When was Nitrobox founded?

Nitrobox was founded in 2016 and raised its 1st funding round 4 years after it was founded.

Where is Nitrobox located?

Nitrobox is headquartered in Hamburg, Germany.

Who is the current CEO of Nitrobox?

Henner Heistermann of Nitrobox.

Which legal entities is Nitrobox associated with?

Nitrobox is associated with NitroBox GmbH.

How many employees does Nitrobox have?

As of Apr 30, 2026, the latest employee count at Nitrobox is 48.

Is Nitrobox a funded company?

Nitrobox is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Feb 04, 2020.

When was the latest funding round of Nitrobox?

Nitrobox's latest funding was a $***** Series A round on Feb 04, 2020, with participation from 2 investors. Its primary sector is Finance & Accounting Tech. Globally, the Finance & Accounting Tech sector has seen $1.93B in funding in 2026 to date.

Where does Nitrobox rank among its competitors?

Nitrobox ranks 374th amongst 3179 active competitors, of which 243 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Pennylane, which secured $205M in Jan, 2026.

Who are the top competitors of Nitrobox?

Nitrobox's top competitors include Ramp, Intuit and Vyapar. Among them, Pennylane secured the most recent funding round in January, 2026.

Nitrobox - 2026 Company Profile, Team, Funding, Competitors & Financials

Nitrobox is a series A company based in Hamburg (Germany), founded in 2016 by Sven Grimminger and Henner Heistermann. It operates as an Online accounting software. Nitrobox has raised an undisclosed amount in funding from NeueCapital and Porsche Ventures. The company has 3179 active competitors, including 243 funded and 186 that have exited. Its top competitors include companies like Ramp, Intuit and Vyapar.

Company Details

Nitrobox is online accounting software for businesses. Features solutions for contract management, invoice management, collection management, tax management, financial reporting, and more. Clients include Capgemini, Elli, Daimler, and others.

Website: www.nitrobox.com/
Social
Email ID: *****@nitrobox.com
Phone Number: +49 **********

Key Metrics

Founded Year

2016

Location

Hamburg, Germany

Stage

Series A

Latest Funding Round

Series A, Feb 04, 2020, $*****

Investors

NeueCapital & 3 more

Ranked

374^th among 3179 active competitors

Employee Count

48 as on Apr 30, 2026

Similar Companies

Ramp & 434 more

View Nitrobox's full profile

Nitrobox is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NitroBox GmbH CIN: HRB125192 , Germany, Active	Nov 13, 2012	-	14 (As on Dec 31, 2020)

Nitrobox has raised funding over 1 round. Its latest funding round was a Series A round on Feb 04, 2020 for $*****. 2 investors participated in its latest round. Nitrobox has 4 institutional investors.

Here is the list of recent funding rounds of Nitrobox:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 04, 2020	5617765	Series A	1058352	9947006	5675513	3401377

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View details of Nitrobox's funding rounds and investors

The founders of Nitrobox are Sven Grimminger and Henner Heistermann.

Here are the details of Nitrobox's key team members:

Sven Grimminger: Co-Founder of Nitrobox and founder of 1 other company.
Henner Heistermann: Co-Founder & CEO of Nitrobox and founder of 1 other company.

View details of Nitrobox's Founder profiles and Board Members

Nitrobox's employee count trend

Nitrobox has 48 employees as of Apr 26. Here is Nitrobox's employee count trend over the years:

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Top competitors of Nitrobox include Ramp, Intuit and Vyapar. Here is the list of Top 10 competitors of Nitrobox, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ramp 2019, New York City (United States), Series E	Provider of a platform for spend management, corporate cards, and payables	$2.44B	Founders Fund, Coatue & 62 others	85/100
2nd	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	Europa, TriplePoint Capital & 25 others	83/100
3rd	Vyapar 2017, Bengaluru (India), Series B	Provider of GST billing, inventory, and accounting software for small businesses	$35.9M	WestBridge Capital, India Quotient & 14 others	80/100
4th	Pennylane 2020, Cherbourg en Cotentin (France), Series E	App & cloud-based accounting and financial management solutions for businesses	$442M	Sequoia Capital, DST Global & 8 others	77/100
5th	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	77/100
6th	FreeAgent 2007, Edinburgh (United Kingdom), Acquired	Cloud-based accounting software for small businesses, freelancers, and accountants	$21.9M	Iris Software, SM TRUST & 23 others	76/100
7th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	Hurlingham Partners, TCV & 9 others	75/100
8th	Wave 2010, Toronto (Canada), Acquired	Web-based accounting software for businesses	$82.4M	CRV, BDC & 20 others	74/100
9th	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of cloud-based enterprise software solutions for accounting, finance, and people management	-	91Springboard, Itz Cash Card & 45 others	72/100
10th	Digits 1995, San Francisco (United States), Acquired	SMS based customer authentication and verification service	$97.5M	SoftBank Vision Fund, Google Ventures & 23 others	69/100
374th	Nitrobox 2016, Hamburg (Germany), Series A	Online accounting software	-	Porsche Ventures, HEARTFELT_ & 2 others	32/100