Mazanti-Andersen advises General Catalyst on its investment in Danish payroll platform Pento

Copenhagen-based Pento has raised $ 15.6 million in Series A funding led by American venture capital firm General Catalyst. Avid Ventures and LocalGlobe also participated in the round alongside the existing investors Point Nine Capital, Moonfire Ventures, Hustle Fund and Seedcamp and angel investors from Stripe, Monzo, GoCardless, Zoom, Cuvva and Intercom among others.

The real-time automated payroll software platform, founded by Jonas Bøgh Larsen and Emil Hagbarth Rasmussen in 2016, targets the error-prone use of spreadsheets, PDFs and emails and provides employers with cloud-based tools and real-time calculations that generate greater transparency when it comes to payroll.

Pento will use the funding to expand the talent pool, enter new markets and to further refine its product offering.

Mazanti Transactions advised General Catalyst and Avid Ventures in connection with the investment.

For more information about the transaction, read here and here.