Fenerum raised capital investment.

Fenerum, an Aarhus, Denmark-based startup company providing software services for accounting and finance departments, secured capital investment.

The funding was provided by a range of local angel investors, including Jan Lehrmann, Jesper Buch, Kasper Knokgaard, Preben Braagaard and Stefan Rosenlund.

Fenerum, founded in 2019 and led by sales director Malte Fanefjord, developed a software solution that helps subscription companies to remove all manual processes in their financial management. As such, the company's tool can be used for tasks including automatic billing and revenue reconciliation, expense management or automatic bookkeeping.