Accounting TechnologyFunding Report July 2023
July 2023Published 1 August 2023
Accounting and finance software companies raised US$235m across 12 rounds in July, up 16% on June's US$202m. Bookkeeping and FP&A and forecasting took the largest shares.
US$230mRaisedin July
12Rounds10 in June
US$50mLargestCollective
US$1.91bn2023 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Bookkeeping$88.4m
FP&A and forecasting$65.3m
Payables and receivables$54.2m
Audit$15m
Close and reconciliation$12m
Top investors
July, rounds led or joined
- Andreessen Horowitz 2 rounds
- Celesta Capital 1 round, led
- Cota Capital 1 round, led
- Felicis 1 round, led
- Initialized Capital 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Collective | US$50m | Funding round | Bookkeeping | |
| Silo | US$32m | Series C | Koch Disruptive Technologies | Payables and receivables |
| Runway | US$27.5m | Series A | Initialized Capital | FP&A and forecasting |
| Dougs | €25m | Series A | Bookkeeping | |
| Jirav | US$20m | Series B | Cota Capital | FP&A and forecasting |
| Trustmi | US$17m | Series A | Zeev Ventures | Payables and receivables |
| MindBridge | US$15m | Growth equity | Audit | |
| Finicast | US$12.8m | Seed round | Celesta Capital | FP&A and forecasting |
| RightRev | US$12m | Funding round | Norwest Venture Partners, Salesforce Ventures | Close and reconciliation |
| Numarics | CHF 10m | Seed round | UBS Next | Bookkeeping |
| Topkey | US$5.2m | Seed round | Felicis | Payables and receivables |
| Bunker | US$5m | Pre-seed and seed | FP&A and forecasting |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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