Accounting TechnologyFunding Report December 2023
December 2023Published 1 January 2024
Accounting and finance software companies raised US$42.4m across 7 rounds in December, down 85% on November's US$276m. Spend management and close and reconciliation took the largest shares.
US$40mRaisedin December
7Rounds11 in November
€20mLargestPivot
US$3.23bn2023 total
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Spend management$23.6m
Close and reconciliation$12.1m
Payables and receivables$4.2m
Document capture$2.5m
Top investors
December, rounds led or joined
- Faction Ventures 1 round, led
- Reflex Capital 1 round, led
- Twin Path Ventures 1 round, led
- Amador Holdings 1 round
- Ambush Capital 1 round
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Pivot | €20m | Series A | Spend management | |
| Tres Finance | US$11m | Series A | Faction Ventures | Close and reconciliation |
| Payble | US$3.5m | Funding round | Payables and receivables | |
| Digitoo | €2.3m | Seed round | Reflex Capital | Document capture |
| Bujeti | US$2m | Seed round | Spend management | |
| Jenesys AI | €1m | Pre-seed round | Twin Path Ventures | Close and reconciliation |
| Moonflow | US$700,000 | Pre-seed round | Payables and receivables |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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