Sage participated in a $12.6m round for the business banking and accounting software provider that took its total funding above $21m.

Countingup, a UK-based provider of bookkeeping software, has raised £9.1m ($12.6m) in series A funding from a consortium including enterprise software producer Sage.

Venture capital firms Framework Venture Partners led the round, which included alternative asset manager Gresham House Ventures.

Founded in 2017, Countingup offers a business current account with built-in accounting software, and will use the funding to drive product innovation, growth and team expansion.

The company secured $5.3m in a May 2020 bridge round led by ING…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.