Accounting TechnologyFunding Report April 2022
April 2022Published 1 May 2022
Accounting and finance software companies raised US$666m across 15 rounds in April, down 36% on March's US$1.04bn. Payroll and spend management took the largest shares.
US$670mRaisedin April
15Rounds23 in March
US$300mLargestRemote
US$4.07bn2022 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payroll$468m
Spend management$68.3m
Bookkeeping$57.5m
Treasury$50m
Payables and receivables$12m
Audit$4m
Accounting integrations$3.5m
FP&A and forecasting$2m
Top investors
April, rounds led or joined
- Salesforce Ventures 2 rounds
- Ascent Capital 1 round, led
- Blossom Capital 1 round, led
- Dharana Capital 1 round, led
- Flashpoint 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Remote | US$300m | Series C | SoftBank Vision Fund 2 | Payroll |
| Oyster | US$150m | Series C | Georgian | Payroll |
| Modern Treasury | US$50m | Series C extension | Treasury | |
| Treinta | US$46m | Series A | PayU | Bookkeeping |
| ITILITE | US$29m | Series C | Tiger Global, Dharana Capital | Spend management |
| EnKash | US$20m | Series B | Ascent Capital | Spend management |
| Symmetrical.ai | US$18.5m | Series A | Target Global | Payroll |
| Zevoy | €15m | Series A | Blossom Capital | Spend management |
| Docyt | US$11.5m | Series A | Lobby Capital | Bookkeeping |
| Gaviti | US$9m | Series A | Flashpoint | Payables and receivables |
| Audit Sight | US$4m | Seed+ | Audit | |
| Uplinq | US$3.5m | Pre-seed round | N49P, Surface Ventures | Accounting integrations |
| Streamlined | US$3m | Seed round | Greycroft, SignalFire | Payables and receivables |
| Archa | A$4m | Funding round | Spend management | |
| Clockwork | US$2m | Seed round | FP&A and forecasting |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
