Accounting TechnologyFunding Report February 2021
February 2021Published 1 March 2021
Accounting and finance software companies raised US$58.8m across 4 rounds in February, down 89% on January's US$515m. Payables and receivables and payroll took the largest shares.
US$60mRaisedin February
4Rounds9 in January
€20mLargestLibeo
US$574m2021 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payables and receivables$24.3m
Payroll$20m
Spend management$13m
Bookkeeping$1.5m
Top investors
February, rounds led or joined
- Emergence Capital 1 round, led
- TLV Partners 1 round, led
- Breega 1 round
- Connect Ventures 1 round
- DST Global 1 round
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Libeo | €20m | Funding round | Payables and receivables | |
| Oyster | US$20m | Series A | Emergence Capital | Payroll |
| Mesh Payments | US$13m | Funding round | TLV Partners | Spend management |
| Docyt | US$1.5m | Funding round | Bookkeeping |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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