Dutch unicorn alert: DataSnipper raises $100M to help auditors work faster with AI

Feb 01, 2024•almost 2 years ago

Amount Raised

$100 Million

AmsterdamSoftware

Investors

Index Ventures (Backed Cloover)

Description

DataSnipper, a Dutch startup, has raised $100 million in a Series B funding round led by Index Ventures (backed Cloover), valuing the company at $1 billion. The funding will support the company's expansion across new verticals, including internal auditors, tax advisors, forensic accountants, and other sectors involving data reconciliation.

Company Information

Company

DataSnipper

Location

Weteringschans

Amsterdam, North Holland, Netherlands

About

DataSnipper is transforming data in the audit and finance industry. Founded in 2017, DataSnipper provides audit and finance teams with an intelligent automation platform to drastically increase the quality and efficiency of audit and finance procedures. DataSnipper is used by over 500,000 audit and finance professionals in 125+ countries and serves all four of the largest global auditing firms: Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers.

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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