What is DataSnipper?
Founded in 2017, DataSnipper has transformed the landscape of audit and financial documentation by embedding intelligent automation directly into the Microsoft Excel environment. By enabling professionals to automate tests of details, controls, and walkthroughs, the platform addresses the high-volume, manual nature of financial verification. Its suite of tools, including the Financial Statement Suite and the generative AI-driven DocuMine, allows for seamless data extraction and cross-referencing. With a footprint spanning over 125 countries and adoption by all four of the largest global auditing firms, DataSnipper has established itself as an essential utility for modern financial control, tax, and advisory workflows. The company's ability to scale its operations globally while maintaining high-performance standards has resulted in record-breaking turnover growth, positioning it as a dominant force in the fintech sector.
How much funding has DataSnipper raised?
DataSnipper has raised a total of $100M across 1 funding round:
Series B
$100M
Series B (2024): $100M with participation from Index Ventures
Key Investors in DataSnipper
Index Ventures
A premier venture capital firm that partners with entrepreneurs from seed to IPO, known for backing transformative companies like Adyen and Datadog.
Insight Partners
A global software investor partnering with high-growth technology, software, and internet startup and scale-up companies.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for DataSnipper?
With the infusion of $100M, DataSnipper is well-positioned to accelerate its global expansion and deepen its product capabilities. The strategic focus will likely center on enhancing its generative AI offerings and expanding its footprint in key international markets such as Tokyo, Sydney, and Mexico City. As the company continues to scale, the emphasis will remain on maintaining its competitive edge in audit quality and efficiency, potentially exploring further integrations within the broader enterprise software ecosystem. By leveraging its current momentum, DataSnipper aims to further solidify its role as the standard-bearer for automated financial verification, catering to the evolving needs of banking, insurance, and manufacturing sectors worldwide.
See full DataSnipper company page
