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Accounting North America Real Estate Rental Property Software

DoorLoop Raises $10M in Seed Round

– DoorLoop is a Miami FL-based rental property management software company.
– The company raised $10M in Seed funding.
– The round was led by DoorLoop’s founders and private investors.
– The company intends to use the funds to further invest in its technology platform, recruiting efforts and marketing initiatives.

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Accounting Artificial Intelligence Financial Services FinTech North America

Vic.ai, an AI-powered accounting automation platform, raises $50M

– Vic, a startup developing software to automate accounting and financial processes, announced that it closed a $50m series B financing round with participation from GGV Capital, Cowboy Ventures, and Costanoa Ventures.
– Pivoting away from its initial focus on accounting professionals, Vic says it’ll use the capital to expand its existing enterprise offering as well as build out its financial intelligence engine.

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Accounting Cloud Computing E-Commerce FinTech North America SaaS Small and Medium Businesses Software

Accounting platform Synder raises $2M to automate e-commerce bookkeeping

– Synder raised $2m in seed funding.
– The round was acquired before going into the accelerator program.
– The company bills itself as an easy accounting platform for e-commerce businesses.
– It was originally founded as CloudBusiness in 2016 and developed accounting automation and management of business finances for small and mid-size businesses.
– Synder, in 2018, focused on the company full-time to develop an easy way for commerce companies to shift to omnichannel sales.
– The company is already working with 4,000 clients, and will now be fast-tracking their expansion.

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Accounting FinTech Information Services North America Software

Lockstep Receives Strategic Investment From Amex Ventures

– Lockstep, a Seattle, WA-based connected accounting platform, received a strategic investment from Amex Ventures.
– The amount of the deal, which finishes out the A+ round and brings total funding to $17M since inception, was not disclosed.
– The company intends to use the funds to expand personnel in product, engineering, and marketing.

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Accounting Billing FinTech North America Payments Small and Medium Businesses Software

FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform

FreshBooks, a cloud accounting software company, raised $80.75m in Series E funding, as well as $50 million in debt financing.
With the new capital injection, FreshBooks has now raised a total of more than $200m in funding over its lifetime.
FreshBooks was started to solve a pain point for one of its founders. In 2003, FreshBookscofounder Mike McDerment was running a small design agency. When it came to billing clients, he found Word and Excel frustrating to use and felt like they werent built to create professionallooking invoices. So he coded his own solution that became the foundation of what is now FreshBooks.

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Accounting Artificial Intelligence Finance Financial Services FinTech North America

Zeni Raises $34M in Series B Funding

– Zeni is a Palo Alto, CA-based AI-powered finance concierge startup.
– The company raised $34m in Series B funding.
– The round was led by Elevation Capital with participation from new investors Think Investments and Neeraj Arora and existing investors Saama Capital, Amit Singhal, Sierra Ventures, Twin Ventures, Dragon Capital and Liquid 2 Ventures.
– The company will use the funds to bring its intelligent bookkeeping and accounting platform and services to more customers by investing in its team in the U.S. and India across product, technology, marketing, sales, and finance operations.

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Accounting Cryptocurrency Financial Services FinTech North America Software

ZenLedger Raises $6M in Series A Funding

– ZenLedger is a cryptocurrency tax software and blockchain analytics startup.
– Company raised $6m in Series A funding.
– The round was led by Bloccelerate VC with participation from Mark Cuban’s Radical Ventures, G1 VC, Borderless Capital, 4RC, Centrality, BIGG Digital Assets, CoinGecko, Accelerator Ventures, angel investors Jon Staenberg and Darren Lau, as well as previous investors Vestigo Ventures, Castle Island Ventures, Migration Capital, Blackwater Capital, and Karl Muth.
– The company intends to use the funds to release its cryptocurrency portfolio management solution, to grow its team through new hires in marketing, enterprise sales, customer service, and software engineering, to further advance the product and customer experience.

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Accounting B2B Enterprise Software North America SaaS Software

Accounting automation and collaboration platform FloQast raises $110M

– FloQast, an accounting collaboration, automation, and close-management platform, has raised $110 million in a series D round of funding at a $1.2 billion valuation.
– The round was led by Meritech Capital, with participation from Insight Partners, Redpoint Ventures, Sapphire Ventures, Coupa Ventures, Polaris Partners, and Norwest Venture Partners.
– Financial close management is the business process of checking and adjusting account balances at the end of each month or other predefined period to publish compliant financial reports for regulators, managers, shareholders, or any other stakeholder that needs to know a company’s current financial position.

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Accounting Advice Finance Financial Services Freelance North America

Paro Raises $25M in Series B Funding

– Paro is a Chicago, IL-based startup on-demand financial expertise company.
– The company raised $25m in Series B funding.
– The round was led by Madrona Venture Group, with participation from existing investors Revolution Ventures, Sierra Ventures and KGC Capital.
– The new investment will be used to accelerate the company’s growth domestically and internationally as well as invest in its AI–powered professional services marketplace.

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Accounting Banking Developer APIs Financial Services FinTech Mobile Payments North America Payments

Dwolla Raises $21M in Funding

– Dwolla is a Des Moines, Iowa-based modern payments platform provider.
– Company raised $21m in funding.
– The round was led by Foundry Group with participation from Park West Asset Management LLC, Union Square Ventures, Detroit Venture Partners, Firebrand Ventures and Next Level Ventures, and Jeremy Andrus, CEO of Traeger.
– The new investment will be used to conduct growth initiatives with international payments, expansive partner relationships through a partner API and further accelerate its product roadmap focused on a real-time payments experience.

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Accounting Artificial Intelligence Financial Services FinTech Information Technology Machine Learning North America Property Management Real Estate Software

Accounting firm Proper banks $9M Series A to automate property management

– Proper, an automated accounting and bookkeeping service for property managers, announced it raised $9 million in Series A funding in a round led by QED.
– Existing investors MetaProp, Expa and Bling Capital also participated in the round, which gives the San Francisco-based proptech company a total amount raised of $13.8 million.
– The company brought in $4.8 million of seed funding last August.
– Proper’s tech-enabled service is designed to execute those specific real estate accounting-related processes and apply automation to those that are repetitive.
– The company said property managers with 1,000 doors can see 63% higher profit margins and spend 45% less time per year on accounting.
– Rojas says accounting automation in real estate has been neglected with few startups stepping up to solve it like Proper is.

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Accounting Content Creators North America Outsourcing Professional Services Virtual Assistant Web Development

Belay Receives Investment From Tenex

– Belay, an Atlanta, GA-based virtual staffing company that offers assistants, bookkeepers, social media strategists, and website specialists services, received a strategic investment from private equity firm Tenex.
– The amount of the deal was not disclosed.
– The investment will enable the company to continue to expand operations and its business reach.

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Accounting North America SaaS Small and Medium Businesses Software

Canopy Raises $11M in New Funding Round

– Canopy announced it has received $11m in new funding from investors including Ankona Capital.
– The round includes new investor Ankona Capital as well as existing investors NewView Capital, Pelion Venture Partners and Tenaya Capital among others.
– This new capital will be used to continue to build the accounting industry’s first cloud-first, mobile, modern practice suite.
– Canopy is investing in the development of its product in order to be at the forefront of this trend, identifying pain points and delivering value to customers while developing the innovative solutions accounting professionals need to operate successfully.
– The accounting industry continues to undergo a shift towards cloud-based solutions built with both the accountant and the accountant’s client in mind – a trend that was accelerated by the pandemic.

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Accounting E-Commerce FinTech Small and Medium Businesses Software Southeast Asia

Osome raises $16M to automate repetitive accounting tasks

– AI-powered accounting platform Osome announced that it raised $16 million in a series A funding round.
– The company plans to put the proceeds, which bring its total raised to over $24 million, toward expanding its footprint internationally and building new product integrations.
– Studies show that the vast majority of day-to-day accounting tasks can be automated with software.
– That may be why over 50% of respondents in a survey conducted by the Association of Chartered Certified Accountants said they anticipate the development of intelligent systems will have a significant impact on accounting businesses over the next 30 years.
– Another report found that 96% of accountants are positive about the role that automation will play in their day-to-day processes, with 89% viewing automating data entry and reporting as a way to create more value-add service for clients.

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Accounting Credit FinTech Small and Medium Businesses Southeast Asia

BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater

– BukuWarung, a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced it has raised a $60 million Series A.
– The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital.
– The Jakarta-based startup claims this is the largest Series A round ever raised by a startup focused on services for MSMEs.
– BukuWarung did not disclose its valuation.
– Other participants included returning backers and angel investors like Aldi Haryopratomo, former chief executive officer of payment gateway GoPay, Klarna co-founder Victor Jacobsson and partners from SoftBank and Trihill Capital.

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Accounting Enterprise Software North America Risk Management

Cyber risk platform Brinqa nabs $110M amid surge in breaches

– Brinqa, a cyber risk analytics platform based in Austin, Texas, announced it has raised $110 million in growth capital from investment firm Insight Partners.
– Brinqa says it will put the funding, its first institutional investment, toward continued business growth and market expansion.
– According to Markets and Markets, the security orchestration, automation, and response (SOAR) segment is expected to reach $1.68 billion in value this year, driven by a rise in security breaches and incidents and the rapid deployment and development of cloud-based solutions. Data breaches exposed 4.1 billion records in the first half of 2019, Risk Based Security found. This may be why 68% of business leaders in a recent Accenture survey said they feel their cybersecurity risks are increasing.

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Accounting Construction Real Estate Western Europe

Matera raises another $43 million to turn residential building management into SaaS

– French startup Matera has announced that it has raised a new $43m funding round.
– The round was led by Mubadala Capital and joined by Bpifrance, Burda Principal Investments as well as existing investors Index Ventures and Samaipata.
– The company is building a vertical SaaS for residential property management.
– In France, co-owners of the common space of a building can decide to ditch the company that handles residential building management for them and do it themselves.
– It could work particularly well for small buildings with 10 or 15 apartments.
– When co-owners vote to switch to Matera, they get a web-based platform and a mobile app to view information and see all the contracts with various partners — think about elevator maintenance, heating maintenance, water, electricity, etc.

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Accounting Enterprise Resource Planning (ERP) Finance FinTech Southeast Asia

Corporate FinTech Company FinLync Raises $16 Million

– FinLync is a privately held global fintech company, which transforms corporate finance and treasury offices through its renowned products.
– The company raised $16m in Series A funding.
Point72 Ventures led the funding round and included investments from Nyca Partners, former CFO of Palantir and Founding Partner of Friends & Family Capital Colin Anderson, and Plaid Founder William Hockey.
– FinLync is essentially bringing speed, simplicity and greater transparency and control to finance and treasury professionals globally.
– The company’s technology enables corporate finance and treasury departments to have greater control and visibility over their data than legacy treasury management systems provide while also benefiting from financial institution-grade security.
– FinLync’s global bank partners include J.P. Morgan and Standard Chartered, among other leading banks.

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Accounting North America Software

Stampli Raises $50M in Series C Funding

– Stampli, a Mountain View, Calif.-based AI-driven AP Automation company which enables CFOs and controllers to close the disconnect between accounts payables and the broader organization, raised $50m in Series C funding.
– The round was led by Insight Partners with participation from SignalFire and Nextworld Capital, which joined UpWest, Hillsven, Bloomberg and Naver Corp.
– As part of this funding round, Praveen Akkiraju, Managing Director at Insight Partners, will join the Stampli Board of Directors.

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Accounting Apps Financial Services FinTech North America Personal Finance

Keeper Tax Raises $13M in Series A Funding

– Keeper Tax is a San Francisco, CA-based tax filing software for gig workers, creators and freelancers.
– The company raised $13m in Series A funding.
– Backers included e.ventures, Matrix Partners, Foundation Capital, Lattice CEO and co-founder Jack Altman, Digits CEO and Crashlytics co-founder Jeff Seibert, and Segment president and co-founder Ilya Volodarsky.
– The company intends to use the funds to grow its team, including hiring people to support customers, build out its artificial intelligence capabilities to support more types of 1099 job roles, and expand its user base in the US and abroad.

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Accounting Apps Computer Vision Construction Developer APIs Enterprise Software Intelligent Systems Mobile Apps North America SaaS Small and Medium Businesses

Veryfi Raises $12M in Series A Financing

– Veryfi from San Mateo develops a data transformation platform for the enterprise and technology corporations.
– Series A $12M round was led by NewView Capital with participation from TI Platform Management and existing investor Act One Ventures.
– The new investment will be used to expand operations and business reach.

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Accounting Artificial Intelligence Document Management Document Preparation FinTech Information Technology North America Real Estate Software

Scrypt AI Closes Seed Funding

– Scrypt AI announced that it has closed its first round of funding.
– The investment round was led by Shai Stern, Co-Chairman and CEO of CheckAlt; joined by fintech leaders such as Cross River Bank, Michael Weinberger (former Partner at York Capital Management); Omri Dahan (former Chief Revenue Officer at Marqeta); and Ryan Gilbert (Partner at Propel Venture Partners), among others.
– Scrypt AI has operationalized an end-to-end AI data capture platform for automatic document digitization and payment processing.

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Accounting Business Intelligence Data Visualization Finance North America SaaS Software

KPI Sense Raises $1.1M in Seed Funding

– KPI Sense is a strategic finance platform for SaaS companies.
– The company raised $1.1m in seed funding.
– The round was led by Network Ventures, with strategic participation by Goldin Ventures and other angel investors.
– The new investment will be used to build out its engineering and product teams for product development and launch its platform.

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Accounting Artificial Intelligence FinTech North America SaaS

HighRadius Raises $300M Series C at $3.1 Billion Valuation to Accelerate Growth in Order-to-Cash and Treasury Markets

– HighRadius has raised $300m in a Series C round at a valuation of $3.1B.
– The investment was led by D1 Capital and Tiger Global with participation from existing investors ICONIQ Growth and Susquehanna Growth Equity.
– The round also included investments from tech industry leaders, Frank Slootman, Chairman and CEO of Snowflake; Michael Scarpelli, CFO of Snowflake; Tooey Courtemanche, CEO of Procore Technologies; and Howie Liu, Co-founder and CEO of Airtable.

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Accounting Financial Services FinTech North America Professional Services Software

Meet the Newest Fintech Unicorn: Bezos Expeditions & Whale Rock join Pilot’s Push to Modernize the Back Office

– Pilot, the largest provider of back office services for startups and small businesses in the U.S., announced today that it has closed on additional funding led by Bezos Expeditions (the personal investment company of Jeff Bezos) and Whale Rock Capital, with participation from Sequoia Capital and Index Ventures, that increases the Series C to $100 million and doubles the company’s valuation to $1.2Bn.
– The additional funding enables Pilot to further expand its breadth of back office services that offload day-to-day distractions and allow small business owners and founders to focus on growth.

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Accounting Bitcoin Blockchain Computer Cryptocurrency FinTech Information Services Information Technology North America Software Virtual Currency

Lukka Raises Additional $53 Million Series D

– Lukka, the leading enterprise crypto asset software and data provider, announced it has completed its $53m Series D round of financing.
– Participants in the round include Soros Fund Management, S&P Global, and CPA.com (a subsidiary of the American Institute of Certified Public Accountants).
– This fundraise follows Lukka’s recent Series C round, which was led by State Street just three months prior.
– This investment will accelerate Lukka’s operations as the leading institutional-grade middle and back office crypto asset software and data provider at a time when the rapid adoption of crypto assets by the traditional financial services industry requires more mature software and data solutions to support business operations.

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Accounting Banking Financial Services FinTech North America Payments

Autobooks Secures $25M in Series B Funding

– Autobooks from Detroit secures $25m in Series B funding.
– The round was led by MissionOG with participation from Renaissance Venture Capital, Detroit Venture Partners and Draper Triangle, along with TD Bank Group.
– The new investment will be used to expand operations domestically as well as enter international markets, accelerate product innovation and further engage with large, enterprise banks.
– The company intends to use the funds to continue to expand operations domestically, as well as enter international markets, accelerate product innovation, further engage with large, enterprise banks and grow its team.

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Accounting Oceania SaaS Software

CIBC Innovation Banking Announces Growth Capital Financing for Practice Ignition

CIBC Innovation Banking is pleased to announce a multi-million dollar growth capital facility for Practice Ignition Pty Ltd.
– The financing will be used to deepen its investment in its proprietary product and technology, and further accelerate its global growth momentum.
– Practice Ignition provides a client engagement platform and front office system of record for accountants and bookkeepers that facilitates proposals, payments and business insights.
– Through one digital signature, Practice Ignition automates dynamic workflows, payment collection, and provides valuable data insights to enhance the customer relationship and drive business growth.
– The Practice Ignition team is building a global platform to optimize every aspect of the accountant and client relationship and transform the way accountants and their clients do business together.

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Accounting Artificial Intelligence Finance Financial Services FinTech North America

Zeni Raises $13.5M in Series A Funding

– Zeni is a modern bookkeeping fintech company based in Palo Alto, Calif.
– Company raised $13.5m in Series A funding.
– The round was led by Saama Capital with participation from Amit Singhal, Sierra Ventures, SVB Financial Group, Liquid 2 Ventures, Firebolt Ventures, Dragon Capital, and Twin Ventures, with additional prominent angel investors.
– The new investment will be used to expand operations and business reach.

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Accounting Banking Europe Finance FinTech Freelance Small and Medium Businesses

Countingup closes £9.1M for its business current account with built-in accounting features

– Countingup, a U.K. fintech offering a business current account with built-in accounting features, has closed £9.1m in Series A funding.
– The round was led by Framework Venture Partners, with participation from Gresham House Ventures, Sage and existing investors.
– It brings Countingup to a valuation of $50m.
– The company plans to use the funding to quickly scale up the team from 30 to 80 people.

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Accounting Artificial Intelligence Machine Learning Mobile North America

Docyt raises $1.5M for its ML-based accounting automation platform

– Docyt, a Santa Clara-based company, raised $1.5m seed extension funding.
– The round was led by First Rays Venture Partners with participation from Morado Ventures and a group of angel investors.
– The company plans to use the new investment to accelerate its customer growth.

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Accounting Advice Europe Legal

Ageras nabs $73M at a $244M valuation for its accountancy marketplace and bookkeeping tech stack

– Ageras Group, a Danish startup, raised $73m in Series C funding.
– The round was led by Lugard Road Capital and joined by previous investors Investcorp and Rabo Bank.
– The company plans to use the funding to expand into what it generally describes as “growth markets” — new countries, new customer segments and also adding more services to its software stack — both through organic growth and acquisitions.

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Accounting Cloud Computing Enterprise Software Europe Non Profit SaaS Small and Medium Businesses Software

AccountsIQ Raises €5.8M in Funding

– AccountsIQ, a London, UK- and Dublin, Ireland based provider of a Financial Management Software (FMS) platform for mid-market SMEs with multiple subsidiaries, branches and locations, secured €5.8M in funding.
– The company will use the funds to continue to expand operations and its business reach.

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Accounting Information Services North America Software

Connected Accounting Company Lockstep Raises $10 Million

– Lockstep is a connected accounting cloud company.
– The company raised $10m in Series A funding.
Point72 Ventures led the round and was joined by Clocktower Ventures and Revel Partners.

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