Helu.io, a Vienna, Austria-based provider of financial reporting software, announced that it raised over $10 million in Series A funding.
The round was led by fintech specialist CommerzVentures as well as technology-oriented VC IRIS Capital and early-stage investor Speedinvest, Helu.io has raised a total of $15 million with this financing round within one year.
With the completed financing round, Helu.io will expand its offering with a budget planning module. From 2023, SMEs will then be able to map further budgeting and controlling processes with the software.
This new round confirms Helu.io 's ambitions to become Europe's standard for CFOs to seamlessly manage their financial data.
Company: Helu.io GmbH
Round: Series A
Funding Month: July 2022
Lead Investors: CommerzVentures
Additional Investors: IRIS Capital and Speedinvest
Company Website: https://helu.io/
Software Category: Financial Reporting software
About the Company: Helu.io was founded in 2020 by Unicorn investor Franz Salzmann to support CFOs and finance managers in small and medium-sized enterprises (SMEs) in automating their financial controlling and reporting processes. Helu.io is a provider of financial reporting software, that offers modern financial analyzes and maximum data security. Helu gives customers easy access to their accounting data (like DATEV data). Helu.io is aimed in particular at companies that still transfer data records manually into Excel spreadsheets. With the easy-to-use software, the start-up wants to become the standard for financial controlling and reporting: Helu.io can be easily integrated into the DATEV accounting software and enables SMEs to convert even complex financial data into individual and easy-to-understand reports. With a mouse click.