workflows via mobile access, electronic signatures, resource planning boards, and integrations, solving the digitization gap in a traditionally analog industry.[4]
HERO Software was founded in 2020 in Hanover, Germany, by Dr. Michael Kessler (CEO) and Philipp Lyding, though some sources note earlier activity around 2017.[1][2][3] The founders identified the need to modernize operations for tradesmen, creating an intuitive platform that consolidates core workflows into one cloud-based system accessible on-site for field workers.[2][3] Early traction came from addressing pain points in project management and documentation for SMEs, positioning HERO as a pioneer in DACH-region trades digitization; by 2024, it had scaled to lead the market with 20,000+ users.[2][3] A pivotal moment was the 2024 €40 million funding round led by Federated Hermes, with participation from Cusp Capital and Eight Roads Ventures, supporting team expansion from 100 to 250 employees and product enhancements.[1][2][3]
HERO stands out in the vertical SaaS space through these key strengths:
HERO rides the vertical SaaS wave, digitizing legacy industries like trades where paper-based processes persist amid labor shortages and sustainability demands in DACH.[2][3] Timing aligns with post-pandemic acceleration in cloud adoption and EU green initiatives, favoring tools that enhance project throughput and reduce waste for SMEs—key economic drivers in construction-related sectors.[1][3] Market forces like rising material costs and skilled worker scarcity amplify its value, as HERO's efficiency tools enable data-driven decisions and scalability.[2][5] It influences the ecosystem by pioneering trades software, inspiring similar platforms (e.g., COR, TimeCamp) and attracting VC interest in sustainable Vertical SaaS, potentially expanding DACH leadership Europe-wide.[1][3]
HERO is poised for European dominance in trades SaaS, leveraging €40M to hire talent, enter new markets, and prioritize financial tools plus third-party integrations for seamless operations.[2][3] Trends like AI-driven forecasting, deeper fintech embeds, and regulatory pushes for digital invoicing will shape its path, enhancing margins for users amid economic pressures. Its influence may evolve from DACH leader to pan-European standard-setter, empowering SMEs to thrive in a digitized trades economy—building on its mission to revolutionize an underserved sector through innovation.[3]
