# Pie Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pie-systems-aps

- Industry: Software
- Headquarters: Copenhagen, Denmark
- Website: www.pievat.com
- Total disclosed funding: $16M
- Latest round: Series A (Nov 27, 2025)
- Investors on record: 9

## About

Based in Copenhagen, Denmark, and founded in 2017 by co-founders Sunny Long and Dominic Sheehy, Pie Systems ApS offers a digitized end-to-end solution for hassle-free VAT refunds through mobile devices to merchants and consumers. In December 2020, Pie Systems ApS raised venture funding.

The company offers a VAT refund platform that integrates with merchants at the point of sale (PoS) and allows tourists to manage all claim processing online. The company also provides stores with a unique platform to better service their tourist customers with data-driven insights and marketing tools.

## Funding rounds

- Series A, Nov 27, 2025, $16M — DG Ventures, Green Visor Capital, Math Venture Partners, Builders VC, Coral Capital, Plug and Play Japan, Dreamcraft, Context Ventures, New Commerce Ventures

## Investors

- DG Ventures (https://capitalatlas.ai/funds/dg-ventures) — Series A
- Green Visor Capital (https://capitalatlas.ai/funds/green-visor-capital) — Series A
- Math Venture Partners (https://capitalatlas.ai/funds/math-venture-partners) — Series A
- Builders VC (https://capitalatlas.ai/funds/builders-vc) — Series A
- Coral Capital — Series A
- Plug and Play Japan — Series A
- Dreamcraft (https://capitalatlas.ai/funds/dreamcraft) — Series A
- Context Ventures — Series A
- New Commerce Ventures (https://capitalatlas.ai/funds/new-commerce-ventures) — Series A