Accounting TechnologyFunding Report May 2022
May 2022Published 1 June 2022
Accounting and finance software companies raised US$668m across 12 rounds in May, level with April's US$666m. Payables and receivables and payroll took the largest shares.
US$670mRaisedin May
12Rounds15 in April
US$250mLargestRippling
US$4.74bn2022 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payables and receivables$285m
Payroll$269m
Spend management$60m
Tax and compliance$32.3m
Treasury$15m
Audit$6.8m
Top investors
May, rounds led or joined
- Tiger Global 2 rounds, 1 led
- Aquiline Technology Growth 1 round, led
- Bain Capital Ventures 1 round, led
- Bedrock 1 round, led
- Canaan 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Rippling | US$250m | Series D | Bedrock, Kleiner Perkins | Payroll |
| Paddle | US$200m | Series D | KKR | Payables and receivables |
| TransferMate | US$70m | Funding round | Payables and receivables | |
| Zip | US$43m | Series B | YC Continuity | Spend management |
| Column Tax | US$21.7m | Series A | Bain Capital Ventures | Tax and compliance |
| Humi | C$25m | Series B | Kensington Capital Partners | Payroll |
| Coinshift | US$15m | Series A | Tiger Global | Treasury |
| Marvin | US$15m | Series A | Canaan | Payables and receivables |
| Pemo | US$12m | Seed round | Cherry Ventures, Shorooq Partners | Spend management |
| Accountable | €10m | Series A extension | Tax and compliance | |
| Circit | €6.5m | Series A | Aquiline Technology Growth, MiddleGame Ventures | Audit |
| Findity | SEK 50m | Funding round | Spend management |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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