Accounting TechnologyFunding Report November 2020
November 2020Published 1 December 2020
Accounting and finance software companies raised US$113m across 5 rounds in November, down 56% on October's US$256m. Payables and receivables and payroll took the largest shares.
US$110mRaisedin November
5Rounds6 in October
US$68mLargestPaddle
US$2.63bn2020 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payables and receivables$68m
Payroll$35m
Bookkeeping$7m
Spend management$2.9m
Top investors
November, rounds led or joined
- AltaIR Capital 1 round, led
- Crane Venture Partners 1 round, led
- FTV Capital 1 round, led
- Index Ventures 1 round, led
- SEEDS Capital 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Paddle | US$68m | Series C | FTV Capital | Payables and receivables |
| Remote | US$35m | Series A | Index Ventures | Payroll |
| Sleek | US$4m | Seed round | SEEDS Capital | Bookkeeping |
| Osome | US$3m | Seed extension | XA Network, AltaIR Capital | Bookkeeping |
| Paid | £2.2m | Seed round | Crane Venture Partners | Spend management |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
