Milan, Italy-based provider of an accounting software platform for freelancers, Fiscozen, raised EUR 8 million in recent funding. The Series A round took place on December 21, 2022. Keen Venture Partners led the financing for the firm. Meanwhile, existing investor United Ventures joined in the funding.
Purpose of financing for Fiscozen
With the latest financing from Series A, the company intends to move upmarket. It seeks to begin with a new product in January 2023. The product launch will cater to all individual businesses, from lawyers to digital workers to small shop owners.
Moreover, Fiscozen has plans to further expand its team and ramp up its hiring operations.
The company earlier received EUR 3 million in seed funding in 2020.
What the founders have to add
Speaking on the recent funding, Enrico Mattiazzi and Vito Lomele, co-founders of the company, said, “We believe technology needs to have an impact on improving people’s lives. We work to eliminate bureaucracy to help entrepreneurs succeed in their projects. In doing so, we make Italy an efficient and competitive nation that values the talent and initiative of people.”
What the investors have to add
Commenting further on the Series A round, Paolo Gesess, Partner at United Ventures, said, “We’re so inspired by what the team has accomplished to date and are equally proud to support the company’s future path.”
In addition, Briehan Burke, Partner at Keen, said, “We’re delighted to support Enrico, Vito, and the Fiscozen team on their mission. With a proven go-to-market and a strong mission to eliminate red tape for Italian SMEs, we believe this exceptional team has what it takes to become a market leader and disrupt the way taxes are handled in Italy.”
About the company
Enrico Mattiazzi and Vito Lomele launched the company in 2018. The Milan, Italy-based fintech startup aims to reduce the problem, giving SMEs the power to complete tax returns and electronic invoices with just a few clicks. Besides, the platform offers a dashboard that gives visibility into future tax obligations and deadlines, plus access to advisors who can provide real-time clarification when needed. The company is on a mission to eliminate tax bureaucracy in Italy and be the go-to tax advisory software provider. Since its inception, the company has witnessed impeccable growth. It grew its customers by ten times and currently works with thousands of workers.
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