PSG Equity to pump €24m into N2F

• PSG’s investment to help N2F execute its plan to recruit 200 employees over the next five years
• N2F is PSG’s ninth platform investment in France
• PSG is a growth equity firm that partners with software and technology-enabled services companies

PSG Equity has announced a €24 million strategic growth investment in N2F, a provider of expense management software products.

N2F is headquartered in Lyon, France. Its software products offer native integrations with accounting software, banks, travel agencies or fleet management services.

PSG’s investment will assist N2F in executing its plan to recruit 200 employees over the next five years while continuing to innovate and invest in R&D, according to a release.

“With N2F, we believe we have identified one of the best software solutions in the market and with its established track record of innovation and success, we believe the company has tremendous growth potential,” said Edward Hughes, managing director at PSG.

N2F is PSG’s ninth platform investment in France and its 21^st in Europe, the release said.

PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalise on strategic opportunities, and build strong teams. The firm, based in Boston, Massachusetts, has offices in Kansas City, London, Paris, Madrid, and Tel Aviv.