Startup
Accrual
Intelligence platform for accounting firms: AI preparation of individual, trust and partnership returns, audit workpapers, close, and the Arc agent.
| Founded | San Francisco; launched publicly February 2026 |
|---|---|
| Founders | Cosmin Nicolaescu (CEO), Siddarth Chandrasekaran |
| Stage | Launched with $75m |
| Total funding | $75m, led by General Catalyst; Go Global Ventures, Pruven Capital, Edward Jones Ventures participating |
| Acquisitions | Puzzle's firm business (ledger and close technology; Puzzle served 7,000+ businesses), 2026 |
| What it does | Tax preparation for individual, trust and partnership returns; audit evidence, testing and workpapers; month-end close and reporting for advisory work; Arc, an agent for research, reporting, analysis and automation. Preparation hours down 60% at Armanino |
| Traction | H&R Block, Armanino, Aprio, Creative Planning, BMSS, Stephano Slack and other top-100 firms |
| Pricing | Not published |
| Markets | US |
| Peers | Basis, Black Ore, Fieldguide |
Funding
- Announced rounds
- US$75m
- Round
- Round, US$75m, February 2026, led by General Catalyst
Why it matters
Accrual launched in February 2026 with $75 million led by General Catalyst. H&R Block, Armanino, Aprio and Creative Planning use it, and Armanino has cut preparation hours by 60%. The platform covers tax, audit and advisory close work, and the Puzzle acquisition adds a ledger and close product for client accounting.
Accountio coverage
Accrual acquires Puzzle to bring AI close to practice management
Accrual launches with $75 million to bring AI-native automation to accounting
Part of Accountio’s accounting technology coverage.
