About Acubiz
Acubiz is a Travel & Hospitality company based in Copenhagen (Denmark) founded in 2005, and was acquired by Visma in December 2021. It operates as a cloud-based expense management solutions are offered for businesses. It operates in the Travel & Hospitality and Technology sectors. Acubiz has raised $117.72 million across 8 funding rounds from investors including Visma. Acubiz was last valued at $995.9 million in October 2017. Its website acubiz.com draws about 34 thousand monthly visits. Acubiz offers products and services including Expense Management Software, Invoice Management, and Time Registration. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its legal entity is Visma Acubiz A/S. Its competitors include Ramp, Brex, Navan, Spendesk and Concur and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
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.
Products & Services of Acubiz
Acubiz offers a comprehensive portfolio of products and services, including Expense Management Software, Invoice Management, and Time Registration.
Platform for tracking business expenses and receipts
System for handling invoices and payments efficiently
Tool for logging work hours and absences
Apps and channels of Acubiz
its YouTube channel AcubizTV has 64 subscribers and 25 videos.
Videos from Acubiz
The most watched videos on Acubiz's YouTube channel, AcubizTV (64 subscribers). Click a video to play it here.
More on AcubizTV.
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 $117.72M
- Total Rounds 8
- Last Round Series B — $22.46M
- First Round $573,778
(Dec 2008)
All 8 funding rounds of Acubiz with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2017 | $22.46M | Series B | $995.9M | – | – |
| May 2016 | $51.07M | Series B | $31.76B | – | – |
| Feb 2016 | $1.47M | Series A | $••••• | – | – |
| Dec 2012 | $886,553 | Series A | $••••• | – | – |
| Jun 2010 | $16.71M | Series A | – | – | – |
| Mar 2010 | $21.1M | Series A | $••••• | – | – |
| Feb 2009 | $3.45M | Series A | $••••• | – | – |
| Dec 2008 | $573,778 | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2017 | $995.9M | •••••••• |
| May 2016 | $31.76B | •••••••• |
| Feb 2016 | $••••• | •••••••• |
| Dec 2012 | $••••• | •••••••• |
| Mar 2010 | $••••• | •••••••• |
| Feb 2009 | $••••• | •••••••• |
| Dec 2008 | $••••• | •••••••• |
Full valuation and stage history of Acubiz
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $995.9M (Oct 2017). 1 investors in total: 1 institutional.
Investors in Acubiz
Acubiz has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Visma.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based ERP software is provided for business management across segments. | 1996 | visma.com | Oslo, Norway |
Investor details for Acubiz
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Acubiz
26 people are tracked at Acubiz (5 in leadership, 21 in team).
| Name | Role | Group |
|---|---|---|
Edda Karen Davidsdottir | Director Of Finance And Operations | Leadership |
Anders Friis | Commercial Director | Leadership |
Edda Davidsdottir | Director Of Finance And Operations | Leadership |
Henrik Malling | Managing Director | Leadership |
Jeppe Rørbæk | Development Director | Leadership |
Jan B. Junker Nielsen | Sales Executive / Central South Jutland & Funen | Team |
Andrea Brønnum - Hyttel | Student Helper | Team |
Nikolaj Winnes | Senior Backend Developer | Team |
Jon Stahlfest | Senior Developer | Team |
Martin Sønderholm Eriksen | Marketing Manager | Team |
Palle Rothmann | Senior Developer | Team |
Alan Lustü | Key Account Manager | Team |
Philip Simonsen | Sales Executive | Team |
Søren Holst | Sales Executive / North & Central Jutland | Team |
Tanja Komlyeva | Controller | Team |
Hans - Jørgen Pagh | Senior Developer | Team |
Michelle Bendix Lauritzen | Creative & Growth Marketing Lead | Team |
Kenneth Jürgensen | Senior Developer | Team |
Christopher Dyrling | Student Helper | Team |
Morten Damlund | Senior Business Manager | Team |
6 more people are available in the full profile.
Complete people profiles for Acubiz
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Acubiz
7 dated milestones of Acubiz across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Acubiz is founded.
- Funding First funding round of $574K.
- Milestone Reaches Minicorn status.
- Milestone Reaches Decacorn status.
- Funding Latest funding round, Series B, of $22.5M.
- Milestone Reaches Soonicorn status.
- Exit Acquired by Visma.
Competitors of Acubiz
Acubiz has 9 listed competitors in our database, 8 of them funded. They include Ramp, Brex, Navan, Spendesk and Concur, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ramp.com | 2019 | New York, United States | $5.07B | – | Spend management and accounts payable solutions are delivered to businesses. | |
| brex.com | 2017 | Draper, United States | $1.2B | – | SaaS-driven credit card and spend management solutions platform for businesses | |
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. | |
| spendesk.com | 2016 | Paris, France | $303.82M | – | Provider of prepaid cards for financial benefits of employees | |
| concur.com | 1988 | Bellevue, United States | – | – | Corporate travel expenses and invoices are managed via SaaS platform. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| pleo.io | 2015 | Copenhagen, Denmark | $434.02M | 149 | SaaS expense management solutions for business travel are provided. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| spenmo.com | 2019 | Singapore | $121.35M | – | Cloud-based corporate cards and expense management solutions are offered. |
Detailed competitors of Acubiz
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of Acubiz
The website of Acubiz (acubiz.com) receives about 33.6K visits a month.
- Monthly visits33.6K
Websites whose visitors overlap most with Acubiz. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| aau.dk | 100% | 1.4M | #47,501 | View details | |
| unionen.se | 98% | 352.5K | #117,927 | View details |
Top companies in Online Travel
10 companies that operate in the same segment as Acubiz (Online Travel), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | Gurugram, Haryana, India | USD 39 M | USD 1.04 B | 5,120 | |
Online platform providing multiple travel booking services | 2007 | Gurugram, Haryana, India | USD 96.62 M | USD 130.88 M | 465 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Multiple travel services are booked via an app-based platform. | 1999 | Miami, Florida, United States | USD 331.37 M | – | 5,191 | |
Multiple travel services are booked via an app-based platform. | 2012 | Jakarta, Jakarta, Indonesia | USD 1.02 B | USD 90.89 M | 3,164 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Bus tickets are booked online via portal and mobile app. | 2006 | Bengaluru, Karnataka, India | USD 10 M | – | – | |
Outdoor tours and activities are booked via an app-based platform. | 2009 | Berlin, Berlin, Germany | USD 877.51 M | – | 1,532 |
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Related news about Acubiz
Complete news archive for Acubiz
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Frequently Asked Questions about Acubiz
Acubiz was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Acubiz is headquartered in Copenhagen, Denmark.
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 Seed of $573.78K, raised on Dec 2008.
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.
Acubiz offers Expense Management Software, Invoice Management, and Time Registration.
Acubiz has 1 investor. Key investors include Visma.
The valuation of Acubiz is $995.9M as of Oct 2017.
Acubiz operates through Visma Acubiz A/S.
Yes. Acubiz was acquired by Visma in December 2021.