Candis: Raises €12M in Series B Funding
- Candis, a Berlin, Germany-based provider of a platform for automated accounting and payment processes, raised €12M in funding
- Then the round was led by Viola Ventures and Rabo Frontier Ventures, the investment arm of Rabobank
- The company intends to use the capital to continue the development of its machine learning engine and to accelerate growth and expansion within Europe
- Founded in 2015 by Christopher Becker and Christian Ritosek, Candis automates manual bookkeeping
- The software automatically collects bookkeeping documents from various sources, classifies and authenticates the data, generates approval processes
- Thousands of companies and their tax advisors already use Candis’ technology in Germany
