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    PartsTech, a Boston-based car component startup, bags $35 million

    PartsTech, a Boston-based car component startup, bags $35 million

    Gradiant raises $225 million in Series D, enters the unicorn club

    Gradiant raises $225 million in Series D, enters the unicorn club

    Ohmium, a green hydrogen startup closes $250 million Series C

    Ohmium, a green hydrogen startup closes $250 million Series C

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      PartsTech, a Boston-based car component startup, bags $35 million

      PartsTech, a Boston-based car component startup, bags $35 million

      Gradiant raises $225 million in Series D, enters the unicorn club

      Gradiant raises $225 million in Series D, enters the unicorn club

      Ohmium, a green hydrogen startup closes $250 million Series C

      Ohmium, a green hydrogen startup closes $250 million Series C

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      Home Venture Capital

      Bookkeep.com bags $3.3m in Lerer Hippeau-led funding round

      USTechTimes Editor by USTechTimes Editor
      May 31, 2021
      bookkeep.com

      Photo by Kelly Sikkema on Unsplash

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      Bookkeep.com, a provider of data entry automation for accounting firms and small businesses, announced raising $3.3 million in a venture funding round led by Lerer Hippeau, an early-stage venture capital fund.

      The funding round was also participated by fintech investor TTV Capital, VC and hedge fund firm Argonautic Ventures, and Correlation Ventures, according to the announcement.

      Bookkeep.com’s SaaS application aggregates daily detailed financial data from e-commerce and point of sales systems, such as Square, Shopify, Amazon Seller, Stripe, Paypal, Squarespace, and Woocommerce.

      This data is then summarized and posted to QuickBooks Online, Xero, and other accounting platforms. Historically, this task has been a time-consuming, manual process for SMBs, bookkeepers, and accountants.

      “Accountants and bookkeepers who use bookkeep.com™ are saving at least 20 hours per month per client which means they can take on more clients, thereby increasing their profits,” said Ruth Ku CPA, Co-Founder, and COO of bookkeep.com.

      Ku said the investment will help the company solve a huge problem for accountants, whose clients are increasingly using multiple cloud-based revenue and payment systems to run their business.

      “Businesses are using multiple payment and revenue systems to sell in our multi-channel world. Each day detailed financial data must be posted for each then reconciled to deposits the next day,” said Caitlin Strandberg, who led the investment for Lerer Hippeau.

      On the other hand, Gardiner Garrard, the founding partner at TTV Capital, was one of the first venture investors in ShopKeep, the leading iPad Point of Sale software company started by bookkeep.com CEO and Co-Founder Jason Richelson, which Lightspeed acquired in 2020.

      Richelson said the investment is a testament to the value that Bookkeep.com brings to accountants and small and medium business owners who have been struggling with accounting tasks that are not automated.

      “We look forward to working with Caitlin Strandberg, Eric Hippeau, and Gardiner Garrard to transform the way accurate bookkeeping is accomplished,” he added.

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      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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