5starts alum ChillBill raises six-digit Seed investment
ChillBill just announced they raised a six-digit Seed investment. Online SaaS ChillBill offers automatic bookkeeping for SME and a white label solutions for audit firms.
Strategic investors RelaxTax, a consortium of the pioneers of digitization in accounting (including eCounting Graz, Ecovis Austria, Europa Treuhand, KE Steuerberatungs GmbH, SOT Süd-Ost Treuhand, Mader & Kleinschuster Steuerberatung, Grossek & Partner) and business angel Klaus Müller, former Industry Head at Google, jointly invested in the start-up venture.
We know from our own experience that digitizing the processes in tax consultancies to electronic workflows is a major change, yet a necessary step for the industry. Without digital competence, managing a modern accounting firm is no longer possible. ChillBill helps tax consultancies and their clients to implement necessary changes simply and efficiently.
Johannes Pichler, Managing Director RelaxTax
Müller previously invested in Wikitude.
The innovation and the founding team of ChillBill immediately convinced me as a business angel. They solve a clear problem for a large target group. I look forward to opening up new markets through online marketing.
Speeding up product development
ChillBill plans to use the investment for Product Development and Sales.
We will introduce the first parts of truly automatic bookkeeping by the end of the year. To that end we hired a technical mathematician who will improve our machine learning and an UX developer to make ChillBill even easier to use.
Clemens Helm, Co-founder & CEO ChillBill
ChillBill participated in the first 5starts batch and graduated at the 2016 June 2nd Demo Day. With the help of the 5starts accelerator program ChillBill shifted focus from B2C to B2B(2C) and established partnerships with accountancy firms. ChillBill was awarded Best FinTech start-up Austria in the 2016 Central European Startup Awards.
ChillBill is selected to join the 2017 Go Tel Aviv program, organized by the WKO (Austrian Chamber of Commerce), and meet with potential strategic partners and future VCs. In 2016 ChillBill received a €170k research grant from FFG.
ChillBill is looking for a Senior Developer to join their team of seven: management Clemens Helm, Wendelin Amtmann and Georg Schmidinger, product team Pilar Huidobro, Pamina Georgiou, Artemis Linhart, Eva Lettner and Aleksander Markovic.
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