Top 10 Best Accounting Startups With $10+ Million Funding

  • Post category:Startups
  • Reading time:8 mins read

Today we’re covering the top 10 Accounting startups. This is going to be really exciting and I’ve spent a ton of time researching these interesting startups in Accounting. Let’s get right into it!

Criteria for selection:

  • The startup should be privately held
  • Has raised at least $10 million in funding
  • We haven’t including the IPO’d startups and companies as they’re already well-known to most people in Accounting Sector. This list of 10 companies covers the most funded ones since their found dates.

Recommended Read – Top Biotech Startups

Top Accounting Startups With >$10 Million Funding

Let’s get right down to the list and begin with the list of the top startups in the Accounting sector. In the below list, we’ve covered the major information about the company’s operations, headquarters, funding amounts and some of the active investors. The investors listed here are the ones I found during my process of researching the company. So there’s a high possibility that there are more investors than the ones in the list.

1. MainStreet (Accounting, Audit and Tax Services) – Total Raised $62.3 million

Official Website: www.mainstreet.com

MainStreet (Accounting, Audit and Tax Services) is a Venture Capital-Backed Accounting company founded in 2019. Developer of a financial platform built to identify, file, and claim government incentives, tax credits, deductions, and stimulus programs. The company scans payroll to match a number of federal, state, and local tax incentives and credits coupled with associated legal work, enabling clients to save money and ensure cost-cutting in a seamless manner.

Active Investors:

  • Afore Capital(www.afore.vc)
  • Alumni Ventures Group(www.avgfunds.com)
  • Backend Capital(www.backendcapital.com)
  • Basecamp Fund(www.avgbasecamp.com)
  • BaseCamp Ventures(www.basecampventures.com)
  • Gradient Ventures(www.gradient.com)
  • Reference Capital (Switzerland)(referencecap.com)
  • Remote First Capital(www.remotefirstcapital.com)
  • Reshape (Investor)(reshape.co)
  • Shrug Capital(www.shrug.vc)
  • SignalFire(www.signalfire.com)

Competitors: No competitors found

2. Bench (Accounting, Audit and Tax Services) – Total Raised $53.03 million

Official Website: www.bench.co

Bench (Accounting, Audit and Tax Services) is a Venture Capital-Backed Accounting company founded in 2010. Provider of online bookkeeping services intended to automate and digitize accounting tasks. The company’s services include a combination of custom-built software and professional online bookkeepers who entirely take control of the client’s books for accounting purposes, thus enabling small businesses and independent contractors to organize financials and deliver a fully outsourced accounting process for clients.

Active Investors:

  • Alpine Meridian(www.alpinemeridian.com)
  • Altos Ventures(www.altos.vc)
  • Bain Capital Ventures(www.baincapitalventures.com)
  • Contour Venture Partners(www.contourventures.com)
  • Core Ventures Group(www.coreventuresgroup.com)
  • Daring Journey Ventures(www.daringjourneyventures.com)
  • Envestnet Yodlee(www.yodlee.com)
  • Hedgewood(www.hedgewood.com)
  • Inovia Capital(www.inovia.vc)
  • Lerer Hippeau(www.lererhippeau.com)
  • NYC Seed(www.nycseed.com)

Competitors:

Pilot (Financial Software), Odoo, Candis, Siigo, Tally Solutions, FreeAgent Holdings, xTuple, Dext, OneUp, FreshBooks, Wave Financial, The Sage Group (Financial Software), Shoeboxed, NGA Human Resources, Bookly.co, Kashoo Cloud Accounting, Ultimate Kronos Group, Deacom, 17hats, NetSuite, Paycor, Fishbowl Inventory, Ultra Consultants, Unit4, inDinero, Gusto, Dinero, Openbravo, Greythr, Conta Azul, LessAccounting, BambooHR, Quicken, Blue Link Associates, Macola Software, Taulia, Namely, Zenefits, Kronos, Transactis, Onestream Software, SugarCRM, Autobooks, Averiware, ECi Software Solutions, MetricStream, Billtrust, Shine (Financial Software), Paylocity, SabeSoft, Clear Books, Ramco Systems, Nicus Software, Epicor Software, Acumatica, Infor Global Solutions, Justworks, Kyriba, FundCount, CCH Tagetik, Consona, Adaptive Insights, Contraqer, Aptean, FinancialForce, Viewpost, Kenandy, Outright, iSquare, Darwinbox, Rootstock Software, Radius Worldwide, Sage Payroll Solutions, PeopleFluent, MX, Adrenalin Esystems Ltd, Tradeshift, Financial Transmission Network, Multifonds, Scout (Business/Productivity Software), Chesapeake Decision Sciences, Divvy

3. AcctTwo – Total Raised $47.5 million

Official Website: www.accttwo.com

AcctTwo is a Venture Capital-Backed Accounting company founded in 2010. Developer of an accounting and financial management software created to help organizations achieve success by transforming finance and accounting. The company’s software outsources back-office processes, offers accounts payable, billing and accounts receivable, cash management, payroll, and expense reports services, enabling businesses to avoid the cost of on-premise accounting systems and IT infrastructure and also replace old, outdated accounting systems.

Active Investors:

  • Battery Ventures(www.battery.com)

Competitors:

ScaleFactor, Pilot (Financial Software), inDinero, CloudPay, Bench (Accounting, Audit and Tax Services), Conta Azul, Autobooks, Tally Solutions, Divvy, Expensify, Candis, Botkeeper, xTuple, Kashoo Cloud Accounting, Ultimate Kronos Group, Wave Financial, Exact Software, FreshBooks, NetSuite, Adaptive Insights, Onestream Software, FreeAgent Holdings, Tradeshift, Dext, Odoo, Nicus Software, WorkingPoint, NGA Human Resources, Dinero, Ramco Systems, ECi Software Solutions, PearlChain, Infor Global Solutions, CCH Tagetik, Fair Isaac, Shine (Financial Software), Kenandy, PEX (Financial Software), Versaic, Camelot 3PL Software, Aptean, Epicor Software, Workbooks.com, Shoeboxed, roundCorner, Aplos, Debitoor, Plex Systems, Shelby Systems, Logiwa, Global Shop Solutions

4. Contabilizei – Total Raised $46.63 million

Official Website: www.contabilizei.com.br

Contabilizei is a Venture Capital-Backed Accounting company founded in 2013. Operator of an online accounting platform intended to offer tax reporting and accounting automation services. The company’s platform replaces manual accounting practices with a proprietary web and mobile-enabled service, thus enabling small and medium businesses in Brazil to regulate their businesses through accounting easily.

Active Investors:

  • Accion(www.accion.org)
  • Curitiba Angels(curitibaangels.com.br)
  • e.bricks Ventures(www.ebricksventures.com)
  • FinTech Collective(www.fintech.io)
  • Google for Startups Accelerator(developers.google.com/community/accelerators)
  • International Finance Corporation(www.ifc.org)
  • Kaszek(www.kaszek.com)
  • Point72 Ventures(www.p72.vc)
  • Quadrant(www.quadrantplastics.com)
  • Quona Capital(www.quona.com)

Competitors:

Wipfli/Joseph Eve CPAs, AcctTwo, Drake Software, TaxSlayer, LumaTax, TaxACT, Agilize

5. Silver Bearing Library – Total Raised $40.71 million

Official Website: www.yinchengku.com

Silver Bearing Library is a Venture Capital-Backed Accounting company founded in 2014. Operator of an online platform intended to provide corporate financial services. The company’s online platform provides bill financing and inter-enterprise payment services, enabling enterprises to improve the liquidity of huge amount of stock notes and increase the efficiency of the use of corporate funds.

Active Investors:

  • China Capital Group(www.cn-cap.com)
  • China Growth Capital(www.chinagrowthcapital.com)
  • Empower Investment (China)(www.empowerinvestment.com)
  • IDG Capital(en.idgcapital.com)
  • Linear Venture(www.linear.vc)
  • Microsoft ScaleUp(startups.microsoft.com/en-us/scale-up)

Competitors: No competitors found

6. Lvzheng – Total Raised $25 million

Official Website: www.lvzheng.com

Lvzheng is a Venture Capital-Backed Accounting company founded in 2014. Provider of legal services in China. The company’s services include financial and taxation services such as company registration, name change, trademark registration, agency accounting, tax filing and invoice management, as well as license application, enabling companies to fulfill the legal formalities at low cost.

Active Investors:

  • Chengwei Capital(www.chengwei.com)
  • Fosun RZ Capital(www.frzcapital.cn/index.php)
  • Lanchi Ventures(www.brv.com.cn)

Competitors: No competitors found

7. Pennylane – Total Raised $22.61 million

Official Website: www.pennylane.tech

Pennylane is a Venture Capital-Backed Accounting company founded in 2018. Developer of digital accounting tools intended to improve financial visibility. The company mixes people (chartered accountancy service) and technology to help SME (Small and Medium Enterprises) managers in their administrative management such as invoicing and collection, supplier payments, accounting and management of cash and activity, providing startups and SMEs with an efficient accounting and management solution.

Active Investors:

  • Global Founders Capital(globalfounderscapital.com)
  • Hedosophia(www.hedosophia.com)
  • Kima Ventures(www.kimaventures.com)
  • Partech(www.partechpartners.com)

Competitors: No competitors found

8. Zervant – Total Raised $17.14 million

Official Website: www.zervant.com

Zervant is a Venture Capital-Backed Accounting company founded in 2010. Developer of online invoicing software designed to help entrepreneurs succeed and run a small business as simple as possible. The company’s software creates, sends, digitizes electronic invoicing to send an unlimited number of invoices and boost cash flow, enabling micro-businesses, entrepreneurs and freelancers to follow up payments and receivables and report for accountants.

Active Investors:

  • Conor Venture Partners(www.conor.vc)
  • NFT Ventures(www.nftventures.com)
  • Northzone Ventures(www.northzone.com)
  • Tekes(www.tekes.fi)
  • Tesi(www.tesi.fi/en)

Competitors:

MakeLeaps, Numberz, Billogram, Bill.com, Pipedrive, Wave Financial, Nvoicepay, Insightly, SugarCRM, HappyFox, Happay, Visma Group

9. Paro – Total Raised $16.2 million

Official Website: www.paro.io

Paro is a Venture Capital-Backed Accounting company founded in 2015. Provider of financial services intended to connect organizations with freelancing finance and accounting professionals. The company’s platform matches businesses of all sizes and industries with highly vetted financial analysts, CFOs, CPAs, and bookkeepers who have the domain expertise to tackle company-specific problems on an on-demand, hourly basis, enabling businesses to access the tools they need to manage and grow their own books of business.

Active Investors:

  • 500 Startups(www.500.co)
  • Builders VC(www.builders.vc)
  • FJ Labs(www.fjlabs.com)
  • Global Founders Capital(globalfounderscapital.com)
  • KGC Capital(www.kgccapital.com)
  • Revolution(www.revolution.com)
  • Sierra Ventures(www.sierraventures.com)
  • Tom Williams(tomwilliamselementary.com)

Competitors:

MBO Partners, Shortlist, Expert360, Field Agent, WorkMarket, Guru.com, Skyword, Zintro, Talmix, TaskUs

10. Vyapar – Total Raised $10.4 million

Official Website: www.vyaparapp.in

Vyapar is a Venture Capital-Backed Accounting company founded in 2016. Developer of an accounting software designed to simplify business management and tax filing needs. The company’s software is a GST compatible business accounting and inventory management platform which allows bookkeeping and manages all parties, stock and inventory in one single place, enabling small businesses to reduce the manual work, remove the book maintenance headache and manage accounts in a hassle-free way.

Active Investors:

  • Axilor Ventures(www.axilor.com)
  • First Principles VC(www.firstprinciples.vc)
  • India Quotient(www.indiaquotient.in)
  • IndiaMART(www.indiamart.com)

Competitors: No competitors found