Accounting TechnologyFunding Report August 2022
August 2022Published 1 September 2022
Accounting and finance software companies raised US$105m across 13 rounds in August, down 46% on July's US$195m. Payables and receivables and payroll took the largest shares.
US$110mRaisedin August
13Rounds10 in July
US$18mLargestMosey
US$5.86bn2022 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payables and receivables$25.3m
Payroll$22.5m
Close and reconciliation$14.5m
Treasury$14m
Spend management$10.2m
Tax and compliance$10m
Bookkeeping$9m
Top investors
August, rounds led or joined
- Soma Capital 2 rounds
- Y Combinator 2 rounds
- Blume Ventures 1 round, led
- Canaan 1 round, led
- Crosslink Capital 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Mosey | US$18m | Series A | Canaan | Payroll |
| Billogram | €15m | Funding round | Swisscom Ventures | Payables and receivables |
| Hazeltree | US$14m | Strategic investment | FINTOP Capital | Treasury |
| Leapfin | US$12.2m | Series A | Crosslink Capital | Close and reconciliation |
| Findity | SEK 102m | Funding round | Spend management | |
| CereTax | US$10m | Seed round | Tax and compliance | |
| Pastel | US$5.5m | Funding round | TLcom | Bookkeeping |
| Tartan | US$4.5m | Pre-Series A | Payroll | |
| Duplo | US$4.3m | Seed round | Payables and receivables | |
| Rebill | US$3.6m | Seed round | Payables and receivables | |
| Bookkeeper360 | US$3.5m | Seed round | Bookkeeping | |
| SubsBase | US$2.4m | Seed round | Global Ventures | Payables and receivables |
| Bluecopa | US$2.3m | Seed round | Blume Ventures | Close and reconciliation |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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