Accounting TechnologyFunding Report January 2024
January 2024Published 1 February 2024
Accounting and finance software companies raised US$197m across 6 rounds in January, up 365% on December's US$42.4m. Payables and receivables and spend management took the largest shares.
US$200mRaisedin January
6Rounds7 in December
US$90mLargestBillingPlatform
US$197m2024 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payables and receivables$141m
Spend management$41.5m
FP&A and forecasting$8m
Bookkeeping$6.5m
Top investors
January, rounds led or joined
- Base10 Partners 1 round, led
- FTV Capital 1 round, led
- Illuminate Financial 1 round, led
- NEA 1 round, led
- RET Ventures 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| BillingPlatform | US$90m | Growth equity | FTV Capital | Payables and receivables |
| Metronome | US$43m | Series B | NEA | Payables and receivables |
| Conta Simples | US$41.5m | Series B | Base10 Partners | Spend management |
| PredictAP | US$8m | Series A | RET Ventures | Payables and receivables |
| Briq | US$8m | Series B extension | Tiger Global Management | FP&A and forecasting |
| fileAI | US$6.5m | Series A | Illuminate Financial | Bookkeeping |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
