Accounting TechnologyFunding Report May 2026
May 2026Published 1 June 2026
Accounting and finance software companies raised US$248m across 10 rounds in May, down 17% on April's US$300m. Tax and compliance and spend management took the largest shares.
US$250mRaisedin May
10Rounds12 in April
US$110mLargestFonoa
US$1.39bn2026 so far
Raised each month
All rounds by month, US$ millions
Where the money went
By product area, US$ millions
Tax and compliance$116m
Spend management$43.8m
Close and reconciliation$35.2m
Payables and receivables$35m
Payroll$17.4m
Bookkeeping$840,000
Top investors
May, rounds led or joined
- 500 Global 2 rounds, 1 led
- Forestay Capital 2 rounds, 1 led
- Index Ventures 2 rounds, 1 led
- Visionaries Club 2 rounds
- Bain Capital Ventures 1 round, led
Every round
Largest first, as announced
Download all All 925 rounds since 2020| Company | Amount | Round | Led by | Product area |
|---|---|---|---|---|
| Fonoa | US$110m | Series C | Headline | Tax and compliance |
| Pivot | US$40m | Series B | Forestay Capital, Notion Capital | Spend management |
| Embat | €30m | Series B | Cathay Innovation | Close and reconciliation |
| Adfin | US$18m | Series A | Index Ventures | Payables and receivables |
| RemotePass | US$17.4m | Series B | EBRD Venture Capital | Payroll |
| Fazeshift | US$17m | Series A | F-Prime Capital | Payables and receivables |
| A-Cube | €4m | Funding round | P101 SGR | Tax and compliance |
| Astrada | US$3.8m | Seed round | Bain Capital Ventures, QED Investors, Nyca Partners | Spend management |
| DDD Invoices | €1.31m | Seed round | Fil Rouge Capital, 500 Global | Tax and compliance |
| Jupid | US$840,000 | Pre-seed round | Pre-Seed to Succeed | Bookkeeping |
How it’s compiled
- Every funding round announced
- Software for accountants and CFOs
- Rounds as announced, totals in US$
Get the funding report on the 1st of each month, with the accounting technology briefing for finance professionals.
