Accounting TechnologyFunding Report July 2024
July 2024Published 1 August 2024
Accounting and finance software companies raised US$137m across 8 rounds in July, down 46% on June's US$253m. Payables and receivables and spend management took the largest shares.
US$140mRaisedin July
8Rounds16 in June
€55mLargestPayt
US$2.31bn2024 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payables and receivables$60.4m
Spend management$49.2m
ERP and general ledger$13.5m
Payroll$13.5m
Top investors
July, rounds led or joined
- Argentem Creek Partners 1 round, led
- Creandum 1 round, led
- Dallas Venture Capital 1 round, led
- Emergent India Ventures 1 round, led
- First Round Capital 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Payt | €55m | Funding round | Partech | Payables and receivables |
| Coast | US$40m | Series B | ICONIQ Growth | Spend management |
| Dopay | US$13.5m | Series A extension | Argentem Creek Partners | Payroll |
| Rillet | US$13.5m | Seed round | First Round Capital, Creandum, Susa Ventures | ERP and general ledger |
| Dice | ₹420m | Series A | Dallas Venture Capital | Spend management |
| Mamo | US$3.4m | Funding round | Spend management | |
| Enty | €700,000 | Seed round | TMT Investments Plc | Payables and receivables |
| Centriti | ₹60m | Pre-Series A | Emergent India Ventures | Spend management |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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