Milan-based fintech Sibill, which simplifies financial management for SMBs, has raised €12 million in a Series A funding round led by Creandum, with support from Keen Venture Partners.
- Founded in 2021 by Mattia Montepara, Lorenzo Liguori, and Dario Prencipe, Sibill develops a platform designed to streamline financial and administrative management for small and medium-sized businesses.
- The platform centralizes tasks such as cash flow monitoring, invoice and payment management, deadline tracking, and financial data sharing with accountants.
- By automating processes like data collection, bank reconciliation, and payment processing, Sibill aims to reduce errors, save time, and improve operational efficiency for both businesses and accounting firms.
- The system integrates multiple bank accounts and invoice data in one place, providing real-time insights and enabling faster account closure.
Details of the deal
- The €12 million investment was led by Creandum, which recently closed a €500 million fund to invest in seed and early-stage startups across Europe. The firm focuses on several key sectors, including fintech, consumer, climate, health, and SaaS.
“The combination of a large market and an offer that is still not very focused on user experience represents a huge opportunity for Sibill . This is our first investment in the Italian market – and I have no doubt that there will be many more in the future," claims Johan Brenner, General Partner at Creandum.
- The round also received support from Keen Venture Partners, a VC firm operating from Amsterdam and London that backs deeptech startups through a thesis-driven and founder-focused approach.
“ This capital increase will allow us to strengthen the development of our platform, introducing new features and building a network of strategic partnerships. All the funds raised will be invested in Italy because we believe there is a huge opportunity," explains Mattia Montepara, CEO and co-founder of Sibill.
- The startup will use the €12 million to speed up platform development, add automated payment features, and grow its team to 100 employees by the end of 2025.
