Marosa 2024 S.L., a provider of VAT compliance and invoicing solutions, announced it secured a €12 million investment from Aquiline, a private investment firm specializing in financial services and tech.
This funding represents Marosa’s “external” capital raise and will help accelerate its growth strategy, expand compliance software and e-invoicing offerings, and “support its global expansion.”
Founded in 2016 by Pedro Pestana da Silva, Marosa is a tech-enabled provider of mission-critical VAT compliance tech and services, catering to “business customers with VAT filing obligations.”
With over 1,200 enterprise and eCommerce customers, Marosa’s flagship software, VATify, offers a solution that centralizes ‘e-invoicing, VAT registration, and reporting.”
The company provides real-time reporting of e-invoices in “response to regulatory requirements in various EU countries.”
The investment from Aquiline will enable Marosa to accelerate product development, go-to-market approach, and international expansion, while capitalizing on “regulatory and market momentum” across Europe.
Regulatory shifts, such as the adoption of mandatory e-invoicing and real-time reporting across Europe, have underscored “the importance of digital VAT compliance solutions.”
Marosa is at the heart of these requirements, as it helps large multinational enterprises seeking to get ahead of “regulatory changes by digitizing e-invoicing and VAT processes.”
Pedro Pestana da Silva, Founder and CEO of Marosa, commented that with this investment, they are prepared ‘to accelerate our R&D, enhance our product offerings, and expand our reach in a complex and evolving market.”
Giovanni Nani, Principal at Aquiline, added that since their first meeting in 2020 they have admired the software and services that Pedro and the Marosa team have been developing for their “growing customer base in an increasingly complex regulatory environment.”
They also noted that Aquiline has a track record of backing bootstrapped financial services and tech entrepreneurs.
Marosa provides VAT compliance and e-invoicing tech solutions, serving enterprise and digital commerce clients across European markets.
Headquartered in Vigo, Spain, Marosa’s flagship software, VATify, centralizes e-invoicing, VAT registration, and reporting, and automates communication with tax authorities, helping businesses stay “ahead of regulatory changes and streamline their VAT compliance processes.”
Aquiline Capital Partners LP is a private investment firm based in New York, London, and Philadelphia that is dedicated “to financial services and technology.”
As of Sept 30, 2024, Aquiline has around $11.3 billion of assets under management and has deployed about $7.0 billion of capital across the firm’s three strategies in “private equity, venture, and credit.”
