Aibidia, a Helsinki, Finland-based provider of a transfer pricing platform, raised €13M in Series A funding.
The round was led by DN Capital and FPV Ventures, with participation from existing investors Icebreaker.vc and Global Founders Capital.
The company intends to use the funds to further expand its team and global presence in London and Helsinki and continue innovating the platform.
Led by Founder and CEO Hannu-Tapani Leppänen, Aibidia provides a collaborative digital platform that will allow all stakeholders from in-house professionals, to advisers, to tax authorities to work together to work for transfer pricing process, while empowering tax professionals to make data-driven decisions.
The platform now manages 5000+ entities across 150+ jurisdictions. It is used by multinationals like Volvo, Bridgestone and Recipharm to effectively define fair global transfer pricing and automate related reporting.
FinSMEs
15/05/2023