DataSnipper Revenue, Valuation, Funding & Investors

DataSnipper is valued at $1B as of February 2024, a 22.2x multiple on its last reported $45M revenue.

Last DataSnipper valuation

$1B

Series B · Feb 2024

Last DataSnipper funding round

$100M

Series B · Feb 2024

DataSnipper revenue

$45M

Series B · Feb 2024

Key investors in DataSnipper

  • Index Ventures
  • MONASHEES

DataSnipper Overview

About DataSnipper

DataSnipper is an AI-powered automation platform integrated into Excel for financial audits, headquartered in Toronto, Canada. The tool accelerates document review, data extraction, and verification processes for accounting firms and enterprises, reducing manual effort in due diligence and compliance workflows through intelligent matching and analysis features.


Founded

2017

HQ

NetherlandsAmsterdam

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$45M (Feb 2024)

Valuation

$1B (Feb 2024)

DataSnipper Valuation

DataSnipper is currently valued at $1B, based on its Series B in February 2024.

The $100M round was led by Index Ventures, with participation from MONASHEES.

DataSnipper valuation by funding round

DataSnipper valuation by funding round
DateStageValuationRevenue Multiple
Feb 2024Series B$1B22.2x

DataSnipper Revenue

DataSnipper's latest recorded revenue is $45M, as of its Series B in February 2024. At a $1B valuation, that implies a 22.2x revenue multiple.

DataSnipper revenue by funding round

DataSnipper revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2024$45M$1B22.2xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

DataSnipper Funding History

DataSnipper has raised a total of $100M across 1 funding round.

DataSnipper funding rounds

DataSnipper funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2024Series BIndex Ventures (lead); MONASHEES$100M$1BDataSnipper is an Amsterdam-based intelligent automation platform for audit and finance professionals that uses AI to automate tedious verification tasks. The company's platform specializes in automating tests of details, tests of controls, walkthroughs, and financial statement procedures, embedding automation directly into Excel to eliminate manual work and enhance collaboration. Founded in 2018, DataSnipper serves more than 400,000 auditors across 125 countries, including leading brands such as Deloitte, KPMG, Ernst & Young, and PwC. In February 2024, DataSnipper raised $100 million in Series B funding led by Index Ventures at a post-money valuation of $1 billion, achieving unicorn status as the first Dutch unicorn since 2022. This round followed a previous investment by Insight Partners in September 2022. The company reported a record-breaking year, more than doubling its revenue and customer base. The Series B funding will facilitate expansion into new verticals including internal auditors, tax advisors, forensic accountants, and other sectors involving data reconciliation, with geographic expansion focused on Asia-Pacific and Latin America. DataSnipper employs approximately 130 people and is notable for being profitable, a rarity among AI-oriented software startups. The company's growth is driven by macro trends including rising regulatory scrutiny of audit, auditor talent churn, and competitive pressure on challenger firms seeking to compete with the Big Four accounting firms.

Who has invested in DataSnipper?

2 investors have backed DataSnipper across its funding rounds, including Index Ventures and MONASHEES.

Lead investors include Index Ventures.


DataSnipper Investors

Investors in DataSnipper by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by DataSnipper

DataSnipper has acquired 1 company to date.

Last acquisition by DataSnipper was on October 15th 2024. DataSnipper acquired UpLink for undisclosed valuation.


Latest Acquisitions by DataSnipper

UpLink
Description
UpLink is a Boston-headquartered secure document portal founded in 2018 for professional services firms including accounting and consulting practices. The platform enables encrypted client uploads with audit trails and e-signatures compliant with SOC 2 standards. UpLink undergoes annual penetration tests by third-party auditors, serving firms handling GDPR data.
HQ CountryUnited States
HQ City
West Palm Beach, FL
Deal Date15 Oct 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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DataSnipper Competitors

DataSnipper competitors include listed companies like Workday and Appier Group, and private ones like Basis, Rillet, Vise and 51 Credit Card Manager.

Public and private companies comparable to DataSnipper
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BasisUnited StatesNew York City, NYPrivate$388M-$1.1B3.0x
WorkdayUnited StatesUnited StatesPublicly listed$9.6B$1.2B$48B4.7x
RilletUnited StatesSan Francisco, CAPrivate--$1B-
ViseUnited StatesNew York City, NYPrivate--$1B-
51 Credit Card ManagerChinaChinaPrivate$15M-$1B66.7x
Appier GroupJapanJapanPublicly listed$281M$44M$1B2.9x

DataSnipper Public Comps

DataSnipper is still privately-owned, but its public comps include Appier Group, Rackspace, Extreme Vision, iFLYHealth, Rezolve AI, Beijing CTJ Info Tech, Optasia, ODDITY Tech, Fujian Boss Software and Beijing Haitian Ruisheng.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
Extreme Vision$44M($6M)22.8x11.6x(163.7x)-
iFLYHealth$136M($7M)7.7x6.2x(150.8x)(144172.5x)
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Beijing CTJ Info Tech$123M$13M5.3x4.9x51.3x34.6x
Optasia$265M$79M4.3x3.6x14.5x9.1x
ODDITY Tech$810M$131M1.5x1.8x9.6x18.3x

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Common questions about DataSnipper

When was DataSnipper founded?DataSnipper was founded in 2017.
Where is DataSnipper headquartered?DataSnipper is headquartered in Amsterdam, Netherlands.
Is DataSnipper publicly listed?No, DataSnipper is a private, VC-backed company.
What is DataSnipper's valuation?DataSnipper was last valued at $1B in its Series B in February 2024.
How much funding has DataSnipper raised?DataSnipper has raised $100M across 1 funding round.
What was DataSnipper's last funding round?DataSnipper's last funding round was a $100M Series B in February 2024, led by Index Ventures.
Who are DataSnipper's investors?DataSnipper's investors include Index Ventures and MONASHEES.
What is DataSnipper's revenue?DataSnipper's latest recorded revenue is $45M (February 2024).
What is DataSnipper's revenue multiple?DataSnipper's latest valuation implies a 22.2x revenue multiple ($1B valuation on $45M of revenue).
Which companies are comparable to DataSnipper?Companies comparable to DataSnipper include Basis, Workday, Rillet, Vise, 51 Credit Card Manager and Appier Group.
How many companies has DataSnipper acquired?DataSnipper has acquired 1 company, including UpLink.

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