Accounting TechnologyFunding Report June 2024
June 2024Published 1 July 2024
Accounting and finance software companies raised US$253m across 16 rounds in June, down 26% on May's US$342m. ERP and general ledger and document capture took the largest shares, and Lightspeed Venture Partners led two rounds, Finaloop and Inscope.
US$250mRaisedin June
16Rounds17 in May
US$70mLargestKlarity
US$2.18bn2024 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
ERP and general ledger$77.6m
Document capture$70m
Bookkeeping$35.9m
Spend management$32.1m
Tax and compliance$9m
Payables and receivables$7.9m
Payroll$7.1m
Practice management$6.3m
Audit$4.3m
Accounting integrations$2.5m
Top investors
June, rounds led or joined
- Lightspeed Venture Partners 2 rounds, led
- Keen Venture Partners 2 rounds, 1 led
- Atomico 1 round, led
- Axiom Equity 1 round, led
- Costanoa Ventures 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Klarity | US$70m | Series B | Nat Friedman, Daniel Gross | Document capture |
| AccountsIQ | €60m | Series C | Axiom Equity | ERP and general ledger |
| Finaloop | US$35m | Series A | Lightspeed Venture Partners | Bookkeeping |
| Light | US$13m | Seed round | Atomico | ERP and general ledger |
| SiFi | US$10m | Seed round | Sanabil Investments, RAED Ventures | Spend management |
| Torpago | US$10m | Series B | Priority Tech Ventures, EJF Ventures | Spend management |
| CereTax | US$9m | Funding round | Tax and compliance | |
| CleverCards | €8m | Funding round | Pluxee | Spend management |
| Cadana | US$7.1m | Seed round | Costanoa Ventures | Payroll |
| Sibill | €6.2m | Funding round | Payables and receivables | |
| Materia | US$6.3m | Funding round | Spark Capital | Practice management |
| Inscope | US$4.3m | Seed round | Lightspeed Venture Partners | Audit |
| Viio | €3.3m | Seed round | North Ventures | Spend management |
| Chift | €2.3m | Seed round | Entourage | Accounting integrations |
| Dealflow | €1.1m | Pre-seed round | Payables and receivables | |
| mika | €800,000 | Pre-seed round | Keen Venture Partners, DFF, Slimmer AI | Bookkeeping |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
