Tag: accounting
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Lightspeed leads $23M investment in AI startup for accounting departments Stacks
A London-headquartered AI startup targeting accountancy departments, set up by a former Uber and Plaid executive, has raised $23 million in a Series A round, led by new investor Lightspeed.The Series A in Stacks also includes returning investors EQT Ventures, General Catalyst, and S16VC. The new round follows 12 months after its$12m seed round. It read more
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Rivage raises €2.6M to expand payroll software across accounting firms
Paris-based Rivage has closed a €2.6 million pre-seed funding round to support the rollout of its payroll software across accounting firms. The round includes Partech, alongside business angel investors from the technology and accounting sectors, including the founders of Skello, Hexa, Quarksup, and Teledec. More than half of employees in France rely on accounting firms read more
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French accounting software platform Pennylane raises $200M
French accounting software platform Pennylane has raised $200m in a funding round, but says it had no immediate need for the fresh funds. The round was led by growth investor TCV, with Blackstone Growthand existing investors, including Sequoia, DST Global and the venture arm of Alphabet, CapitalG, also participating. The funding round values Pennylane at read more
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Integral acquires cleverlohn and secures funding to advance its AI accounting and payroll platform
Berlin-based Integral, an AI-powered services company focused on accounting, tax and payroll for SMEs, has acquired cleverlohn, a digital payroll and HR provider in Germany. The acquisition expands Integral’s AI-based offering and represents a step in its strategy to build a leading AI-first advisory firm in accounting, tax and payroll in Europe. Integral has also read more
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