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HomeBusinessCandis: Raises €12M in Series B Funding

Candis: Raises €12M in Series B Funding

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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

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