Semine
Semine sells AI-powered software that automates invoice processing and cost allocation for medium to large enterprises. Its platform processes millions of invoices and is used by over 10,000 companies, including Norwegian Airlines and the Salvation Army.
The growth story
Semine grew from 46 to 81 employees between 2022 and 2026, raising $24M along the way, most recently a Series B in July 2022.
About
Semine's SEMINE platform automates financial workflows like invoice data capture and cost allocation, targeting medium to large enterprises and accounting firms. The software aims to reduce manual work in finance departments.
The company raised $24M in a Series B round in July 2022 and has grown to 81 employees. It was recognized by Gartner in 2021 as a key player in intelligent automation, processing millions of invoices annually.
Founders and leadership
Sales is Semine's largest function with 19 employees, suggesting a strong focus on customer acquisition. The company has a median employee tenure of 2 years, indicating moderate turnover.
Departments, and which ones grew
Headcount by function: Engineering 22 (-8% YoY), Sales 20 (+25% YoY), Customer Success and Support 7 (+250% YoY), Information Technology 6 (+20% YoY), Product Management 4 (+33% YoY), Program and Project Management 4 (+33% YoY).
Talent flow
Semine recruits heavily from Norwegian software firms like Unit4 and Visma, with 5 hires each. Alumni often move to smaller tech companies, with Fished and ShellSquare Softeworks being top destinations.
Most common previous employers of Semine staff: Unit4 (5), Visma (5), Basware (4), EVRY (3), Tietoevry (3), Frontbyte Team (3). Former Semine employees most often moved to Fished (4), ShellSquare Softwares (4), Unifon (3), Amesto (2), Energi.ai (2), Sopra Steria (2).
Alumni worth knowing
The Semine mafia
Semine alumni have founded 7 companies, including SuperOffice (321 staff) and Advanzia Bank S.A. (264 staff). Several startups like Fished and Diller also trace back to Semine founders.
7Bjørn Røsten, was CEO until 2026Nishant Fafalia, was Chairman of the Board until 2023Erik Diedrich, was Chief Financial Officer until 2023Jan Høgetveit, was Co - founder & Chief Business Development until 2020Kristian Hoff, was Chief Technology Officer until 2023Lars Mabro Carlsson, was Sales Manager until 2022
Robert Kristiansen, was Founder until 2026Web traffic
Traffic mix: 0% direct, 0% search, 0% social, 0% paid.
What this company is made of
Most common skills at Semine: Project Management (24), Sales (24), Communication (24), Business-to-Business (B2B) (22), Management (22), Business Development (19), Microsoft Office (19), English (18).
Where the team actually sits
Semine people are concentrated in Agder, Norway (18), Oslo, Norway (17), Stockholm County, Sweden (6), Kerala, India (5). 2 offices on record.
Search footprint
Semine attracts about 26 organic search visits a month, traffic worth roughly $0K a month if bought through ads. It gained 6 ranking keywords and lost 4 in the last period.
What employees say
- Compensation
- 3.60 / 5
- Career opportunities
- 4.00 / 5
- Senior management
- 3.20 / 5
- Work-life balance
- 3.30 / 5
Frequently asked
Semine has 81 employees as of September 2026.
Semine has raised $24M in total, most recently a Series B round in July 2022.
The most common previous employers of current Semine staff are Unit4 (5 people), Visma (5 people), Basware (4 people).
Former Semine employees most often move to Fished (4), ShellSquare Softwares (4), Unifon (3).
At least 7 companies have a founder who previously worked at Semine, including SuperOffice, Advanzia Bank S.A., BOHUS Biotech.
Semine attracts about 26 organic search visits a month, worth roughly $0K a month in equivalent ad spend.
The most common skills among Semine staff are Project Management, Sales, Communication, Business-to-Business (B2B), Management.
Semine staff are concentrated in Agder, Norway (18), Oslo, Norway (17), Stockholm County, Sweden (6).
Semine has about 22 people in Engineering, down 8% over the past year, as of September 2026.
Semine has about 20 people in Sales, up 25% over the past year, as of September 2026.
Computed from 70 current and 92 former Semine profiles, as of September 2026. Source: Crustdata.
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