Finnish company Aibidia raises €13M in Series A to upgrade global transfer pricing
15 May, 2023, 15:58
Helsinki-based company Aibidia has raised €13 million Series A funding round. DN Capital and FPV Ventures co-led the round, with existing investors Icebreaker.vc and Global Founders Capital also participating.
- Founded in 2014 by Hannu-Tapani Leppänen, Aibidia engages in revolutionizing digital transfer pricing management. Its cloud-based platform enables a shift in focus from document creation and data entry to global value creation and insight.
- Aibidia’s pricing taxonomy helps multinationals to automate compliance and meet tax obligations more efficiently. Currently, the platform helps manage over 5000 entities across more than 150 jurisdictions from offices in Helsinki and London.
“The diligent and steady way Hannu-Tapani and his team have approached the growth of Aibidia, even since we joined them at pre-seed, inspires a huge amount of confidence for the future and we’re pleased to be continuing our individual journey with them, but also see FPV and DN Capital join the fold to help take Aibidia to even higher levels,”Riku Seppälä, General Partner at Icebreaker.vc, comments the deal.
- Icebreaker.vc, one of the most active Finland’s early-stage VCs, participated in the round as the existing investor, together with Global Founders Capital. Their initial investment in Aibidia was made in 2020. DN Capital and FPV Ventures co-led the current round.
- The funding will be used to further expand Aibidia’s team and global presence in London and Helsinki and continue innovating the platform.