Amarris raises €39M to build its own tech and buy up accounting firms
What's the deal? French accounting group Amarris has raised €39 million to fund acquisitions and reduce its reliance on outside software providers.
The round splits into a €15 million equity raise from Naxicap PartnersDealroom has a profile for this one. Try Dealroom →, BNP Paribas DéveloppementDealroom has a profile for this one. Try Dealroom →, Arkea CapitalDealroom has a profile for this one. Try Dealroom →, Ouest CroissanceDealroom has a profile for this one. Try Dealroom →, and manager-partners, plus €24 million in unitranche debt from CIC Private DebtDealroom has a profile for this one. Try Dealroom → and ZencapDealroom has a profile for this one. Try Dealroom →.
Why now? France is rolling out mandatory electronic invoicing, and AI is reshaping how accountants work.
Amarris wants to own its digital tools rather than rent them. "The accounting profession cannot become dependent on a few third-party platforms that control the tools, the data, and tomorrow the profession's artificial intelligence," said founder and chief executive Claude RobinDealroom has a profile for this one. Try Dealroom →.
Since November 2025, the group has made six acquisitions, added more than 230 staff, and now serves over 50,000 clients.
What could go wrong? Rapid roll-up strategies are hard to integrate — six acquisitions in months means folding in teams, systems, and cultures at speed.
Building proprietary software is also costly and slow. Amarris is betting it can out-engineer specialist vendors while absorbing new firms, a tall order for a mid-sized player.
The €24 million debt component adds repayment pressure if growth stalls.
The signal: Now at breakout stage, Amarris has pulled together a syndicate of established French institutional backers — from Naxicap Partners to BNP Paribas Développement and Arkea Capital — that signals confidence in a roll-up model built around owning the technology stack. With France's mandatory e-invoicing looming, that vertical-integration bet could set the template for how Europe's accounting firms defend themselves against dependence on a handful of software platforms.
Read more: Finyear
Image credit: Generated with Gemini
