Accounting TechnologyFunding Report December 2024
December 2024Published 1 January 2025
Accounting and finance software companies raised US$240m across 10 rounds in December, up 96% on November's US$122m. Practice management and spend management took the largest shares.
US$240mRaisedin December
10Rounds9 in November
US$113mLargestAiwyn
US$3.76bn2024 total
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Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Practice management$147m
Spend management$38.1m
Close and reconciliation$19m
Bookkeeping$16m
Payables and receivables$11.5m
ERP and general ledger$7.5m
Tax and compliance$1.2m
Top investors
December, rounds led or joined
- 9900 Capital 1 round, led
- Bessemer Venture Partners 1 round, led
- Caffeinated Capital 1 round, led
- Canapi Ventures 1 round, led
- Earlybird 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Aiwyn | US$113m | Funding round | KKR, Bessemer Venture Partners | Practice management |
| Basis | US$34m | Series A | Khosla Ventures | Practice management |
| Mynt | €22m | Series B | Vor Capital | Spend management |
| Anatomy Financial | US$19m | Series A | Canapi Ventures | Close and reconciliation |
| BRM | US$15m | Series A | Caffeinated Capital | Spend management |
| Truewind | US$13m | Series A | Rho Capital, Thomson Reuters Ventures | Bookkeeping |
| Chargezoom | US$11.5m | Series A | Kickstart Fund | Payables and receivables |
| Wafeq | US$7.5m | Series A | 9900 Capital | ERP and general ledger |
| Briefcase | US$3m | Seed round | Earlybird | Bookkeeping |
| InvoiceQ | US$1.2m | Pre-Series A | Tax and compliance |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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