Accounting TechnologyFunding Report September 2023
September 2023Published 1 October 2023
Accounting and finance software companies raised US$232m across 10 rounds in September, down 43% on August's US$409m. Spend management and ERP and general ledger took the largest shares.
US$230mRaisedin September
10Rounds8 in August
US$100mLargestCardata
US$2.55bn2023 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Spend management$163m
ERP and general ledger$25m
Treasury$20m
Payables and receivables$15m
FP&A and forecasting$3.3m
Bookkeeping$3m
Close and reconciliation$3m
Top investors
September, rounds led or joined
- 776 1 round, led
- Basis Set Ventures 1 round, led
- Bienville Capital 1 round, led
- Craft Ventures 1 round, led
- Fin Capital 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Cardata | US$100m | Growth equity | Wavecrest Growth Partners | Spend management |
| Levelpath | US$30m | Series A | Redpoint | Spend management |
| Series | US$25m | Seed and Series A | 776, Basis Set Ventures | ERP and general ledger |
| Treasury4 | US$20m | Series A | WestCap | Treasury |
| Flex | US$20m | Series A | Florida Funders | Spend management |
| Apron | US$15m | Series A | Payables and receivables | |
| Circula | €12m | Series A | Spend management | |
| SaaSGrid | US$3.3m | Seed round | Craft Ventures | FP&A and forecasting |
| Numeral | US$3m | Seed round | Bienville Capital | Close and reconciliation |
| Truewind | US$3m | Seed round | Fin Capital, Y Combinator | Bookkeeping |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
