LucaNet

Lucanet
TypePrivate
IndustrySoftware, Tech Services
Founded1999 (1999)
FoundersRolf-Jürgen Moll, Oliver Schmitz
Headquarters
Berlin
,
Germany
Area served
Worldwide
Key people
Elias Apel (CEO)
ProductsFinancial software
ServicesConsolidation and Financial Planning, ESG Reporting, Disclosure Management, XBRL, Tax Compliance and Reporting, Lease Accounting, Banking and Cash Management, Extended Planning and Analysis
Number of employees
~900 (2026)

Lucanet is a financial software company founded in 1999 in Germany. Its software is compatible with all common ERP systems and databases.[1] The company's name is inspired by Luca Pacioli, known for writing the first treatise on double-entry bookkeeping.[2]

History

Lucanet was founded in 1999 in Berlin, Germany, by Rolf-Jürgen Moll and Oliver Schmitz. The company developed the first software for consolidation and planning in one data model.[3][4]

In 2006, the company opened its first location outside of Germany, in the Netherlands.[5]

In 2022, the company partnered with the British equity firm Hg Capital, a global software and services investor.[6][7] The same year, it also partnered with PAS Financial Advisory and acquired Belgian distributor SEEFO to expand in Belgium and Luxembourg.[5]

In 2023, the company acquired AMANA, a provider of accounting and tax software, and ementexx, a digital banking and cash management company.[8][9][10]

Former CRO Dominik Duchon was CEO from 2022 to 2023,[11] and Elias Apel has been CEO since 1 October 2023.[12]

In 2024, Lucanet acquired Causal, a London-based company specialising in financial planning and analysis.[13]

Lucanet has offices in Germany (Berlin, Munich, and Essen), as well as locations in Austria, Switzerland, the Netherlands, Belgium, the UK, France, Spain, Italy, the US, Singapore, Japan, and China. [14] The company employs over 900 people. As of 2026, the company serves over 6,500 organizations.[15][16][17][18]

Product

Lucanet’s CFO Solution Platform is designed to digitalise financial management processes. The SaaS platform integrates key finance functions, including consolidation, extended planning and analysis, disclosure management, ESG reporting, XBRL[19], lease accounting, banking and treasury management, as well as tax compliance and reporting, into a unified cloud-based system. The platform is designed for quick adoption and seamless integration with other systems.[20][21][22][23] In June 2026, Lucanet launched a family of AI agents for financial modelling, variance analysis, and month-end closing.[24]

References

  1. ↑ "Small vendors specialize to compete in BI". ZDNET. Retrieved 2025-05-06.
  2. ↑ Smith, L. Murphy (2018). "Luca Pacioli: The Father of Accounting". SSRN 2320658.
  3. ↑ Gerhardt, Janina (2022-04-13). "Lucanet und Hg werden Partner". www.startbase.de (in German). Retrieved 2024-05-28.
  4. ↑ "LucaNet Reviews & Erfahrungen 2024". BARC (in German). Retrieved 2024-06-03.
  5. 1 2 Lew, Magdalena (2022-10-21). "LucaNet Acquires Belgian Distributor Seefo". EU Business News. Retrieved 2024-05-28.
  6. ↑ "Hg backs LucaNet". QuotedData. 2022-04-12. Retrieved 2024-05-28.
  7. ↑ "G Squared investiert 102 Millionen in Choco - Procuros bekommt 9 Millionen - Habyt fusioniert mit Hmlet". deutsche-startups.de (in German). 2022-04-12. Retrieved 2024-05-28.
  8. ↑ Eich, Jakob (2023-09-12). "Lucanet steigt ins Treasury-Geschäft ein". DerTreasurer (in German). Retrieved 2024-05-28.
  9. ↑ Dentz, Markus (2023-11-27). "Lucanet übernimmt Ementexx: die Hintergründe". DerTreasurer (in German). Retrieved 2024-06-03.
  10. ↑ Eich, Jakob (2023-09-12). "Lucanet steigt ins Treasury-Geschäft ein". DerTreasurer (in German). Retrieved 2024-06-03.
  11. ↑ "Vieles neu bei Lucanet". www.it-zoom.de (in German). 2022-05-14. Retrieved 2024-05-28.
  12. ↑ "Lucanet mit neuem CEO". www.it-zoom.de (in German). 2023-10-04. Retrieved 2024-05-28.
  13. ↑ "German CFO tech firm swoops for Causal". BusinessCloud. BusinessCloud Media. 2 May 2024. Retrieved 6 May 2025.
  14. ↑ "Locations – Lucanet offices worldwide". Lucanet. Retrieved 22 July 2026.
  15. ↑ "Hg backs LucaNet". QuotedData. 2022-04-12. Retrieved 2025-05-06.
  16. ↑ "Evelyn and LucaNet partner to streamline financial reporting". 2023-11-10. Retrieved 2025-05-06.
  17. ↑ Eich, Jakob (2023-09-12). "Lucanet steigt ins Treasury-Geschäft ein". DerTreasurer (in German). Retrieved 2025-05-06.
  18. ↑ Bacudo, Karen Joy. "Lucanet expands into Japan as ARR tops EUR €200 million". CFOtech Asia. Retrieved 2026-07-22.
  19. ↑ "Lucanet XBRL Tagger - XBRL Certified Software". software.xbrl.org. Retrieved 2026-07-22.
  20. ↑ "Reporting extra-financier : la révolution". www.latribune.fr (in French). 2023-12-07. Retrieved 2025-05-06.
  21. ↑ "Donner aux CFO modernes les moyens d'agir grâce à la CFO Solution Platform". www.latribune.fr (in French). 2024-07-18. Retrieved 2025-05-06.
  22. ↑ "LucaNet AG - Company Profile and News". Bloomberg. Bloomberg L.P. Retrieved 6 May 2025.
  23. ↑ Symcox, Jonathan (2024-10-31). "German 'CFO tech' firm swoops for Causal". BusinessCloud. Retrieved 2025-05-06.
  24. ↑ Bacudo, Karen Joy. "Lucanet launches AI agents for finance & tax teams". CFOtech UK. Retrieved 2026-07-22.
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