What is Bookkeep?
Bookkeep specializes in automating the complex process of posting daily financials from various sales channels to accounting systems such as QuickBooks, Xero, Sage Intacct, and NetSuite. Serving retail, restaurant, cannabis, and ecommerce businesses, Bookkeep's platform integrates with numerous payment processors and e-commerce platforms including Square, Shopify, Grubhub, Amazon Seller, Squarespace, Stripe, and PayPal. This automation is designed to save accountants and bookkeepers a substantial amount of time, estimated at over twenty hours per month per client, thereby enhancing operational efficiency and accuracy in financial management.
How much funding has Bookkeep raised?
Bookkeep has raised a total of $9.9M across 2 funding rounds:
Other Financing Round
$3.3M
Angel/Seed
$6.6M
Other Financing Round (2021): $3.3M with participation from TTV Capital, Correlation Ventures, Lerer Hippeau Ventures, and Argonautic Ventures
Angel/Seed (2022): $6.6M led by TTV Capital, Fin Capital, Argonautic Ventures, Haymaker Ventures, and Lerer Hippeau Ventures
Key Investors in Bookkeep
TTV Capital
TTV Capital invests in fintech businesses that serve the widely varying needs of the financial services sector and the consumers of financial products. Their team possesses extensive venture capital and industry operating expertise.
Argonautic Ventures
Argonautic Ventures is a venture capital firm focused on building data-centric companies, particularly in financial technology, construction technology, and computational biotechnology, investing at the pre-seed to seed stages.
Lerer Hippeau Ventures
Lerer Hippeau is a venture capital firm focused on investing in innovative startups, particularly in the early stages such as Seed and Pre-Seed rounds, supporting founders with great ideas across both enterprise and consumer landscapes.
What's next for Bookkeep?
With the recent major strategic investment and substantial overall backing, Bookkeep is poised for accelerated growth and further development of its financial automation platform. This capital infusion is expected to fuel expansion into new markets, enhance integration capabilities with a wider array of business tools, and potentially support research and development for advanced reconciliation features. The company's focus on streamlining financial operations for diverse business sectors positions it for continued success in the competitive fintech landscape.
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