# Bokio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bokio

- Industry: Software
- Headquarters: Gothenburg, Sweden
- Website: www.bokio.se
- Total disclosed funding: $3.5M
- Latest round: Seed (Jul 13, 2017)
- Investors on record: 3

## About

Bokio AB provides an innovative suite of financial management tools designed to simplify bookkeeping, invoicing, payroll, and banking services for small and medium-sized enterprises in Sweden and the United Kingdom.Bokio AB, founded in 2015 in Gothenburg, Sweden, specializes in accounting software that integrates various financial services. The company has not announced any significant pivots or changes in its business strategy. Co-founded by Emma ??, Mikael Eliasson, and Viktor Stensson, the current CEO is Viktor Stensson. In March 2022, the company raised SEK 35.000 mn in funding from investors such as Creandum, Inbox Capital, and Svea Ekonomi. This funding round coincided with their acquisition by Visma Group Holding AS, which aims to enhance its product offerings in cloud ERP and fintech solutions for small and micro-segments in Europe.Bokio offers a comprehensive suite of financial tools designed for small and medium-sized enterprises (SMEs) in Sweden and the UK. Their core product is an accounting software that automates bookkeeping, generates financial proposals, and integrates banking services, providing users with access to bank accounts and corporate cards. This system enables users to send unlimited invoices, manage payroll without manual calculations, and prepare tax documents seamlessly. Bokio caters primarily to small business owners, freelancers, and entrepreneurs seeking efficient financial solutions.In 2022, Bokio reported revenue of SEK 1,118,055.90 and an EBITDA of SEK -697,014.20. The company employs a subscription-based pricing model with various tiers including Basic, Premium, Business, and Plus, each designed to meet different business needs.Following the recent acquisition by Visma Group Holding AS in March 2022, Bokio plans to expand its product offerings to include additional cloud ERP and fintech solutions tailored for small and micro-segments in Europe. The acquisition is expected to facilitate Bokio's entry into new markets, enhancing their service portfolio for a broader audience. The recent funding of SEK 35.000 mn will be utilized to support these initiatives, enabling Bokio to innovate and launch new products aimed at improving financial management for SMEs.

## Funding rounds

- Seed, Jul 13, 2017, $3.5M — Creandum
- Seed, Jan 23, 2017 — Techstars, Barclays Accelerator (Powered by Techstars)

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Barclays Accelerator (Powered by Techstars) — Seed
- Creandum (https://capitalatlas.ai/funds/creandum) — Seed