Accounting TechnologyFunding Report January 2023
January 2023Published 1 February 2023
Accounting and finance software companies raised US$72.3m across 8 rounds in January, down 68% on December's US$224m. Spend management and payables and receivables took the largest shares.
US$70mRaisedin January
8Rounds12 in December
US$20mLargestPayEm
US$72.3m2023 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Spend management$24.5m
Payables and receivables$19.8m
Treasury$17m
Bookkeeping$8m
ERP and general ledger$3m
Top investors
January, rounds led or joined
- CRV 1 round, led
- Equal Ventures 1 round, led
- Maranello Capital 1 round, led
- Norwest Venture Partners 1 round, led
- PROfounders Capital 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| PayEm | US$20m | Series A | Spend management | |
| Finley | US$17m | Series A | CRV | Treasury |
| Amberflo | US$15m | Series A | Norwest Venture Partners | Payables and receivables |
| Scaleup Finance | US$8m | Seed round | PROfounders Capital | Bookkeeping |
| Alaan | US$4.5m | Pre-Series A | Spend management | |
| Suppli | US$3.1m | Seed round | Equal Ventures | Payables and receivables |
| Wafeq | US$3m | Seed round | Raed Ventures | ERP and general ledger |
| Alii | A$2.5m | Pre-Series A | Maranello Capital | Payables and receivables |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
