About Acubiz
Acubiz is a company based in Copenhagen (Denmark) founded in 2005 was acquired by Visma in December 2021.. Acubiz has raised $117.72 million across 8 funding rounds from investors including Visma. Acubiz offers products and services including Expense Management Software, Invoice Management, and Time Registration. Acubiz operates in a competitive market with competitors including Ramp, Brex, Navan, Spendesk and Concur, among others.
- Headquarter Copenhagen, Denmark
- Stage Soonicorn
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Sectors
Travel & HospitalityTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Visma Acubiz A/S
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Products & Services of Acubiz
Acubiz offers a comprehensive portfolio of products and services, including Expense Management Software, Invoice Management, and Time Registration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for tracking business expenses and receipts
System for handling invoices and payments efficiently
Tool for logging work hours and absences
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Funding Insights of Acubiz
Acubiz has successfully raised a total of $117.72M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $22.46 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $22.5M
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First Round
First Round
(18 Dec 2008)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series B - Acubiz | Valuation |
investors |
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| May, 2016 | Amount | Series B - Acubiz | Valuation |
investors |
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| Feb, 2016 | Amount | Series A - Acubiz | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Acubiz
Acubiz has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Visma. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cloud-based ERP software is provided for business management across segments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Acubiz
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Acubiz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Acubiz Comparisons
Competitors of Acubiz
Acubiz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Brex, Navan, Spendesk and Concur, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Acubiz
When was Acubiz founded?
Acubiz was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is Acubiz located?
Acubiz is headquartered in Copenhagen, Denmark.
Is Acubiz a funded company?
Acubiz is a funded company, having raised a total of $117.72M across 8 funding rounds to date. The company's 1st funding round was a Series A of $1.47M, raised on Dec 18, 2008.
What does Acubiz do?
Acubiz was founded in 2005 in Copenhagen, Denmark, and operates in the financial software sector. Cloud-based solutions are provided to automate the entry of employee expenses, internal reminders, and credit card transaction imports. Integration with ERP and payroll systems is supported, enabling cost reductions and efficiency improvements in expense handling. Manual procedures for various expense types are streamlined across business operations.
What products or services does Acubiz offer?
Acubiz offers Expense Management Software, Invoice Management, and Time Registration.
Who are Acubiz's investors?
Acubiz has 1 investor. Key investors include Visma.
What is Acubiz's valuation?
The valuation of Acubiz is $995.9M as of Oct 2017.
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