Accounting TechnologyFunding Report November 2022
November 2022Published 1 December 2022
Accounting and finance software companies raised US$120m across 7 rounds in November, down 82% on October's US$660m. Payables and receivables and spend management took the largest shares.
US$120mRaisedin November
7Rounds19 in October
US$35.25mLargestTeampay
US$6.93bn2022 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payables and receivables$49.4m
Spend management$35.2m
FP&A and forecasting$18.6m
Treasury$12.3m
Bookkeeping$4m
Top investors
November, rounds led or joined
- DRW Venture Capital 1 round, led
- Fin Venture Capital 1 round, led
- Founders Fund 1 round, led
- Index Ventures 1 round, led
- Level Equity 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Teampay | US$35.25m | Series B | Fin Venture Capital | Spend management |
| Fintecture | €26m | Series A | Payables and receivables | |
| Loop | US$24m | Series A | Founders Fund | Payables and receivables |
| GovInvest | US$18.6m | Funding round | Level Equity | FP&A and forecasting |
| InterPrice Technologies | US$7.3m | Series A | Nasdaq Ventures, DRW Venture Capital | Treasury |
| Atlar | US$5m | Seed round | Index Ventures | Treasury |
| Cherry | US$4m | Seed round | NFX | Bookkeeping |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
