Accounting Companies
Latest Deals in Accounting
Stuut Technologies raised $29.5 million in Series A funding led by Andreessen Horowitz, with participation from several investors including Activant Capital and Khosla Ventures. The AI platform automates accounts receivable tasks, solving inefficiencies that cost companies up to 5% of EBITDA, and claims to increase cash flow by 40% while reducing manual tasks by 70%.
Investors: Andreessen Horowitz, Activant Capital, Khosla Ventures
Stuut Technologies, a NYC-based AI platform that automates accounts receivable processes, raised $29.5 million in Series A funding led by Andreessen Horowitz, with participation from several investors including Activant Capital and Khosla Ventures. The funding aims to enhance efficiency in financial operations for companies.
Investors: Andreessen Horowitz, Activant Capital, Khosla Ventures
Donnerstag.ai, a German AI-powered accounts receivable management platform, raised โฌ4.3 million in seed funding led by Speedinvest, with participation from QED Investors and Crestone VC. The platform addresses supplier revenue loss due to invoicing discrepancies, enhancing financial control in the DACH region.
Investors: Speedinvest, QED Investors, Crestone VC
Maxima has raised $41 million in seed and Series A funding to transform the month-end close process using AI systems that collaborate with accounting teams. The investment round was led by Redpoint Ventures, Kleiner Perkins, and Audacious Ventures, with notable participation from finance leaders including Joe Montana.
Investors: Redpoint Ventures, Kleiner Perkins, Audacious Ventures, Joe Montana
Asseta AI has secured a $4.2 million seed round co-led by Nyca Partners and Motive Partners. Founded in 2023, the New York-based startup aims to modernize financial infrastructure for family offices, addressing the complexities of multi-entity portfolios for wealth management organizations.
Investors: Nyca Partners, Motive Partners
Numeric, a San Francisco and London-based AI accounting automation platform, raised $51 million in Series B funding led by IVP, with participation from Menlo Ventures, Founders Fund, and others. The company addresses accounting inefficiencies, although specific revenue or user metrics were not mentioned.
Investors: IVP, Menlo Ventures, Founders Fund
Integral, a Berlin-based AI-driven platform for accounting and payroll, secured โฌ12 million in funding from General Catalyst, Cherry Ventures, and Puzzle Ventures. The company aims to enhance its offerings for SMEs, addressing compliance and efficiency challenges. Integral's acquisition of Cleverlohn will further integrate payroll solutions, benefiting users with improved financial management.
Investors: General Catalyst, Cherry Ventures, Puzzle Ventures
Berlin-based Integral, an AI-powered services company for SMEs, secured โฌ12 million in funding from General Catalyst, Cherry Ventures, and Puzzle Ventures. The company aims to modernize accounting, tax, and payroll services, addressing rising compliance costs and inefficiencies. Integral recently acquired Cleverlohn to enhance its offerings.
Investors: General Catalyst, Cherry Ventures, Puzzle Ventures
Maxima, a San Mateo-based AI platform for accounting automation, raised $41 million in seed and Series A funding. Key investors include Redpoint Ventures, Kleiner Perkins, and Audacious Ventures, along with notable individuals from Blackline and Vanta. The company addresses inefficiencies in accounting processes.
Investors: Redpoint Ventures, Kleiner Perkins, Audacious Ventures, Blackline, Vanta
Asseta AI, a NYC-based accounting platform for family offices, raised $4.2 million in seed funding, co-led by Nyca Partners and Motive Partners. Founded in 2023 by Dean Palmiter and Daniel Kennedy, the company aims to enhance its product development and expand its team.
Investors: Nyca Partners, Motive Partners
Maxima has raised $41 million in seed and Series A funding, led by Redpoint Ventures, Kleiner Perkins, and Audacious Ventures. The company aims to enhance month-end accounting through its AI platform, addressing inefficiencies in the process. Notable investors include former BlackLine executives and industry CFOs.
Investors: Redpoint Ventures, Kleiner Perkins, Audacious Ventures