Accounting TechnologyFunding Report September 2024
September 2024Published 1 October 2024
Accounting and finance software companies raised US$284m across 14 rounds in September, up 91% on August's US$149m. Payroll and payables and receivables took the largest shares.
US$280mRaisedin September
14Rounds6 in August
US$59mLargestOyster
US$2.75bn2024 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payroll$92.3m
Payables and receivables$61.5m
Bookkeeping$50m
Treasury$41.1m
Audit$15m
FP&A and forecasting$13.5m
Tax and compliance$10m
Spend management$1m
Top investors
September, rounds led or joined
- Bessemer Venture Partners 2 rounds, 1 led
- Day One Ventures 2 rounds
- Mayfield Fund 1 round, led
- Oak HC/FT 1 round, led
- PeakSpan Capital 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Oyster | US$59m | Series D | Silver Lake Waterman | Payroll |
| Finally | US$50m | Series B | PeakSpan Capital | Bookkeeping |
| Cobre | US$35m | Series B | Oak HC/FT | Treasury |
| Apron | US$30m | Series B | Zinal Growth | Payables and receivables |
| Orb | US$25m | Series B | Mayfield Fund | Payables and receivables |
| Wrapbook | US$20m | Funding round | Bessemer Venture Partners | Payroll |
| Datricks | US$15m | Series A | Team8 | Audit |
| LiveFlow | US$13.5m | Series A | Valar Ventures | FP&A and forecasting |
| Jet HR | €12m | Seed round | Picus Capital | Payroll |
| Zamp | US$10m | Series A | Valor Equity Partners | Tax and compliance |
| Palm | US$6.1m | Seed round | Treasury | |
| Loop | C$6.4m | Funding round | Payables and receivables | |
| NetNow | US$1.8m | Pre-seed round | Ripple Ventures | Payables and receivables |
| Approveit | US$1m | Funding round | Spend management |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
