Springtime Technologies funding news – Mödling-based Springtime Technologies has Raised Growth Investment

Springtime's main product, Invoicetrack, automates complex finance and operations tasks. It uses advanced data extraction, an AI-powered matching engine, and country-specific processing expertise to manage invoices in over 70 countries. The company counts clients like Boehringer Ingelheim, Essity, Festo, and Evonik among its customers.

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In sectors like manufacturing, life sciences, and chemicals, where invoices can be complex, Invoicetrack helps companies streamline their accounts payable processes.

Markus Hübl, Founder and CEO of Springtime Technologies, shared his excitement about the partnership with SEP: “Our mission is to transform financial accounting operations by leveraging cutting-edge technology to drive efficiency and accuracy for global enterprises. SEP is a great fit for Springtime because their strategic expertise in high growth software companies and commitment to innovation align perfectly with our goals of expanding our reach and enhancing our product capabilities.”

According to SEP, the accounts payable automation market is growing quickly, valued at over €2.8 million and increasing by about 20% each year. This growth is driven by stricter procurement rules and the challenges of managing complex global supply chains.

Funding Utilisation

The investment from SEP will help Springtime expand its operations, improve its AI-powered platform, and grow its presence worldwide.

SEP’s Principal, Taylor Rampton, praised Springtime’s achievements and potential: “Sprinacgtime has a differentiated and market-leading product offering for large enterprises, and its new AI-enabled framework is delivering significant performance improvements for its customers. Markus, Stefan, and the broader Springtime team have built an outstanding business, which aligns with our strategy to partner with capital efficient software scaleups, particularly where they are delivering clear productivity benefits within large organisations. We are delighted to support the team in the next phase of their journey.”

About Springtime Technologies

Springtime Technologies helps organizations transform their financial processes worldwide. They achieve success by using a unique approach to connect digital systems with physical tasks. They integrate systems, capture documents, and automate decisions and business operations, creating standardized and transparent processes for our customers.