Finaloop raises $35 million in a Series A funding round led by Lightspeed Venture Partners to develop an e-commerce accounting platform
Finaloop raises $35 million in a Series A funding round led by Lightspeed Venture Partners to develop an e-commerce accounting platform
06/17/24, 1:28 PM
Location
brooklynMoney raised
$35 million
Industry
e commerce
Round Type
series a
Investors
Aleph, Accel, Commerce Ventures, Vesey Ventures, Lightspeed Venture Partners
Finaloop, a company that provides an accounting solution tailored to the unique needs of e-commerce companies, has raised $35 million in a Series A funding round led by Lightspeed Venture Partners. The round also saw participation from Vesey Ventures, Commerce Ventures, and existing investors, Accel and Aleph. The company has witnessed a fourfold growth in the number of customers and a sevenfold increase in revenue, leading to a significantly higher valuation in this funding round.
Company Info
Location
brooklyn, new york, united states
Additional Info
Finaloop reconciles all financials in real-time, providing ecommerce and DTC brands flawless books, optimized tax returns, and actionable insights 24/7 with 100% accuracy. We replace your accounting software, your integrations, your bookkeeper and tax CPA, so you stop wasting your precious time and money, make smarter decisions and handle taxes on time. Grow your business, make more money and beat your competition with flawless financials and actionable real-time business data.