# SmartBill

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

- Industry: Software
- Headquarters: Sibiu, Romania
- Website: www.smartbill.ro
- Total disclosed funding: $1.1M
- Latest round: Seed (Mar 10, 2016)
- Investors on record: 2

## About

Founded in 2007 and based in Sibiu, Romania, SC Intelligent IT SRL, doing business as SmartBill, operates as a provider of invoicing and inventory management software solutions for small and midsize enterprises. In May 2024, Visma Group Holding AS, a portfolio company of CPP Investment Board, Hg, Altaroc, Jane Street Capital, etc., acquired SmartBill from Catalyst Romania and GECAD Ventures. The firm, as of July 2024, serves over 150 customers with more than 6,500,000 invoices issued monthly and is led by its CEO, Radu Hasan.

SmartBill's core offerings include e-Invoice and e-Transport services. The e-Invoice system simplifies the creation, sending, and management of invoices, proformas, receipts, and stock reports. It features user-friendly interfaces, automatic calculations, and integration with accounting programs. The e-Transport module complements this by facilitating compliant transport documentation.

The firm generates revenue by offering subscription models including the Silver billing plan at EUR 5.44 per month, the Platinum billing plan at 8.94, EUR per month, the Administration billing + administration plan at EUR 14.84 per month, etc with options for additional services and features.

## Funding rounds

- Seed, Mar 10, 2016, $1.1M — GECAD Ventures, Catalyst Romania

## Investors

- GECAD Ventures (https://capitalatlas.ai/funds/gecad-ventures) — Seed
- Catalyst Romania (https://capitalatlas.ai/funds/catalyst-romania) — Seed