Total amount raised
$100 Millions
Latest funding date
Location
DataSnipper has successfully raised significant funding over multiple rounds, attracting notable investors such as monashees and Index Ventures. The platform offers an AI-powered intelligent automation solution integrated with Excel, designed to enhance productivity for audit and finance teams.
Keep reading to explore the intricacies of DataSnipper's fundraising journey and the investors backing this innovative platform.
What Is DataSnipper?
DataSnipper, founded in 2017, is based in Amsterdam, Noord-Holland, The Netherlands. The company was established by Jonas Ruyter, Kai Bakker, and Maarten Alblas. With a team of 101-250 employees, DataSnipper offers an AI-powered intelligent automation platform integrated with Excel, primarily designed to assist audit and finance teams.
How Much Funding Has DataSnipper Raised?
- Series A
- Amount Raised: Not publicly disclosed
- Date: September 2022
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and scale operations.
- Series B
- Amount Raised: $100M
- Date: February 2024
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance AI-driven features.
Total Amount Raised: $100M
Current Valuation: Not publicly disclosed
Key Investors
- monashees
- Details: monashees is a leading venture capital firm based in São Paulo, Brazil. They focus on early-stage investments in technology-driven companies.
- Investment Focus Areas: Fintech, Healthtech, Edtech, SaaS, E-commerce
- Notable Investments: Rappi, Loft, MadeiraMadeira
- Index Ventures
- Details: Index Ventures is a global venture capital firm with offices in London, San Francisco, and Geneva. They invest in technology companies at all stages of growth.
- Investment Focus Areas: Fintech, Enterprise Software, E-commerce, Healthtech, Consumer Internet
- Notable Investments: Dropbox, Slack, Revolut
- Insight Partners
- Details: Insight Partners is a New York-based private equity and venture capital firm. They focus on growth-stage investments in software and internet businesses.
- Investment Focus Areas: SaaS, Fintech, Cybersecurity, E-commerce, Healthtech
- Notable Investments: Shopify, Twitter, Qualtrics
What's Next for DataSnipper?
DataSnipper stands at the cusp of significant growth opportunities, driven by the increasing demand for AI-powered automation in the audit and finance sectors. As the industry trends towards more efficient and accurate data processing, DataSnipper's platform is well-positioned to capitalize on this shift, potentially expanding its market reach and customer base.
Future fundraising efforts are likely to focus on scaling operations and enhancing the platform's AI capabilities. With the backing of prominent investors, DataSnipper could attract additional capital to fuel its growth trajectory. However, the company may face challenges such as maintaining innovation pace and navigating competitive pressures in the rapidly evolving tech landscape.
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