Transfer pricing platform Aibidia announced a $14 million Series A funding round led by DN Capital and FPV Ventures with participation from existing investors Icebreaker.vc and Global Founders Capital.
Helsinki-based Aibidia plans to use the cash injection to expand the company’s presence in London and Helsinki, as well as continuing to make improvements to its platform, which is designed to help multinational enterprises and their advisors manage global cross-border business and related transfer pricing obligations together.
“At Aibidia we’re helping solve one of the biggest problems for multinational companies,” Hannu-Tapani Leppänen, Aibidia CEO, said in a news release. We’ve built the first data-driven, end-to-end platform where all TP stakeholders can conduct their activities without the time and cost restraints that have plagued the sector for decades. We have big plans for the coming months and years and it’s fantastic to have FPV Ventures, DN Capital, Icebreaker.vc and GFC with us for the journey.”