Accounting TechnologyFunding Report March 2024
March 2024Published 1 April 2024
Accounting and finance software companies raised US$268m across 13 rounds in March, up 5% on February's US$254m. ERP and general ledger and payroll took the largest shares.
US$270mRaisedin March
13Rounds11 in February
US$100mLargestFundGuard
US$718m2024 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
ERP and general ledger$100m
Payroll$57.5m
Audit$30m
Spend management$25m
Payables and receivables$21m
Tax and compliance$16.8m
Close and reconciliation$9.2m
FP&A and forecasting$8m
Top investors
March, rounds led or joined
- 212 VC 1 round, led
- Aglaé Ventures 1 round, led
- Avid Ventures 1 round, led
- Bessemer Venture Partners 1 round, led
- Bling Capital 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| FundGuard | US$100m | Series C | Key1 Capital | ERP and general ledger |
| Fieldguide | US$30m | Series B | Bessemer Venture Partners | Audit |
| Borderless AI | US$27m | Seed round | Susquehanna, Aglaé Ventures | Payroll |
| Remofirst | US$25m | Series A | Octopus Ventures | Payroll |
| Coast | US$25m | Funding round | BoxGroup, Avid Ventures | Spend management |
| Lago | US$15m | Series A | FirstMark | Payables and receivables |
| Keeyns | €10m | Funding round | Tax and compliance | |
| Nominal | US$9.2m | Seed round | Bling Capital, Hyperwise Ventures | Close and reconciliation |
| Scaleup Finance | US$8m | Pre-Series A | Inveready | FP&A and forecasting |
| Lettuce Financial | US$6m | Seed round | Tax and compliance | |
| RemotePass | US$5.5m | Series A | 212 VC | Payroll |
| OpenMeter | US$3m | Seed round | Payables and receivables | |
| Younium | SEK 31m | Funding round | Payables and receivables |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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