What is Autobooks?
Autobooks offers a comprehensive suite of financial tools designed to be fully integrated into online and mobile banking experiences for small businesses. By partnering with financial institutions, Autobooks empowers them to deliver enhanced services to their business customers, facilitating seamless payment processing, invoicing, and accounting management directly within their digital banking channels. This approach aims to deepen customer relationships and provide essential operational support for small enterprises.
How much funding has Autobooks raised?
Autobooks has raised a total of $127.3M across 6 funding rounds:
Angel/Seed
$2M
Series A
$10M
Debt
$350K
Series B
$25M
Series C
$50M
Other Financing Round
$40M
Angel/Seed (2015): $2M with participation from Standup Detroit
Series A (2018): $10M led by The InvestMichigan!, Draper Triangle, LLC, CU Solutions Group, Detroit Venture Partners, LLC, and Baird Capital
Debt (2020): $350K supported by PPP
Series B (2021): $25M featuring MissionOG
Series C (2022): $50M backed by TD Bank Group, Baird Capital, MissionOG, Draper Triangle, Commerce Ventures, and Macquarie
Other Financing Round (2025): $40M with participation from Runway Growth Capital
Key Investors in Autobooks
TD Bank Group
TD Bank Group is a major financial services provider offering a wide range of banking, wealth management, and insurance products. Their investment in Autobooks suggests a strategic interest in enhancing their digital banking offerings for business clients.
Baird Capital
Baird Capital is a private equity and venture capital firm that invests in founder-led B2B tech and services companies globally. Their involvement indicates confidence in Autobooks' B2B technology and growth potential.
MissionOG
MissionOG is an investment firm focused on high-growth B2B companies driving economic digitization, particularly in fintech. Their investment highlights Autobooks' strong position within the fintech sector and its role in modernizing financial services.
What's next for Autobooks?
The substantial enterprise-level funding and recent strategic investment signal a period of accelerated growth and market expansion for Autobooks. This capital will likely be deployed to enhance product development, broaden integration capabilities with more financial institutions, and scale its sales and marketing efforts. The company's focus on embedding financial solutions within the core digital banking experience positions it to capture a significant share of the small business financial technology market, further solidifying its role as a key enabler of digital transformation for community and regional banks.
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