# Silverfin NV

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

- Industry: Software
- Headquarters: Gent, Belgium
- Website: www.silverfin.com
- Total disclosed funding: $24M
- Latest round: Series B (Jan 2, 2020)
- Investors on record: 3

## About

Based in Belgium, Silverfin NV functions as a provider of cloud-based financial reporting and compliance solutions, catering primarily to accountants and financial advisory firms with innovative automation tools.Silverfin NV, founded in 2013 in Gent, Belgium, specializes in financial reporting and compliance solutions. The company has completed 5 deals, with its most recent funding round being a Series B, raising USD 30.00 mn. The lead investor for this round was Hg, alongside Index Ventures and Smartfin. The current CEO is Lisa Miles-Heal, who leads a team that includes co-founders Joris Van Der Gucht and Tim Vandecasteele. On September 25, 2023, Silverfin NV was acquired by Visma Group Holding AS, enhancing its footprint in the European software sector.Silverfin provides a cloud-based platform that streamlines financial reporting and compliance for accountants and financial advisory firms. Its offerings include comprehensive tools for managing working papers, preparing financial statements, automating management reports, and simplifying tax computations, serving over 800 clients across Europe, particularly in the UK, Belgium, and the Netherlands.In the most recent year of 2023, Silverfin generated revenue of USD 25.87 mn and achieved an EBITDA of USD 6.27 mn, primarily through a subscription-based model tailored to accountancy firms.Following its acquisition in September 2023, Silverfin plans to leverage its new affiliation with Visma Group Holding AS to enhance its presence in the Belgian software sector and expand further into Europe. The company is set to accelerate product development, focusing on innovative solutions to meet the evolving needs of its clients and entering new markets over the next few years.

## Funding rounds

- Series B, Jan 2, 2020, $19M — Hg, Index Ventures, Smartfin
- Series A, Feb 20, 2017, $4.5M — Index Ventures
- Seed, Apr 10, 2016, $0.3M — Smartfin

## Investors

- Smartfin (https://capitalatlas.ai/funds/smartfin) — Seed, Series B
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A, Series B
- Hg (https://capitalatlas.ai/funds/hg) — Series B