Startup
Stacks AI
London company whose agents run reconciliations, journal entries, variance analysis and reporting for enterprise finance teams, working through the ERP and Excel rather than a new system of record.
| Founded | 2024, London |
|---|---|
| Founders | Albert Malikov (CEO); founding team from Uber, Plaid and Miro |
| Stage | Series A |
| Total funding | $23m plus EUR 9.5m |
| Last round | Series A, $23m, February 2026, led by Lightspeed with General Catalyst, EQT Ventures and s16vc |
| Earlier rounds | Pre-seed EUR 2.8m led by EQT Ventures and seed EUR 6.6m led by General Catalyst, announced together in February 2025 |
| What it does | Transaction matching, reconciliations, accruals and journal entries, flux analysis and close reporting, connected to NetSuite, SAP S/4HANA, Microsoft Dynamics 365 Business Central, Workday and spreadsheets |
| Traction | More than 30 enterprise customers including Epidemic Sound, Motorway, Yoto, Supermetrics, Nivoda, Bumper, Volt and Cleo; 40% faster financial close, 76% of reconciliations auto-matched and 15% quicker audit cycles |
| Pricing | Not published |
| Markets | UK, Europe, US |
| Peers | Numeric, Maxima, FloQast, BlackLine, Nominal |
Funding
- Announced rounds
- US$23m plus €9.5m in two rounds
- Latest round
- Series A, US$23m, February 2026, led by Lightspeed
Why it matters
Stacks raised $23 million from Lightspeed in February 2026, a year after EUR 9.5 million in pre-seed and seed funding, and already runs close work for Epidemic Sound and Motorway. It is the UK’s best-funded entry in agentic accounting and the European rival to Numeric and Maxima.
Part of Accountio’s accounting technology coverage.
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