A-Cube, an Italian technology company specializing in automated digital tax compliance, has closed a €4 million funding round led by P101 SGR, one of Italy’s leading venture capital firms. Sella Direct Ventures, a fintech-focused investor, also participated in the round and will make its global network available to the company. The capital will support A-Cube’s expansion across key European markets, accelerate the development of its API-first platform, and fund integration of artificial intelligence models to enhance automation and predictive capability. The Milan-based company, founded in 2018, has processed more than 70 million invoices since 2019 and currently serves more than 450 customers across more than 10 countries.
The funding arrives at a pivotal moment for digital tax infrastructure in Europe. The upcoming VIDA directive — VAT in the Digital Age — is expected to require real-time tax reporting across the European Union by 2028, a regulatory shift that analysts project will drive electronic invoicing adoption to 90% of European companies by 2030 and create a market valued at more than €20 billion. Italy has served as an early proving ground for this transition, having already mandated electronic invoicing and, most recently, electronic payment reporting that came into force in April. A-Cube’s platform connects business systems, financial institutions, and public administrations through a single interoperable architecture, enabling companies to manage compliance across multiple jurisdictions without having to customize for each regulatory environment.
P101 partner Giuseppe Donvito framed the investment as a deliberate doubling down on RegTech, a sector the firm views as increasingly strategic. The transaction marks P101’s second investment in the regulatory technology space, following its 2023 backing of Aptus AI, and its 15th deal through a combination of its Programma 103 vehicles supported in part by the European Union and CDP Venture Capital SGR. A-Cube intends to use the capital to expand into adjacent product areas beyond core tax reporting, positioning itself as a broader technology layer for what it calls Integrated Digital Trade — combining tax, financial, and operational data flows into a single infrastructure layer for multinational companies.
With regulatory harmonization accelerating across Europe and the VIDA directive estimated to generate more than €110 billion in additional VAT revenue over the next decade, A-Cube is positioning itself as essential infrastructure for multinational operators navigating an increasingly complex compliance environment. The company’s PEPPOL network accreditation and existing presence in more than 10 countries give it a foundation to scale with enterprise clients as mandatory e-reporting requirements expand.
KEY QUOTES:
“Global taxation is undergoing a radical shift, where regulatory changes and technological innovation are converging towards increasingly digital and integrated reporting models. Italy has been a pioneer in this space, particularly with the recent mandates on electronic payments. This trend is now sweeping across Europe, with the VIDA directive set for 2028, real-time tax reporting will gradually become the standard.”
Antonino Caccamo, Co-Founder and CTO, A-Cube
“By investing in A-Cube, we are doubling down on Regtech, a fast-growing and increasingly strategic sector. We will support the company in the new phase of growth, seizing the opportunities associated with the spread of electronic invoicing which, in light of regulatory developments, is projected to be adopted by 90% of European companies by 2030, creating a market valued at over 20 billion euros.”
Giuseppe Donvito, Partner, P101
