VIGO, Spain and LONDON, November 7, 2024 /PRNewswire/ – Marosa 2024 SL (“Marosa”), a leading provider of technology solutions for VAT compliance and e-invoicing, today announced that the company has made a €12 million investment Aquiline, a private investment firm specializing in financial services and technology. This financing represents Marosa’s first external capital raising and will help accelerate the company’s growth strategy, expand its compliance software and e-invoicing offerings, and support global expansion.
Founded in 2016 by Pedro Pestana da Silva, Marosa is a technology-enabled provider of business-critical VAT compliance technologies and services, targeting large multinational companies that need to file VAT returns across Europe. With over 1,200 enterprise and eCommerce customers, Marosa’s flagship software, VATifyan end-to-end cloud-based solution that centralizes electronic invoicing, VAT registration and reporting. The company also provides real-time reports on electronic invoices in response to legal requirements in various EU countries.
Aquiline’s investment will enable Marosa to further accelerate product development, market launch and international expansion, while benefiting from significant regulatory and market dynamics in Europe. Recent regulatory changes, such as the introduction of mandatory e-invoicing and real-time reporting across Europe, have highlighted the importance of digital solutions for VAT compliance. Marosa is at the heart of these requirements, helping large multinational companies stay ahead of regulatory changes by digitizing e-invoicing and VAT processes.
Pedro Pestana da Silva, founder and CEO of Marosacommented:
“I am pleased to welcome Aquiline as our first external investor. Over time, we have built a trusting relationship with their team and they truly understand our vision, the technology and our customers’ needs. With this investment we are well positioned to accelerate our research and development, improve our product offering and expand our reach in a complex and evolving market.”
Giovanni Nani, Principal at Aquilineadded:
“Since our first meeting in 2020, we have admired the software and services that Pedro and the Marosa team have developed for their growing customer base in an increasingly complex regulatory environment. Aquiline has a long track record of supporting financial services and technology start-ups. We look forward to working with Marosa in its next phase of growth and supporting the team on their journey to becoming a European leader in VAT compliance and e-invoicing.
Notes for editors
Information about Marosa
Marosa is a leading provider of fully integrated technology solutions for VAT compliance and e-invoicing for businesses and eCommerce customers across Europe. Headquartered in Vigo, Spain, Marosa centralizes flagship software VATify e-invoicing, VAT registration and reporting, and automates communication with tax authorities, allowing companies to stay ahead of regulatory changes and optimize their VAT compliance processes.
For more information, see www.marosavat.com.
Information about Aquiline
Aquiline Capital Partners LP (“Aquiline”) is a New York, London and Philadelphia-based private investment firm specializing in financial services and technology. As of September 30, 2024, Aquiline has approximately $11.3 billion in assets under management has deployed approximately $7.0 billion in capital across the firm’s three strategies in private equity, venture capital and credit.
For more information about Aquiline, its investment professionals and its portfolio companies, please visit www.aquiline.com.
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