Accounting TechnologyFunding Report June 2022
June 2022Published 1 July 2022
Accounting and finance software companies raised US$816m across 19 rounds in June, up 22% on May's US$668m. Payroll and payables and receivables took the largest shares.
US$820mRaisedin June
19Rounds12 in May
US$200mLargestPersonio
US$5.55bn2022 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payroll$292m
Payables and receivables$186m
Spend management$105m
Accounting integrations$100m
Tax and compliance$50m
FP&A and forecasting$30m
Treasury$27m
ERP and general ledger$13m
Bookkeeping$9.2m
Close and reconciliation$4.3m
Top investors
June, rounds led or joined
- Commerce Ventures 2 rounds
- XAnge 2 rounds
- Y Combinator 2 rounds
- Arthur Ventures 1 round, led
- Battery Ventures 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Personio | US$200m | Series E extension | Greenoaks | Payroll |
| PayCargo | US$130m | Series C | Payables and receivables | |
| Codat | US$100m | Series C | J.P. Morgan Growth Equity Partners | Accounting integrations |
| Juni | US$100m | Series B | Mubadala Capital | Spend management |
| Autobooks | US$50m | Series C | Macquarie Capital Principal Finance | Payables and receivables |
| WorkMotion | US$50m | Series B | Canaan | Payroll |
| Cube | US$30m | Series B | Battery Ventures | FP&A and forecasting |
| April | US$30m | Series A | Treasury | Tax and compliance |
| Hourly.io | US$27m | Series A | Glilot Capital Partners | Payroll |
| Trovata | US$27m | Series B | Fin Capital | Treasury |
| Ledgible | US$20m | Series A | EJF Capital | Tax and compliance |
| Finch | US$15m | Series A | Menlo Ventures | Payroll |
| Cryptio | US$10m | Series A | Point Nine | ERP and general ledger |
| Decimal | US$9.22m | Seed round | Arthur Ventures | Bookkeeping |
| Request Finance | US$5.5m | Seed round | Payables and receivables | |
| Proper | US$4.3m | Seed round | Redpoint Ventures | Close and reconciliation |
| HostBooks | US$3m | Series A | Razorpay | ERP and general ledger |
| Focal Point | US$3m | Seed round | Spend management | |
| Sava | US$2m | Pre-seed round | Spend management |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
