Accounting TechnologyFunding Report August 2020
August 2020Published 1 September 2020
Accounting and finance software companies raised US$181m across 7 rounds in August, up 100% on July's US$90.5m. Payroll and payables and receivables took the largest shares.
US$180mRaisedin August
7Rounds5 in July
US$145mLargestRippling
US$1.91bn2020 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payroll$151m
Payables and receivables$12m
Treasury$8.7m
FP&A and forecasting$5m
Bookkeeping$4.8m
Top investors
August, rounds led or joined
- Y Combinator 2 rounds
- Bonfire Ventures 1 round, led
- Episode 1 1 round, led
- Equal Ventures 1 round, led
- Founders Fund 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Rippling | US$145m | Series B | Founders Fund | Payroll |
| Routable | US$12m | Series A | Payables and receivables | |
| Vitesse | £6.6m | Series A | Octopus Ventures | Treasury |
| Cube | US$5m | Seed round | Bonfire Ventures | FP&A and forecasting |
| Proper | US$4.8m | Seed round | Bookkeeping | |
| Wrapbook | US$3.6m | Seed round | Equal Ventures | Payroll |
| Omnipresent | US$2m | Seed round | Playfair Capital, Episode 1 | Payroll |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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