DataSnipper, an Amsterdam, Netherlands-based intelligent automation platform for audit and finance, secured $100 million in Series B funding at a $1 billion valuation. 

SaaS Investors

The round was led by Index Ventures. 

Founded in 1996, Index Ventures is a venture capital firm based in San Francisco, California. The firm seeks to invest in companies operating in artificial intelligence, machine learning, business applications, data, entertainment, fintech, the future of work, healthcare, media, mobility, open source, retail, security, and talent sectors.  

DataSnipper Use of Funds 

The funding will facilitate expansion into new verticals such as internal auditors, tax advisors, and forensic accountants, along with geographical expansion across Asia-Pacific and Latin American markets. 

About DataSnipper 

DataSnipper is a developer of an intelligent automation platform designed to help auditors accelerate the speed and quality of audits. The company's platform specializes in automating and easily documenting tests of details, tests of controls, walkthroughs, and financial statement procedures. DataSnipper's AI-powered solution streamlines audit processes, embedding automation directly into Excel to eliminate manual work and enhance collaboration. It serves more than 400,000 auditors across 125 countries – including leading brands such as Deloitte, KPMG, Ernst & Young, and PwC.  

Funding Details 

Company: DATASNIPPER B.V.  

Raised: $100.0M    

Round: Series B   

Funding Month: February 2024    

Lead Investors: Index Ventures  

Additional Investors:    

Company Website: https://www.datasnipper.com/   

Software Category: Audit Management  

Source: https://www.datasnipper.com/resources/datasnipper-raises-100m