Quentic GmbH, a Germany-based provider of software-as-a-service solutions, has secured €15 million in new growth funding from existing investors One Peak Partners and Morgan Stanley Expansion Capital.
In a May 21 statement, Quentic said it will use the fresh capital to speed up the expansion of its footprint to existing and new markets.
One Peak Partners and Morgan Stanley Expansion Capital earlier invested €22 million in Quentic in May 2017.
Quentic offers software-as-a-service solutions to help companies manage data related to their initiatives across the areas of environment, health and safety, and corporate social responsibility.
One Peak Partners is a growth equity firm that provides expansion capital to technology and tech-enabled companies in the scale-up phase. Morgan Stanley Expansion Capital is a growth-focused private investment platform under Morgan Stanley unit Morgan Stanley Investment Management Inc.