About Semine
Semine is a company based in Oslo (Norway) founded in 2015 by Robert Kristiansen was acquired by Rydoo in July 2025.. Semine has raised $11.8 million across 3 funding rounds from investors including Rydoo and Kistefos. The company has 39 employees as of December 31, 2021. Semine offers products and services including Capture, AI Engine, PO Matching, Mobile App, and Workflows. Semine operates in a competitive market with competitors including Intuit, Visma, Xero, Wave and FreshBooks, among others.
- Headquarter Oslo, Norway
- Employees 39 as on 31 Dec, 2021
- Founders Robert Kristiansen
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Sectors
Technology
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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 Semine As
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Products & Services of Semine
Semine offers a comprehensive portfolio of products and services, including Capture, AI Engine, PO Matching, Mobile App, and Workflows. 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.
Captures invoice and PO data accurately for processing.
Processes invoices using AI for full automation.
Matches invoices with purchase orders for verification.
Enables on-the-go invoice approvals via mobile devices.
Creates automated approval processes for efficiency.
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Funding Insights of Semine
Semine has successfully raised a total of $11.8M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $3 million completed in July 2022. 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 3
- Last Round Series B — $3.0M
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First Round
First Round
(01 Aug 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Series B - Semine | Valuation | Kistefos |
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| Jun, 2020 | Amount | Series A - Semine | Valuation | Kistefos |
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| Aug, 2018 | Amount | Series A - Semine | Valuation | Kistefos |
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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 Semine
Semine has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Rydoo and Kistefos. 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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A private investment company managing diversified portfolios is operated.
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Founded Year | Domain | Location | |
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AI and SaaS platform for business expense management is provided.
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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 Semine
| 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 - Semine
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Semine Comparisons
Competitors of Semine
Semine 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 Intuit, Visma, Xero, Wave and FreshBooks, 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 |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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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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| domain | founded_year | HQ Location |
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 Semine
When was Semine founded?
Semine was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Semine located?
Semine is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Is Semine a funded company?
Semine is a funded company, having raised a total of $11.8M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.3M, raised on Aug 01, 2018.
How many employees does Semine have?
As of Dec 31, 2021, the latest employee count at Semine is 39.
What does Semine do?
AI-driven accounting process automation for businesses. It allows businesses to automate the accounting processes and financial data through data-driven insights. It can be integrated with the existing accounting system to perform document management and invoice handling processes. It also provides insights on invoice overview, cost analysis, supplier cost development, and the status of an invoice inflow.
What products or services does Semine offer?
Semine offers Capture, AI Engine, PO Matching, Mobile App, and Workflows.
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