Tech Company Financing Transactions
Finmatics Funding Round
Finmatics, operating out of Vienna, secured $6.5 million from eQventure and Mangrove Capital Partners.
Transaction Overview
Company Name
Announced On
3/20/2023
Transaction Type
Venture Equity
Amount
$6,474,000
Round
Series A
Investors
eQventure (Lead Investor)
Mangrove Capital Partners (Lead Investor)
Proceeds Purpose
The company intends to use the funds to further growth in Germany and expand the team at the Vienna and Berlin locations, as well as for product development.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Lindengasse 41 / 10
Vienna, 1070
Austria
Vienna, 1070
Austria
Phone
Undisclosed
Website
Email Address
Overview
Christoph Prieler and Ulrich Troeller bring many years of experience as CEOs in management consultancies and have already successfully built up a service provider for tax consulting with Enteos. Together with Patrick Sagmeister as a data scientist with many years of start-up experience, Prieler and Troeller founded Abacus (now Finmatics) in 2016. Their mission is to use easy-to-use AI software to help accountants and entrepreneurs optimize processes and make them fit for the new digital challenges of our time.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Christoph Prieler
Chief Technical Officer
Patrick Sagmeister
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We do our best to document funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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