logo
logo

Aico received a majority equity investment from Accel-KKR to bolster its market expansion across Europe and further product development

Apr 03, 2024over 1 year ago
FinlandFinancial Services

Investors

Accel Kkr

Description

Accel-KKR has announced a majority equity investment in Aico, a SaaS platform for large enterprises. Aico will seek to bolster its market expansion across Europe, especially in the DACH region, and funding will also support further product development.

Company Information

Company

Aico

Location

Finland

About

Aico is a SaaS platform for large enterprises, providing financial closing services such as file configuration and automated accounting for faster month-end financial reporting with increased compliance and data accuracy. It has accrued customers across a range of industries, redirecting their accounting teams' efforts toward more strategic and high-value work. Aico has built a strong international footprint and expanded its annual revenue by over 900 per cent.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Related People