Accounting TechnologyFunding Report February 2024
February 2024Published 1 March 2024
Accounting and finance software companies raised US$254m across 11 rounds in February, up 29% on January's US$197m. Audit and close and reconciliation took the largest shares.
US$250mRaisedin February
11Rounds6 in January
US$100mLargestDataSnipper
US$451m2024 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Audit$100m
Close and reconciliation$62.6m
ERP and general ledger$46.5m
Treasury$17.5m
Bookkeeping$10m
Finance staffing$9m
Payables and receivables$8m
Top investors
February, rounds led or joined
- Blumberg Capital 1 round, led
- Creandum 1 round, led
- Foundation Capital 1 round, led
- Goldman Sachs Asset Management 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 |
|---|---|---|---|---|
| DataSnipper | US$100m | Series B | Index Ventures | Audit |
| Simetrik | US$55m | Series B | Goldman Sachs Asset Management | Close and reconciliation |
| Pennylane | €40m | Series C | ERP and general ledger | |
| Embat | €14.7m | Series A | Creandum | Treasury |
| Finally | US$10m | Funding round | PeakSpan Capital | Bookkeeping |
| FlowFi | US$9m | Seed round | Blumberg Capital | Finance staffing |
| Anatomy Financial | US$7.6m | Seed round | Lightspeed Venture Partners | Close and reconciliation |
| Monite | US$6m | Seed extension | Valar Ventures | Payables and receivables |
| Campfire | US$3.5m | Seed round | Foundation Capital | ERP and general ledger |
| Kema | US$2m | Pre-seed round | Speedinvest | Payables and receivables |
| IBSFintech | US$1.5m | Pre-Series A | Treasury |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
