# Candis

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.candis.io
- Total disclosed funding: $15M
- Latest round: Series B (Jul 30, 2020)
- Investors on record: 9

## About

Candis GmbH is a Berlin-based company specializing in digital invoice management solutions for businesses, facilitating efficient financial operations primarily for the German mid-market sector.Founded in 2015 in Berlin, Germany, Candis GmbH focuses on digital invoice management. The company has executed a total of 6 deals, with its most recent funding round occurring on February 18, 2022. Candis raised EUR 15.9 mn led by Viola Group, with other investors including 42Cap, Fly Ventures, Lightspeed Venture Partners, and Point Nine. The company is co-founded by Christian Ritosek and Christopher Becker, with Christian Ritosek serving as the CEO.Candis specializes in digital invoice management for businesses, primarily targeting the German mid-market sector. Their core offerings include e-invoicing solutions certified under the GoBD, enabling the reception, data extraction, approval, and exportation of invoices into users' accounting systems. The platform integrates with popular ERP systems like DATEV, Sage, and SAP Business One, allowing companies to manage invoices and related documents centrally. Candis serves over 10,000 businesses across various industries in Germany and potentially other European markets.Candis operates on a subscription-based revenue model, offering various packages tailored to different levels of usage. Clients subscribe to access features such as automated invoice processing and real-time expense management. The company's EBITDA for the most recent year, 2023, is reported at EUR -8,513,655.80.Candis plans to utilize the EUR 15.9 mn raised in its latest funding round to launch credit card solutions and extend its product offerings to encompass purchases and payments. The company aims to introduce these new products and expand its reach into other European markets in the coming years.

## Funding rounds

- Series B, Jul 30, 2020, $14M — Lightspeed Venture Partners, Viola Group, Point Nine, Speedinvest, Rabo Investments, neosfer, 42Cap
- Series A, Sep 25, 2018 — Lightspeed Venture Partners, Point Nine, Speedinvest, Fly Ventures, 42Cap
- Seed, Mar 2, 2016, $1.1M — Point Nine, Fly Ventures, Spark Ventures

## Investors

- Point Nine (https://capitalatlas.ai/funds/point-nine) — Seed, Series A, Series B
- Fly Ventures (https://capitalatlas.ai/funds/fly-ventures) — Seed, Series A
- Spark Ventures — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Series A, Series B
- 42Cap (https://capitalatlas.ai/funds/42cap) — Series A, Series B
- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series B
- Rabo Investments (https://capitalatlas.ai/funds/rabo-investments) — Series B
- neosfer (https://capitalatlas.ai/funds/neosfer) — Series B