Accounting TechnologyFunding Report November 2025
November 2025Published 1 December 2025
Accounting and finance software companies raised US$482m across 9 rounds in November, down 7% on October's US$520m. Spend management and close and reconciliation took the largest shares, and Andreessen Horowitz led two rounds, Stuut and Sphere.
US$480mRaisedin November
9Rounds8 in October
US$300mLargestRamp
US$4.88bn2025 so far
Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Spend management$300m
Close and reconciliation$92m
Tax and compliance$50.8m
Payables and receivables$34.5m
Bookkeeping$4.6m
Top investors
November, rounds led or joined
- Andreessen Horowitz 2 rounds, led
- Founders Fund 2 rounds
- Khosla Ventures 2 rounds
- Audacious Ventures 1 round, led
- Hi Ventures 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Ramp | US$300m | Funding round | Lightspeed Venture Partners | Spend management |
| Numeric | US$51m | Series B | IVP | Close and reconciliation |
| Maxima | US$41m | Seed and Series A | Redpoint Ventures, Kleiner Perkins, Audacious Ventures | Close and reconciliation |
| Stuut | US$29.5m | Series A | Andreessen Horowitz | Payables and receivables |
| Lettuce Financial | US$28m | Funding round | Zeev Ventures | Tax and compliance |
| Sphere | US$21m | Series A | Andreessen Horowitz | Tax and compliance |
| Donnerstag.ai | €4.3m | Seed round | Speedinvest | Payables and receivables |
| Kabilio | €4m | Pre-seed round | Visionaries Club, Picus Capital | Bookkeeping |
| Cenit | US$1.8m | Seed round | Hi Ventures | Tax and compliance |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
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