Accounting TechnologyFunding Report February 2020
February 2020Published 1 March 2020
Accounting and finance software companies raised US$67m across 5 rounds in February, down 88% on January's US$574m. Spend management and payables and receivables took the largest shares.
US$70mRaisedin February
5Rounds9 in January
US$25mLargestRamp
US$641m2020 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Spend management$35m
Payables and receivables$30m
Tax and compliance$2m
Top investors
February, rounds led or joined
- CRV 1 round, led
- Founders Fund 1 round, led
- Rally Ventures 1 round, led
- 645 Ventures 1 round
- Backend Capital 1 round
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Ramp | US$25m | Funding round | Founders Fund | Spend management |
| Paystand | US$20m | Series B | Payables and receivables | |
| Negotiatus | US$10m | Series A | Rally Ventures | Spend management |
| Ordway | US$10m | Series A | CRV | Payables and receivables |
| LumaTax | US$2m | Funding round | Tax and compliance |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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