Accounting TechnologyFunding Report April 2021
April 2021Published 1 May 2021
Accounting and finance software companies raised US$964m across 8 rounds in April, up 33% on March's US$722m. Spend management and payroll took the largest shares.
US$960mRaisedin April
8Rounds11 in March
US$425mLargestBrex
US$2.26bn2021 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Spend management$560m
Payroll$256m
Payables and receivables$125m
FP&A and forecasting$22.7m
Top investors
April, rounds led or joined
- Tiger Global 2 rounds, 1 led
- Accel 1 round, led
- D1 Capital Partners 1 round, led
- FFL Partners 1 round, led
- QED Investors 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Brex | US$425m | Series D | Tiger Global | Spend management |
| Deel | US$156m | Series C | YC Continuity | Payroll |
| Chargebee | US$125m | Series G | Sapphire Ventures | Payables and receivables |
| Ramp | US$115m | Series B | D1 Capital Partners, Stripe | Spend management |
| Pebl | US$100m | Growth equity | FFL Partners | Payroll |
| Payhawk | US$20m | Series A | QED Investors | Spend management |
| Datarails | US$18.5m | Series A | Zeev Ventures | FP&A and forecasting |
| Causal | US$4.2m | Seed round | Accel | FP&A and forecasting |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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