Dstny, the European business communications service provider, has refinanced its existing debt while raising an equivalent amount for further expansion.
Paris-based private equity firm Seven2 (formerly Apax Partners), which stepped in at the end of 2019, is "reaffirming its confidence in the company", said Dstny.
The new financing is provided by two private credit funds which "gives strong financial resources to further expand the business".
Daan De Wever, co-founder and CEO of Dstny Group, said: "Given the current market conditions and interest charges, we have once again gained the trust of our existing debt providers. That we were also able to raise additional financing on top gives us a strong boost for new acquisitions.
"We are looking forward to delivering on our continued international growth with the entire Seven2 team, and further strengthening our leading position as a European provider of cloud-based business communications solutions."
Dstny says 3m users are supported by its systems.
