Accounting TechnologyFunding Report June 2023
June 2023Published 1 July 2023
Accounting and finance software companies raised US$202m across 10 rounds in June, down 41% on May's US$341m. FP&A and forecasting and treasury took the largest shares.
US$200mRaisedin June
10Rounds14 in May
US$88mLargestPigment
US$1.67bn2023 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
FP&A and forecasting$114m
Treasury$40.6m
Finance staffing$25m
Bookkeeping$15m
Payables and receivables$7.5m
Top investors
June, rounds led or joined
- Kima Ventures 2 rounds
- Balderton Capital 1 round, led
- Headline 1 round, led
- ICONIQ Growth 1 round, led
- Index Ventures 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Pigment | US$88m | Series C | ICONIQ Growth | FP&A and forecasting |
| TreasurySpring | US$29m | Series B | Balderton Capital | Treasury |
| Bob Finance | US$26m | Series C | OMERS Ventures | FP&A and forecasting |
| Paro | US$25m | Series C | Top Tier Capital Partners | Finance staffing |
| Heard | US$15m | Series A extension | Headline | Bookkeeping |
| Embat | €5m | Funding round | Samaipata | Treasury |
| Hyperline | €4m | Seed round | Index Ventures | Payables and receivables |
| Trezy | €3m | Seed round | Seedcamp, Playfair | Treasury |
| Togai | US$3.1m | Seed round | Together Fund | Payables and receivables |
| Fennech Financial | £2.3m | Funding round | Lloyds Banking Group | Treasury |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
