SMACC
Latest round
- Series A
Last raised
- Jun 2016
Total raised
- $3.9M
Investors
- 6
About SMACC
SMACC GmbH focuses on automating invoicing and accounting functions for small to medium-sized enterprises. The company was founded by Janosch Novak, Stefan Korsch, and Ulrich Erxleben. SMACC is headquartered in Germany and has expanded its operations to Austria and Switzerland.SMACC offers a comprehensive suite of automation tools designed to streamline invoicing and accounting processes for businesses. Their core product focuses on incoming invoice processing, integrating advanced artificial intelligence (AI) to automate the capture of up to 30 fields of invoice data, including item information.SMACC generates revenue primarily through a subscription-based model, offering tiered pricing plans that include a Startup plan at EUR 199 per month, a Standard plan at EUR 399 per month, and an Enterprise plan at EUR 599 per month.SMACC GmbH plans to expand its product offerings with new features designed to enhance user experience and functionality, targeting a launch in the next 12 months. The company aims to penetrate additional European markets, specifically targeting France and the Netherlands by the end of 2024.750 mn will be utilized to support these initiatives and facilitate further development of their automation solutions, enhancing their market presence.
Who invested in SMACC
6 investors across 2 rounds
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Questions about SMACC
Who invested in SMACC?
SMACC has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has SMACC raised?
SMACC has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did SMACC last raise money?
SMACC's most recent round on record is a Series A, in Jun 2016.
What does SMACC do?
SMACC GmbH focuses on automating invoicing and accounting functions for small to medium-sized enterprises.
Where is SMACC headquartered?
SMACC is headquartered in Germany.
Which VCs invest in companies like SMACC?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at SMACC's stage. Their profiles are linked below.
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