Accounting TechnologyFunding Report June 2020
June 2020Published 1 July 2020
Accounting and finance software companies raised US$112m across 10 rounds in June, down 62% on May's US$299m. Bookkeeping and payables and receivables took the largest shares.
US$110mRaisedin June
10Rounds8 in May
US$25mLargestBotkeeper
US$1.64bn2020 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Bookkeeping$25m
Payables and receivables$23.9m
Spend management$23.8m
Treasury$11.4m
Accounting integrations$10m
Payroll$8.9m
FP&A and forecasting$6.5m
Tax and compliance$3m
Top investors
June, rounds led or joined
- Elaia 1 round, led
- Elephant 1 round, led
- HDI Seguros 1 round, led
- Mosaic Ventures 1 round, led
- Nexus Venture Partners 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Botkeeper | US$25m | Series B | Point72 Ventures | Bookkeeping |
| iBanFirst | €21m | Series C | Elaia | Payables and receivables |
| Keelvar | US$18m | Series A | Elephant, Mosaic Ventures | Spend management |
| Cobase | €10m | Series A | Treasury | |
| Codat | US$10m | Funding round | Accounting integrations | |
| Humi | C$12m | Series A | Tribe Capital | Payroll |
| Accountfy | US$6.5m | Funding round | Redpoint eventures, HDI Seguros | FP&A and forecasting |
| Neo.Tax | US$3m | Seed round | Tax and compliance | |
| Pactum | US$3m | Seed round | Project A | Spend management |
| Quolum | US$2.75m | Seed round | Surge, Nexus Venture Partners | Spend management |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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