Deals

botkeeper Raises $4.5M in Seed Funding
Date: 
Friday, January 26, 2018
Location: 
Boston
Categories: 
B2B
SaaS
Deal Type: 
Funding

botkeeper®, the first automated bookkeeping solution, today announced a $4.5 million Seed investment led by Ignition Partners.  The list of premier investors joining the round also includes former Microsoft CFO John Connors; 500 Startups partner Matthew Johnson; Trevor Kienzle of Correlation Ventures; and Talla founder Rob May, an early botkeeper client.  The investment enables further product development and expanded sales and marketing activities. Ignition Partners’ Kellan Carter and Atlantis Technologies’ CEO Tom Biggins join the board.

Bookkeeping is an important, yet historically very manual, business process.  Accountants and bookkeepers spend many hours recording transactions one-at-a-time and feeding this data into complex, hard-to-navigate systems. It’s time-consuming, expensive, and error-prone; often eliminating a company’s ability to see – and act on – cross-functional trends impacting the overall business.  botkeeper customers save money and time by automating bookkeeping tasks through a blend of dedicated machine learning (ML), artificial intelligence (AI), and human assistance.  As companies grow, botkeeper scales with them while still offering significant savings over alternatives... READ MORE