Lucanet
Lucanet AG is a Berlin-based enterprise software company selling a cloud-native CFO Solution Platform covering consolidation, planning, ESG reporting, and tax compliance to 6,000+ finance teams across 50 countries, generating over €200 million in ARR.
- Company typePrivate
- Founded1999
- HeadquartersBerlin, Germany
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Lucanet does
Lucanet AG is a Berlin-headquartered enterprise software company founded in 1999 that sells a cloud-native CFO Solution Platform to finance and tax teams in large and mid-market organizations across 50 countries. The platform integrates eight functional modules — financial consolidation, intercompany reconciliation, financial planning and budgeting, forecasting and scenario planning, ESG reporting, disclosure management, tax compliance (including Pillar 2 and country-by-country reporting), and extended planning and analysis (xP&A) — on a shared five-layer architecture comprising data, semantic, intelligence, deterministic, and conversational layers. A purpose-built data architecture with 300+ pre-built ETL adapters unifies ERP and subsidiary data into a single source of truth, and the proprietary Intelligence Core powers AI agents for tasks such as XBRL tagging, disclosure drafting, variance analysis, and forecasting.
The company serves primarily CFOs, Group Accountants, Controllers, Sustainability Managers, and Head of Tax personas in sectors including insurance (Allianz, Hannover Re), pharmaceuticals (Bayer), automotive (Volkswagen), manufacturing (Leica), food & beverage (Thai Union Group), and leisure (Hotelatelier). It operates a hybrid go-to-market combining direct enterprise field sales with a 180+ partner channel spanning Big4 firms, ERP vendors, and regional implementation partners. Revenue is generated primarily through annual SaaS subscriptions priced per module and organization size, supplemented by professional services and Lucanet Academy training.
Lucanet has completed a three-year cloud migration to AWS (finalized March 2026), surpassed €200 million in ARR by June 2026, and is actively expanding into Asia-Pacific with a new Tokyo office launched in June 2026. The leadership team includes CEO Elias Apel and CTO Kevin Smith, with Elena Aubell on the Executive Board and Benedikt Joeris as Chairman of the Supervisory Board. The company acquired Causal in October 2024 to bolster scenario planning capabilities within the xP&A suite.
Lucanet firmographics
Firmographics- Name
- Lucanet
- Legal name
- Lucanet AG
- Website
- https://lucanet.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Lucanet AG is a Berlin-based enterprise software company selling a cloud-native CFO Solution Platform covering consolidation, planning, ESG reporting, and tax compliance to 6,000+ finance teams across 50 countries, generating over €200 million in ARR.
- Ownership category
- akta.pro rank
Where Lucanet is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Offices5 records
Markets served
Lucanet business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- CFO Solution Platform Subscription: Cloud-based SaaS subscription for the CFO Solution Platform covering financial consolidation, planning, ESG reporting, and tax compliance modules. Pricing based on modules selected and company size. Achieved over €200 million in annual recurring revenue by June 2026.
- Professional Services and Implementation: Implementation services, training through Lucanet Academy, and onboarding support. Team of Professional Services consultants help customers configure and deploy the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom enterprise pricing based on modules and organization size |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels11 records
Lucanet product offering
Product offeringCore offering
Lucanet sells a cloud-native, AI-elevated CFO Solution Platform delivered as a SaaS subscription, covering financial consolidation, intercompany reconciliation, financial planning and budgeting, forecasting and scenario planning, ESG/sustainability reporting, tax compliance and reporting (including Pillar 2 and country-by-country reporting), disclosure management, and extended planning and analysis (xP&A). It is sold to enterprise finance and tax teams via direct field sales, inside sales, and a 180+ partner ecosystem that includes Big4 firms and ERP vendors, with professional services for implementation and training.
Product overview
Lucanet offers a unified CFO Solution Platform with eight integrated modules covering financial consolidation, planning, ESG reporting, and tax compliance. The cloud-native, AI-elevated platform is built on a purpose-built data architecture with 300+ ETL adapters, an Intelligence Core for AI agents, platform services for workflow orchestration, AWS cloud infrastructure, and security certified across international standards. The platform includes Financial Consolidation, Intercompany Reconciliation, Financial Planning and Budgeting, Financial Forecasting, ESG Reporting, Tax Compliance and Reporting, Disclosure Management, and xP&A (Extended Planning and Analysis). Additional specialized solutions include XBRL Suite (Tagger, Cloud, Vision, Auditor), Pillar 2, Country-by-Country Reporting, Management Reporting, BI/Dashboarding, Headcount Planning, Scenario Planning, Operational Planning, Group Controlling, and Banking and Cash Management.
Differentiator
Problem solved
Functional benefit
Brands
- CFO Solution Platform: Cloud-first, AI-elevated platform for financial consolidation, planning, ESG reporting, and tax compliance.
- Intelligence Core
- xP&A (Extended Planning and Analysis)
- Tagger Agent
Products and services
- CFO Solution Platform
Quantifiable outcome
- Reduced reporting period from 25 days to 10 days at Thai Union Group
- +7 more outcomes
Companies that use Lucanet
Customer profileNamed customers11 records
Segments6 records
Ideal customer profiles3 records
Lucanet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability11 records
Feature9 records
Lucanet partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, flagship and minor.
- Amazon Web Services (AWS)coreThree-year cloud transformation partnership completed by migrating from on-premises solutions to cloud-native platform using AWS. AWS assembled dedicated team supporting Lucanet's migration, focusing on modernizing entire software stack. Partnership enables scalable CFO Solution Platform with enterprise-grade security, multi-region redundancy, and 99.9% uptime.
- Big4 Accounting FirmsflagshipGlobal ecosystem of Big4 firms that implement, consult, and support Lucanet solutions. Partners consider Lucanet's CFO Solution Platform as ideal answer to increasing complexity in office of CFO.
- ERP and Accounting Software VendorscorePartnership with leading ERP and accounting software vendors. 300+ pre-built ETL adapters enable integration with diverse ERP systems as part of the platform's data architecture.
- International Professional Service GroupscoreInternational professional service groups in the partner ecosystem that consult, implement, and support Lucanet solutions across various regions.
- Zinc Work LimitedminorBackground check and candidate verification service used in recruitment process. Processes employment history, education records, references, and right-to-work documentation.
- BloomminorMental health support provider offering tailored resources globally to employees for personal and professional challenges. Mix of face-to-face and online support.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Lucanet competitors and assessment
Company assessmentDirect peers
- OneStream Software: Direct competitor in cloud corporate performance management (CPM), offering financial consolidation, planning, and reporting for multi-entity enterprises. Closely aligned with Lucanet's core consolidation and FP&A use cases for CFOs and group accountants.
- CCH Tagetik (Wolters Kluwer): Direct peer offering financial performance management solutions including consolidation, planning, ESG, and tax reporting for complex multinationals. Targets the same office of the CFO buyer with similar multi-GAAP consolidation capabilities.
- Anaplan: Direct competitor in connected planning and FP&A, serving enterprise finance teams with scenario modeling, budgeting, and forecasting. Overlaps directly with Lucanet's Financial Planning, xP&A, and Scenario Planning modules.
- Prophix: Direct peer in financial planning, budgeting, consolidation, and reporting for mid-market and enterprise finance teams. Competes head-to-head with Lucanet in CPM and FP&A workflows.
- Board International: Direct peer in intelligent planning and performance management, combining financial consolidation, budgeting, and operational planning on a unified platform. Comparable buyer and use cases to Lucanet's xP&A suite.
- Workday Adaptive Planning: Direct competitor in cloud FP&A and continuous planning, part of the broader Workday enterprise suite. Targets the same CFO and finance planning personas and is increasingly bundling consolidation-adjacent capabilities.
- Vena Solutions: Direct peer in FP&A, budgeting, and financial planning built natively on Excel workflows, increasingly expanding into consolidation. Competes with Lucanet for mid-market and growth-stage finance teams.
- Jedox: Direct competitor in enterprise planning, budgeting, and financial consolidation with integrated ESG reporting. Comparable to Lucanet on multi-entity consolidation and CPM use cases for CFO offices.
Broad incumbents
- Oracle EPM (Hyperion): Established enterprise incumbent offering financial consolidation, planning, and profitability analytics as part of a broader Oracle ERP/cloud stack. Competes with Lucanet via bundled enterprise deals and deep install base.
Emerging players
- Pigment: Emerging AI-native business planning platform competing in FP&A and scenario planning. Represents the new generation of finance planning tools that could pressure Lucanet's AI and UX positioning over time.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Lucanet social profiles
Digital presenceLucanet financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lucanet leadership team
Management profileNumber of profiles
Profiles17 records
Lucanet funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lucanet M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lucanet
What does Lucanet do?
Lucanet sells a cloud-native, AI-elevated CFO Solution Platform delivered as a SaaS subscription, covering financial consolidation, intercompany reconciliation, financial planning and budgeting, forecasting and scenario planning, ESG/sustainability reporting, tax compliance and reporting (including Pillar 2 and country-by-country reporting), disclosure management, and extended planning and analysis (xP&A). It is sold to enterprise finance and tax teams via direct field sales, inside sales, and a 180+ partner ecosystem that includes Big4 firms and ERP vendors, with professional services for implementation and training.
Is Lucanet a public or private company?
Lucanet is a private company. It is classified as unknown and is currently operating.
When was Lucanet founded?
Lucanet was founded in 1999. It employs 501 to 1,000 people.
Where is Lucanet based?
Lucanet is headquartered in Berlin, Germany, in the Europe region.
How does Lucanet make money?
Two revenue lines are on record. CFO Solution Platform Subscription is the primary driver. The others are professional Services and Implementation.
Who are Lucanet's main competitors?
Direct peers on record are OneStream Software, CCH Tagetik (Wolters Kluwer), Anaplan, Prophix, Board International, Workday Adaptive Planning, Vena Solutions and Jedox. Oracle EPM (Hyperion) is listed as a broad incumbent. Pigment is listed as an emerging player.
Does Lucanet have an API?
No public API is recorded for Lucanet.