Accounting TechnologyFunding Report May 2021
May 2021Published 1 June 2021
Accounting and finance software companies raised US$166m across 4 rounds in May, down 83% on April's US$964m. Treasury and spend management took the largest shares, and General Catalyst led two rounds, Collective and Pento.
US$170mRaisedin May
4Rounds8 in April
US$100mLargestAgicap
US$2.42bn2021 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Treasury$100m
Spend management$30m
Bookkeeping$20m
Payroll$15.6m
Top investors
May, rounds led or joined
- General Catalyst 3 rounds, 2 led
- DST Global 1 round, led
- Greenoaks 1 round, led
- Avid Ventures 1 round
- BlackFin Capital Partners 1 round
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Agicap | US$100m | Series B | Greenoaks | Treasury |
| Clara | US$30m | Series A | DST Global | Spend management |
| Collective | US$20m | Series A | General Catalyst | Bookkeeping |
| Pento | US$15.6m | Series A | General Catalyst | Payroll |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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