Accounting TechnologyFunding Report April 2023
April 2023Published 1 May 2023
Accounting and finance software companies raised US$171m across 6 rounds in April, down 74% on March's US$652m. Spend management and treasury took the largest shares.
US$170mRaisedin April
6Rounds15 in March
US$60mLargestClara
US$1.13bn2023 so far
Sponsored
Book this space →Funding Report Sponsor
$39 a month, no contract. Your logo, one line and a link on every monthly funding report and Investor Index page.
Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Spend management$101m
Treasury$21.7m
Tax and compliance$20m
Close and reconciliation$15m
Payables and receivables$14m
Top investors
April, rounds led or joined
- Camber Partners 1 round, led
- GGV Capital 1 round, led
- Notion Capital 1 round, led
- Sequoia India and Southeast Asia 1 round, led
- StepStone Group 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Clara | US$60m | Funding round | GGV Capital | Spend management |
| Mooncard | €37m | Funding round | Spend management | |
| Zamp Finance | US$21.7m | Seed round | Sequoia India and Southeast Asia | Treasury |
| TaxCloud | US$20m | Growth equity | Camber Partners | Tax and compliance |
| Trullion | US$15m | Funding round | StepStone Group | Close and reconciliation |
| m3ter | US$14m | Series A | Notion Capital | Payables and receivables |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
