Aico

Canaccord Genuity Advises Aico on its Investment from Accel-KKR

Canaccord Genuity is pleased to announce it has advised Aico, an end-to-end financial close software platform, on its investment from Accel-KKR, a global technology investor. 

Aico’s end-to-end SaaS platform addresses highly complex, multi-national, and multi-ERP back-office configurations with tight integration to these systems. Aico stands out against other players in the market due to its configurability, which makes Aico’s platform highly adaptive to its enterprise clients’ complex environments and needs, its user-friendly single platform approach, and a unique ability to push and pull data in real-time to other systems, including ERPs. 

The company currently serves leading European enterprise customers, such as AkzoNobel, International Airlines Group (IAG), Syngenta, Outokumpu, SKF, and other companies in the Fortune 500. Established in 2019 in Finland, Aico has offices in Finland, Germany, UK and Latvia.

Accel-KKR joins current investors, Juuri Partners, as backers of Aico. With this investment, Aico will seek to bolster its market expansion across Europe, especially in the DACH region, and continue to develop its financial close platform. 

Marko Voutilainen, CEO of Aico Group said “We have come a long way with Juuri, from a business focused mainly on the local Finnish market to a truly multi-national enterprise SaaS company. I have valued the systematic, hands-on, open, and constructive cooperation with the Juuri team. I am truly excited to have the deep software experience that Accel-KKR will bring to support our management team. We are very pleased to have two experienced growth investors advancing our journey to become a major player in the financial close automation market.”