Benford raises €5m in pre-seed funding to expand its automated audit operations across Europe.
The financing round was led by firstminute capital and Global Founders Capital.
≈ £4.3M at €1 = £0.8579 on 22 Sep 2026
Benford operates as a licensed audit firm combining automated technology with statutory services for small and mid-sized enterprises.
Benford has secured €5m in pre-seed financing to support its European expansion and grow its engineering and audit teams. The investment round was led by firstminute capital and Global Founders Capital, with participation from Sondo and prominent industry founders including representatives from Pennylane, Qonto, and Amesto.
Unlike conventional audit technology vendors that sell software tools to established accounting firms, Benford operates as a licensed statutory auditor itself. The company deploys its proprietary AuditOS platform to integrate directly with corporate financial systems, automating routine data gathering and analysis previously performed manually by junior staff.
The freshly secured capital will enable the firm to scale its operations beyond Norway into Sweden and the wider European market.
From the founder
"Audit is one of the few services where the customer experience has got worse every year while the bill has gone up. We are not changing what an audit is. We are changing how it is delivered."
Thibault Mallion
Co-founder and Co-CEO at Benford
Investor perspective
"The Big Four are pulling back from the mid-market, and the technology to do this properly has only just arrived. Mads, Thibault and Andreas are the rare team that can both build the software and execute a full end-to-end service in a complex industry. That combination is exactly what it takes to build the next generation of audit."
Michael Stothard
Partner, firstminute
Use of funds
- 01Expand into international markets
- 02Scale operations
