Accounting TechnologyFunding Report January 2021
January 2021Published 1 February 2021
Accounting and finance software companies raised US$515m across 9 rounds in January, up 78% on December's US$289m. Payroll and FP&A and forecasting took the largest shares.
US$510mRaisedin January
9Rounds12 in December
US$125mLargestPersonio
US$515m2021 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payroll$125m
FP&A and forecasting$118m
Payables and receivables$110m
Bookkeeping$102m
Spend management$40.5m
ERP and general ledger$18.4m
Top investors
January, rounds led or joined
- Global Founders Capital 3 rounds
- General Catalyst 2 rounds, 1 led
- Index Ventures 2 rounds, 1 led
- Accel 2 rounds
- Coatue Management 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Personio | US$125m | Series D | Index Ventures, Meritech Capital | Payroll |
| Melio | US$110m | Funding round | Coatue Management | Payables and receivables |
| Jedox | US$100m | Funding round | Insight Partners | FP&A and forecasting |
| Pilot | US$60m | Series C | Sequoia | Bookkeeping |
| Indy | €35m | Series B | Singular | Bookkeeping |
| Moss | €21m | Series A | Valar Ventures | Spend management |
| Bob Finance | US$18.5m | Series A | General Catalyst | FP&A and forecasting |
| Pennylane | €15m | Series A | ERP and general ledger | |
| Rho | US$15m | Series A | M13 | Spend management |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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