The Citi Ventures-backed bookkeeping software provider has increased its total funding to almost $43m in a Bessemer Venture Partners-led round.
ScaleFactor, a US-based accounting software developer backed by financial services firm Citi, has collected $30m in a series B round led by venture capital firm Bessemer Venture Partners.
The round included Broadhaven Ventures, a branch of independent investment bank and advisory firm Broadhaven, as well as venture capital fund Firebrand Ventures and VC firm Canaan Partners, taking the company’s overall funding to approximately $42.9m.
Founded in 2014, ScaleFactor has built an accounting platform that uses artificial intelligence and machine learning…
