Accounting TechnologyFunding Report October 2024
October 2024Published 1 November 2024
Accounting and finance software companies raised US$652m across 13 rounds in October, up 129% on September's US$284m. Payables and receivables and spend management took the largest shares, and General Catalyst led two rounds, Tabs and Sapien.
US$650mRaisedin October
13Rounds14 in September
US$190mLargestZip
US$3.4bn2024 so far
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Payables and receivables$326m
Spend management$257m
Close and reconciliation$29.6m
Payroll$15m
FP&A and forecasting$13.4m
Bookkeeping$9m
Treasury$2.1m
Top investors
October, rounds led or joined
- General Catalyst 4 rounds, 2 led
- BOND 2 rounds, led
- Accel 2 rounds, 1 led
- CRV 2 rounds
- Y Combinator 2 rounds
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Zip | US$190m | Series D | BOND | Spend management |
| Asaas | R$820m | Series C | BOND | Payables and receivables |
| Melio | US$150m | Series E | Fiserv | Payables and receivables |
| Globality | US$47m | Series D extension | Spend management | |
| Numeric | US$28m | Series A | Menlo Ventures | Close and reconciliation |
| Tabs | US$25m | Series A | General Catalyst | Payables and receivables |
| Omnea | US$20m | Series A | Accel | Spend management |
| Zeal | US$15m | Series B | Portage | Payroll |
| Kick | US$9m | Seed round | Bookkeeping | |
| Sapien | US$8.7m | Seed round | General Catalyst | FP&A and forecasting |
| Concourse | US$4.7m | Funding round | FP&A and forecasting | |
| Round Treasury | US$2.1m | Pre-seed round | Passion Capital | Treasury |
| ZenStatement | US$1.6m | Seed round | 3One4 Capital, Boldcap VC | Close and reconciliation |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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