DataSnipper
“Can an Excel-native document-verification tool evolve into the AI agent platform that runs the audit?”
Founded2017
HQAmsterdam, Netherlands
FoundersMaarten Alblas, Jonas Reibsamen
Total raised~$100M+
Latest roundSeries B (2024)
Valuation$1B (2024)
IndustryVertical SaaS / Audit & Finance
The story
Founded 2017 as a lightweight Excel add-in that let auditors 'snip' evidence from PDFs into workpapers. Grew rapidly across Big-4 and Top-100 accounting firms as a productivity tool for tests-of-detail and reconciliation. In 2024 raised at $1B and repositioned from productivity add-in to full 'Agentic Platform for Audit and Finance' — moving up-stack via LLM agents (DocuMine, Excel Agents) and acquisitions (UpLink) to compete with vertical AI audit players. The company is SaaS-native and does not offer any embedded finance products.
Product timeline
2017
DataSnipper founded in Amsterdam as an Excel add-in for auditors to automate document verification.· founding
2022
Minority growth investment from Insight Partners to accelerate market expansion.· funding
2024
$100M Series B led by Index Ventures at $1B valuation — unicorn status.· funding
2025
Launched AI Agents (Excel Agents, Disclosure Agents) and acquired UpLink for AI-powered PBC document requests.· acquisition
2026
Launched DocuMine LLM-based document Q&A and rebranded as 'Agentic Platform for Audit and Finance'.· product
Acquisitions
The stack
2 layers disclosed in DataSnipper’s embedded-finance stack
Lending
CapchaseCapchase Pay (vendor financing for DataSnipper subscriptions)
Accounting
in the full report
Accounting gap: none
5 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.