Accounting TechnologyFunding Report July 2022
July 2022Published 1 August 2022
Accounting and finance software companies raised US$195m across 10 rounds in July, down 76% on June's US$816m. Payables and receivables and tax and compliance took the largest shares.
US$200mRaisedin July
10Rounds19 in June
US$60mLargestFonoa
US$5.75bn2022 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payables and receivables$88.1m
Tax and compliance$60m
Payroll$29.3m
FP&A and forecasting$9.9m
Bookkeeping$6.5m
Spend management$1.5m
Top investors
July, rounds led or joined
- Y Combinator 2 rounds, 1 led
- Andreessen Horowitz 1 round, led
- BAMCAP Ventures 1 round, led
- Blossom Capital 1 round, led
- Coatue Management 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Fonoa | US$60m | Series B | Coatue Management | Tax and compliance |
| Balance | US$56m | Series B | Forerunner Ventures | Payables and receivables |
| Kadmos | €29m | Series A | Blossom Capital | Payroll |
| Tesorio | US$17m | Series B | BAMCAP Ventures | Payables and receivables |
| Helu | €9.8m | Series A | CommerzVentures | FP&A and forecasting |
| Adaptive | US$6.5m | Seed round | Andreessen Horowitz | Bookkeeping |
| Finli | US$6m | Seed round | Urban Innovation Fund | Payables and receivables |
| Xelix | US$5m | Series A | FINTOP Capital | Payables and receivables |
| Peakflo | US$4.1m | Seed round | Payables and receivables | |
| Fuell | €1.5m | Funding round | Y Combinator, Fin Capital | Spend management |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
