Italian FinTech company Sibill, which provides a financial management platform for small and medium-sized businesses (SMEs), has secured €12m in Series A funding.
The round was led by European venture capital firm Creandum, with participation from Keen Venture Partners. This new investment adds to the €6.7m Sibill had already raised in earlier rounds.
Sibill offers a platform designed to simplify administrative, financial, and accounting operations for SMEs. The company aims to become a go-to solution for both businesses and their trusted advisors—accountants—by automating key financial workflows.
The latest capital injection will help Sibill accelerate platform development, including new features for automating tax, supplier, and employee payments. The funds will also be used to strengthen the company’s team, with plans to double its workforce from 50 to 100 employees by the end of 2025.
Despite the expansion, Sibill remains committed to its Italian roots. The company plans to invest all new capital within Italy, further deepening its focus on the local SME market.
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