Accounting TechnologyFunding Report August 2024
August 2024Published 1 September 2024
Accounting and finance software companies raised US$149m across 6 rounds in August, up 9% on July's US$137m. Payroll and tax and compliance took the largest shares.
US$150mRaisedin August
6Rounds8 in July
US$120mLargestCloudPay
US$2.46bn2024 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payroll$129m
Tax and compliance$15m
Payables and receivables$5m
Top investors
August, rounds led or joined
- Y Combinator 3 rounds
- Blue Owl Capital 1 round, led
- Kalaari Capital 1 round, led
- Norrsken22 1 round, led
- Zeev Ventures 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| CloudPay | US$120m | Funding round | Blue Owl Capital | Payroll |
| Lettuce Financial | US$15m | Series A | Zeev Ventures | Tax and compliance |
| Workpay | US$5m | Series A | Norrsken22 | Payroll |
| Thera | US$4m | Seed round | Payroll | |
| Waza | US$3m | Seed round | Payables and receivables | |
| Hyperbots | US$2m | Seed round | Kalaari Capital | Payables and receivables |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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