GV led a $20m series A round for the accounting platform developer announced in tandem with a 2020 seed round as it came out of stealth.

Vareto, a US-based financial planning and accounting (FP&A) software provider, emerged from stealth on Friday with $24m in funding from investors including GV, a venturing subsidiary of internet and technology conglomerate Alphabet.

GV led the company’s $20m series A round, which also featured venture capital firm Menlo Ventures and some 40 undisclosed angel investors. Menlo Ventures had reportedly led Vareto’s $4.2m seed round in mid-2020.

Founded in 2020, Vareto provides a software platform enabling businesses to handle all their financial…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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