What is Lockstep?
Founded in 2019 and headquartered in Seattle, Lockstep operates as a provider of connected accounting solutions. The company's core mission is to address and eliminate inefficiencies, specifically cash traps and leaks, within business-to-business (B2B) accounting processes. By offering innovative solutions, Lockstep aims to streamline financial operations for its clients, enhancing accuracy and reducing financial leakage.
How much funding has Lockstep raised?
Lockstep has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2021): $10M with participation from Clocktower Group L.P, Point72, and Revel Partners
Key Investors in Lockstep
Clocktower Group L.P
Clocktower Group L.P. is an investment firm that participated in Lockstep's Series A funding round. Further details on their specific investment focus are not provided.
Point72
Point72, established in 1992 and based in Stamford, Connecticut, is a private investment management firm known for managing various private investment funds across different strategies. They were a backer in Lockstep's Series A financing.
Revel Partners
Revel Partners is a venture capital firm based in New York that specializes in B2B software investments, focusing on exceptional founders. They actively support startups from seed to scale, leveraging their entrepreneurial background and network to drive growth.
What's next for Lockstep?
The recent major strategic investment signals a pivotal moment for Lockstep, likely enabling the company to accelerate its product development, expand its market reach, and enhance its operational capabilities. This infusion of capital, within the context of enterprise-level funding, suggests Lockstep is poised for significant scaling and further solidifying its position in the competitive accounting technology sector. Future growth will likely involve deepening its connected accounting ecosystem and potentially exploring new market segments.
See full Lockstep company page
