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Transcript of Tracxn - Finance & Accounting Startup Landscape
JANUARY 2018
FINANCE & ACCOUNTING
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on January 4, 2018.
Finance & Accounting Feed Summary
4
Finance & Accounting > Feed Summary
Tools or software for automating functions of finance and accounting department of an organization.
• Inclusions: All the software solutions helping companies manage their finance and accounting functions will be covered in the feed. This will include all the legacy software companies be it on-premise licensed or cloud-based software. The outsourcing companies will be included only if they either have in-house proprietary software or marquee customers or heavily funded. Financing companies will be covered only if they provide a software for one or more accounting functions. Companies providing digitization of paper-based financial documents will be covered under enablers.
• Exclusions: Pure play services firm that offers accounting related services, Companies focused only on financing will not be covered. Companies providing solutions for any specific sector are not covered.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$9BFunding
60Mega Companies
6442840FundedCovered on
Tracxn
12Unicorns
32Soonicorns
33Minicorns
33IPO’d Cos
276Late Stage Cos
93
34Acquisitions
87DeadPooled
154Acquihired
Series A+ CosSunGard
(1982, Wayne, Acquired)
AvidXchange(2000, Charlotte, $560M)
Wolters Kluwer(1836, The Hague, Funded)
Top Companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Investment Trend SummarySummary of Funding Activity in Finance & Accounting
5
$300M - Series FAvidXchange (2000, Charlotte, $560M)
$88M - Series DApttus (2006, San Mateo, $329M)
$115M - PEPaySimple (2006, Denver, $137M)
$75M - Series DTradeshift (2009, San Francisco, $266M)
$100M - Series GBill.com (2006, Palo Alto, $259M)
$70M - Series BIvalua (2000, Redwood City, $73M)
$90M - Series EAnaplan (2006, San Francisco, $300M)
$60M - Series FAnaplan (2006, San Francisco, $300M)
$90M - Series CGusto (2011, San Francisco, $176M)
$60M - PECapital Confirmation (2000, Brentwood,
$63M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend*YTD *YTD
Finance & Accounting > Feed Summary > Investment Trend Summary
Seed Y Combinator (#14), Kima Ventures (#4), SixThirty (#4)
Series A/B Accel Partners (#5), Arbor Ventures (#3), Bain Capital Ventures(#3)
Series C+Meritech Capital Partners (#3), Bain Capital Ventures (#2),
Luminate Capital Partners (#2)
Incubators 500 Startups (#13) Techstars (#10) Barclays Accelerator (#3)
Other Notable Investors
FundersClub (#7), BDC Capital (#6), Plug and Play Tech Center(#6)
Debt Investors Silicon Valley Bank (#6), BEST Funds (#2), Crystal Financial (#1)
Most Active InvestorsRecent Investments
238
282
341
212
59
2013 2014 2015 2016 2017 2018*Y-o-Y # of Companies Founded 84 130 138 142 119 -
$723M
$1.B
$1.6B
$1.2B
$1.4B
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds$7.1B
$650M
$319M
$98.5M
$97.6M
US
Europe
Canada
Australia
India
$ Funding
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Summary of exit outlook in Finance & Accounting
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Salesforce 4Apttus (2006, San Mateo, $329M)
Anaplan (2006, San Francisco, $300M)
Emergence Capital 3Gusto (2011, San Francisco, $176M)
Intacct (1999, San Jose, $95.8M)
Shasta Ventures 3Anaplan (2006, San Francisco, $300M)
Zuora (2007, Foster City, $250M)
Iconiq Capital 3Apttus (2006, San Mateo, $329M)
BlackLine (2001, Woodland Hills, $220M)
New Enterprise Associates
3Workday (2005, Pleasanton, $267M)
Perfect Commerce (1994, Newport News, $30M)
Jul 2017 Intacct Acq by Sage Group for $850M
Jul 2016Electronic Funds Source Acq by Wright Express for $1.1B
Nov 2015SunGard Acq by Fidelity Information Services for $9.1B
May 2015 GFKL Acq by Permira investment for $681M
Dec 2014 Concur Acq by SAP for $8.3B
Oct 2014 Digital River Acq by Siris Capital for $840M
Finance & Accounting > Feed Summary > Exit Outlook Summary
SAP 3Concur (Dec 2014, $8.3B), Ariba (Oct 2012, $4.3B), Hybris (Aug
2013)
Intuit 3TSheets (Dec 2017, $340M), PayCycle (Jun 2009, $170M),
Electronic Clearing House (Feb 2008, $131M)
Thoma Bravo 1 PowerPlan (Feb 2015)
Salesforce 1 SteelBrick (Dec 2015, $360M)
Ericsson 1 MetraTech (Jul 2014)
Recent IPOs Top Acquisitions
Cerillion Skyline Mar 2016Subscription billing, charging and CRM so…IPO MCap: - Current MCap: $832k
Class Super Dec 2015Cloud-based software solutions for wealth…IPO MCap: $84.1M Current MCap: $256M
MYOB Apr 2015Business management solutions provider.IPO MCap: - Current MCap: $1.7B
Workiva Dec 2014Compliance and management reporting platf…IPO MCap: $553M Current MCap: $891M
IRIS Oct 2017Cloud based XBRL solutionsIPO MCap: $9.2M Current MCap: $9.2M
FreeAgent Nov 2016SaaS Finance Management for SMBIPO MCap: $42.5M Current MCap: $544k
BlackLine Oct 2016Account reconciliation softwareIPO MCap: $839M Current MCap: $1.8B
Coupa Oct 2016Cloud spend management software.IPO MCap: - Current MCap: $1.7B
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
January 2018Tracxn BlueBox – Finance & Accounting2840+ companies in the sector, 377 funded in last 5 years, $2.6B invested in last 2 Years Most Active Investors: Y Combinator, 500 Startups, Accel Partners, Silicon Valley Bank, Techstars 0
50
100
150
200
250
300
350
400
2013 2014 2015 2016 2017
No of Companies Founded
0
500
1000
1500
2000
2013 2014 2015 2016 2017
– YOY Funding Trend (in $M)
ACCOUNTING SOLUTIONS FINANCIAL MANAGEMENT
SuiteAnaplan (2006, San Francisco, $240M)
ACCOUNTING ENABLERS
Data DigitizationCommerce Sync (2005, Denver, $50M)
B2B PaymentsEscrow.com
(1999, Rancho Santa Margarita, $30M, Acq.)
Collaboration SoftwareGetSqrl (2013, Cincinnati, $550K)
Subscription BillingVindicia (2003, Redwood City, $41M, Acq.)
Business IntelligenceKlipfolio (2001, Ottawa, $19M)
Budgeting & ForecastingCentage (2002, Natick, $25M)
Equity AdministrationCertent (2002, Pleasanton, $36M)
Treasury ManagementKyriba (2000, San Diego, $114M)
Accounting SuiteIntuit (1983, Mountain View, IPO)
BookkeepingBench (2012, Vancouver, $33M)
Invoice ManagementAvidXchange (2000, Charlotte, $558M)
Payroll ManagementGusto (2011, San Francisco, $176M)
Quote-to-CashApttus (2006, San Mateo, $274M)
Procure-to-PayTradeshift (2009, San Francisco, $266M)
Expense ManagementItzCash (2006, Mumbai, $51M, Acq.)
Account ReconciliationBlackLine (2001, Woodland Hills, $220M, IPO)
TaxationAvalara (2004, Bainbridge Island, $311M)
AuditingCapital Confirmation (2000, Brentwood, $63M)
Regulatory ReportingWorkiva (2008, Ames, $54M, IPO)
$7.2B $1.4B
$419M
Finance & Accounting > Feed Summary > BlueBox
Cumulative funding in the market
7
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies For any Feedback and Query reach out to [email protected]
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Key Sub Sectors in Finance & Accounting Sector
Summary of Key Markets
8
Top Markets of Investment Activity# Cos on Platform
Last 2 Years
$ Invested # Round
Accounting Solutions > Invoice
Management >
Payables66 $360M 11
Accounting Solutions > Accounting Suite >
SMB 378 $146M 17
Accounting Solutions > Expense
Management >
Expense Tracking Software179 $102M 28
Accounting Solutions > Invoice
Management >
Payables & Receivables117 $168M 11
Financial Management >
Treasury Management 62 $127M 12
Financial Management >
Suite 70 $218M 10
Accounting Solutions > Invoice
Management > Receivables >
Collections180 $60.5M 20
Accounting Solutions >
Procure-to-pay 60 $202M 9
Accounting Solutions > Payroll
Management >
Payroll Software98 $167M 10
Accounting Solutions >
Quote-to-cash 33 $215M 5
Sub Sectors# Cos
Tracked#
FundedTotal
Funding
Accounting SolutionsCompanies providing financial accounting related solutions such as bookkeeping, invoicing,...
2140 437 $7.2B
Financial ManagementCompanies offering various financial planning tools for valuation, forecasting, and other...
361 108 $1.4B
Accounting EnablersCompanies offering solutions to enable/optimize the accounting processes
329 97 $419M
Finance & Accounting > Feed Summary > Summary of Key Markets
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies in Finance & Accounting
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
Finance & Accounting > Feed Summary > Notable Companies in the Sector
Public
Workday(2005, Pleasanton, $267M)*
BlackLine(2001, Woodland Hills, $220M)
Workiva(2008, Ames, $53.8M)
Model N(1999, Redwood City, $37M)
Blackbaud(1981, Charleston)
Proactis(1996, Wetherby)
Flexi(1991, Shelton)
Bottomline Technologies(1989, Portsmouth)
Class Super(2009, Sydney)
FreeAgent(2007, Edinburgh, $4.9M)
Public
8common(2014, Sydney)
IRIS(2000, Vashi)
Wright Express(1983, South Portland, $355M)
Coupa(2006, San Mateo, $169M)
Cerillion Skyline(1999, London, $9M)
Heeros(2000, Helsinki)
MYOB(1991, Glen Waverley)
VersaPay(2006, Vancouver)
Esker(1985, Lyon)
Basware(1985, Espoo)
Public
BizXpert(1989, Budapest)
Direct Insite(1987, Lauderdale)
Intuit(1983, Mountain View)
PRGX(1970, Atlanta)
PromikBook(2010, Gothenburg)
Reckon(1987, Sydney)
Sage Group(1997, Newcastle Upon Tyne)
Sidetrade(2000, Boulogne)
Solium(1999, Calgary)
The Mint Corporation(2009, Dubai)
Public
Tungsten Network(2000, London)
US Dataworks(1997, Sugar Land)
Xero(2006, Wellington)
Acquired
SunGard(1982, Wayne)
Concur(1993, Bellevue)
Ariba(1996, Sunnyvale)
Electronic Funds Source(1996, Ogden)
Intacct(1999, San Jose, $95.8M)
Digital River(1994, Minnetonka)
GFKL(1992, Essen)
SteelBrick(2002, Palo Alto, $77.5M)
TSheets(2006, Boise, $15M)
Applix(1983, Westborough)
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies in Finance & Accounting
Notable Companies in the Sector (2/2)
10
Note: *(Founded Year, Location, Total Funding)
Finance & Accounting > Feed Summary > Notable Companies in the Sector
Acquired
Tagetik(1986, Lucca)
IPay Technologies(2001, Elizabethtown)
BlueGill Technologies(1996, Brookfield)
PayCycle(1999, Palo Alto, $28M)
OB10(2000, London, $10.1M)
MYOB BankLink(1986, Auckland)
Perfect Commerce(1994, Newport News, $30M)
Electronic Clearing House(1981, Camarillo)
ItzCash(2006, Mumbai, $52.6M)
SurePayroll(2000, Glenview)
Acquired
Certify(2008, Portland, $2.2M)
Unicorns
AvidXchange(2000, Charlotte, $560M)
Apttus(2006, San Mateo, $329M)
Anaplan(2006, San Francisco, $300M)
Zuora(2007, Foster City, $250M)
Gusto(2011, San Francisco, $176M)
Wolters Kluwer(1836, The Hague)
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (1/11)
12
Finance & Accounting > Feed Summary > Notable Companies by Market
Accounting Solutions
Accounting Suite
Workday (2005, Pleasanton, $267M)Human Resources and Financial Management SuiteStage: Public
T. Rowe Price, Morgan Stanley, Bezos Expeditions and 6 Other Investors
FinancialForce (2009, San Francisco, $194M)Cloud ERP solutions providerSoonicorn. Stage: Series D
Technology Crossover Ventures, Salesforce, Advent International and 1 Other Investors
Intacct (1999, San Jose, $95.8M)Cloud ERP, Financial management and Accounting ApplicationsSoonicorn. Stage: Acquired
Silicon Valley Bank, Battery Ventures, Bessemer Venture Partners and 9 Other Investors
Accounting Suite
Wave Accounting (2009, Toronto, $86.3M)SaaS Accounting for SMBs and personal finance management. Soonicorn. Stage: Series D
National Australia Bank, Royal Bank of Canada, Portag3 Ventures and 9 Other Investors
Freee (2012, Minato, $54.8M)Automated cloud accounting and payroll software. Soonicorn. Stage: Series C
SBI Investment, DCM Ventures, Recruit Holdings and 4 Other Investors
FreeAgent (2007, Edinburgh, $4.9M)SaaS Finance Management for SMBStage: Public
SaaS Capital, Lightbank, KickAss Capital and 4 Other Investors
MYOB (1991, Glen Waverley)Business management solutions provider. Unicorn. Stage: Public
Bain Capital Private Equity, HarbourVest Partners
Accounting Suite
Blackbaud (1981, Charleston)Non-profit software providerStage: Public
JMI Management, Hellman & Friedman
Class Super (2009, Sydney)Cloud-based software solutions for wealth accounting. Stage: Public
Flexi (1991, Shelton)Enterprise accounting software Solutions for financial services industry. Stage: Public
Intuit (1983, Mountain View)business & financial mgmt. solutionsStage: Public
KPCB, Sierra Ventures
Reckon (1987, Sydney)Web-based accounting and bookkeeping software for SMBs and other usersStage: Public
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (2/11)
13
Finance & Accounting > Feed Summary > Notable Companies by Market
Accounting Solutions
Accounting Suite
Sage Group (1997, Newcastle Upon Tyne)Accounting, HR and ERP solutions for SMEsStage: Public
American Express, Ratan N Tata, Edison Partners
Xero (2006, Wellington)Online Accounting Software for SMBsStage: Public
Technology Crossover Ventures, Accel Partners, Matrix Partners and 3 Other Investors
Bookkeeping
PromikBook (2010, Gothenburg)Billing and bookkeeping software provider. Stage: Public
Aggregate Media
Invoice Management
AvidXchange (2000, Charlotte, $560M)Accounts payable and payment automation solutionsUnicorn. Stage: Series F
MasterCard, Peter Thiel, Caisse de depot et placement du Quebec and 13 Other Investors
Bill.com (2006, Palo Alto, $259M)Provider of cloud-based payables and receivables payment solutions. Soonicorn. Stage: Series G
JPMorgan Chase & Co., Temasek, American Express and 13 Other Investors
Taulia (2009, San Francisco, $137M)Electronic invoicing and dynamic discounting solution. Soonicorn. Stage: Series E
Zouk Capital, BBVA Ventures, EDBI and 10 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (3/11)
14
Finance & Accounting > Feed Summary > Notable Companies by Market
Accounting Solutions
Invoice Management
PaySimple (2006, Denver, $137M)Online Payment and Invoicing for small businessSoonicorn. Stage: Series B
Providence Equity Partners, Susquehanna Growth Equity, Aurionpro and 3 Other Investors
Billtrust (2001, Mercerville, $105M)B2B and B2C payment cycle management solutionsSoonicorn. Stage: Series D
KeyBank, Riverwood Capital, Bain Capital Ventures and 3 Other Investors
C2FO (2008, Fairway, $97.7M)Provides platform for cash flow optimization between business and suppliersSoonicorn. Stage: Series D
Citi, Mithril, Temasek and 8 Other Investors
Viewpost (2012, Maitland, $89.5M)eInvoicing and online payment solution. Soonicorn. Stage: Series C
Caretta, Western Technology Investment
Invoice Management
Transactis (2001, New York City, $61.7M)White label for bill paymentsSoonicorn. Stage: Series E
Fifth Third Bancorp, PNC Financial Services Group, Safeguard Scientifics and 9 Other Investors
Invoice2go (2002, Sydney, $50M)Invoice AppSoonicorn. Stage: Series C
Ribbit Capital, Accel Partners, Western Technology Investment
TSheets (2006, Boise, $15M)Time Tracking SoftwareMinicorn. Stage: Acquired
Summit Partners
OB10 (2000, London, $10.1M)B2B eInvoicing, invoice financing and analytics firm. Stage: Acquired
Black River Asset Management, FF and P Private Equity, Straub Ventures and 2 Other Investors
Invoice Management
BlueGill Technologies (1996, Brookfield)Electronic billing and payment solutionEditor's Pick. Stage: Acquired
Blue Chip Venture, Allos Ventures, Morgenthaler and 1 Other Investors
Bottomline Technologies (1989, Portsmouth)Invoice, document automation solutionsStage: Public
TempoCap
VersaPay (2006, Vancouver)Cloud based B2B accounts receivable solution providerStage: Public
Esker (1985, Lyon)Document automation & order management softwareStage: Public
Sigma Gestion
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (4/11)
15
Finance & Accounting > Feed Summary > Notable Companies by Market
Accounting Solutions
Invoice Management
BizXpert (1989, Budapest)Cloud-based invoicing solution for Windows. Stage: Public
Direct Insite (1987, Lauderdale)Cloud based accounts payable and receivable management software provider. Stage: Public
Metropolitan Venture Partners, Sigma Capital Partners
GFKL (1992, Essen)Receivables' collections service provider. Stage: Acquired
Advent International, SVG Capital
Sidetrade (2000, Boulogne)Account Receivable automationStage: Public
Odyssee Venture, XAnge, Phitrust Impact Investors and 1 Other Investors
Quote-to-cash
Apttus (2006, San Mateo, $329M)CRM SaaS Pricing, Quoting, and ContractsUnicorn. Stage: Series E
Salesforce, K1 Investment Management, Iconiq Capital and 3 Other Investors
Zuora (2007, Foster City, $250M)Subscription billing and managementUnicorn. Stage: Series F
Next World Capital, Shasta Ventures, Index Ventures and 12 Other Investors
Aria (2003, San Francisco, $150M)Subscription Billing & Management SoftwareSoonicorn. Stage: Series E
Madison Bay Capital Partners, Hummer Winblad Venture Partners, InterWest Partners and 7 Other Investors
Quote-to-cash
SteelBrick (2002, Palo Alto, $77.5M)SaaS based CPQ for SalesForce.com usersStage: Acquired
IVP, Emergence Capital, Salesforce and 2 Other Investors
Model N (1999, Redwood City, $37M)Cloud based revenue management solution for life science and hi-tech industryStage: Public
Crystal Financial, Meritech Capital Partners, Accel Partners and 2 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (5/11)
16
Finance & Accounting > Feed Summary > Notable Companies by Market
Accounting Solutions
Procure-to-pay
Tradeshift (2009, San Francisco, $266M)Collaboration, electronic invoicing and dynamic discounting solutionSoonicorn. Stage: Series D
Wipro, Santander InnoVentures, Data Collective and 12 Other Investors
Coupa (2006, San Mateo, $169M)Cloud spend management software. Unicorn. Stage: Public
Battery Ventures, El Dorado Ventures, Crosslink Capital and 10 Other Investors
Chrome River (2007, Los Angeles, $120M)SaaS Expense Reporting & Invoice ManagementSoonicorn. Stage: Series D
Great Hill Partners, Bain Capital Ventures, First Analysis and 3 Other Investors
Procure-to-pay
Perfect Commerce (1994, Newport News, $30M)Procure-to-Pay AutomationStage: Acquired
Apax Partners, Mayfield, New Enterprise Associates and 11 Other Investors
Ariba (1996, Sunnyvale)e-Procurement, invoicing, and B2B collaboration softwareUnicorn. Stage: Acquired
Intel, The Beekman Group, MK Capital and 2 Other Investors
Heeros (2000, Helsinki)Cloud-based tool for financial information managementEditor's Pick. Stage: Public
Basware (1985, Espoo)P2P and e-invoicing solutionsStage: Public
Procure-to-pay
Proactis (1996, Wetherby)Spend control and e procurement solution providerStage: Public
4490 Ventures
Tungsten Network (2000, London)e-invoicing, invoice financing and analytics companyStage: Public
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (6/11)
17
Finance & Accounting > Feed Summary > Notable Companies by Market
Accounting Solutions
Payroll Management
Gusto (2011, San Francisco, $176M)Cloud-based HRMS and payroll management solutionUnicorn. Stage: Series C
General Catalyst Partners, Obvious Ventures, CapitalG and 23 Other Investors
Justworks (2012, New York City, $53M)Online payroll and benefits platformSoonicorn. Stage: Series C
Redpoint Ventures, Bain Capital Ventures, Thrive Capital and 4 Other Investors
CloudPay (1996, Raleigh, $46M)SaaS Payroll software and servicesSoonicorn. Stage: Series B
Rho Ventures, Rho Capital Partners
PayCycle (1999, Palo Alto, $28M)Online Payroll service provider. Stage: Acquired
TTV Capital, August Capital, DCM Ventures and 1 Other Investors
Payroll Management
Celergo (2004, Deerfield, $15M)Payroll service providerSoonicorn. Stage: Funded
Frontier Capital
Hyperwallet Systems (2000, California)Mass Payout solution provider. Soonicorn. Stage: Funded
Primus Capital Partners, Raymond James, Primus Capital
SurePayroll (2000, Glenview)Online Payroll Service for SMBsStage: Acquired
The Mint Corporation (2009, Dubai)Gateway, POS and prepaid payroll card servicesStage: Public
Expense Management
Wright Express (1983, South Portland, $355M)Financial and information management solutionsStage: Public
North Atlantic Capital, First Analysis
ItzCash (2006, Mumbai, $52.6M)Provider of prepaid payment cardsSoonicorn. Stage: Acquired
Intel Capital, Matrix Partners India, Lightspeed Venture Partners
Certify (2008, Portland, $2.2M)Travel & Expense Management SoftwareStage: Acquired
Innoventure Partners, Haystack Partners, Palm Ventures and 3 Other Investors
Concur (1993, Bellevue)End-to-end travel expense managementUnicorn. Stage: Acquired
American Express, IVP, Redpoint Ventures and 6 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (7/11)
18
Finance & Accounting > Feed Summary > Notable Companies by Market
Accounting Solutions
Expense Management
Electronic Funds Source (1996, Ogden)Corporate and Fleet Expense solutionsUnicorn. Stage: Acquired
Ardian
8common (2014, Sydney)Suite of enterprise softwareStage: Public
8capita
Taxation
Avalara (2004, Bainbridge Island, $311M)Cloud-based Taxation ServiceSoonicorn. Stage: Series F
Warburg Pincus, Technology Crossover Ventures, Sageview Capital and 5 Other Investors
Auditing
PRGX (1970, Atlanta)Accounts Payable recovery audit and advisory services provider. Stage: Public
Blum Capital Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (8/11)
19
Finance & Accounting > Feed Summary > Notable Companies by Market
Accounting Solutions
Account Reconciliation
BlackLine (2001, Woodland Hills, $220M)Account reconciliation softwareStage: Public
Iconiq Capital, Silver Lake, Sumeru Equity Partners
Regulatory Reporting
Workiva (2008, Ames, $53.8M)Compliance and management reporting platformStage: Public
IRIS (2000, Vashi)Cloud based XBRL solutionsStage: Public
Subhkam Ventures
Financial Management
Suite
Anaplan (2006, San Francisco, $300M)SaaS Corporate Performance Management PlatformUnicorn. Stage: Series F
Premji Invest, Top Tier Capital Partners, Baillie Gifford and 13 Other Investors
Adaptive Insights (2003, Palo Alto, $151M)SaaS Corporate Finance ManagementSoonicorn. Stage: Series G
Monitor Ventures, Information Venture Partners, Cardinal Venture Capital and 10 Other Investors
Tidemark (2010, Redwood City, $105M)SaaS Corporate Performance ManagementSoonicorn. Stage: Series D
Marlin Equity Partners, Workday, Greylock Partners and 4 Other Investors
Rocket Software (1990, Waltham, $91.9M)Enterprise Performance Management and BI PlatformSoonicorn. Stage: Funded
Comvest Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (9/11)
20
Finance & Accounting > Feed Summary > Notable Companies by Market
Financial Management
Suite
Host Analytics (2000, Redwood City, $71.7M)Cloud Enterprise Performance ManagementSoonicorn. Stage: Series E
Advanced Technology Ventures, Next World Capital, StarVest Partners and 4 Other Investors
Applix (1983, Westborough)Business performance management solutionStage: Acquired
New Enterprise Associates
Tagetik (1986, Lucca)Corporate Performance ManagementStage: Acquired
Treasury Management
Kyriba (2000, San Diego, $159M)Treasury automation and risk managementSoonicorn. Stage: Series E
Sumeru Equity Partners, Bpifrance, Iris Capital and 9 Other Investors
SunGard (1982, Wayne)Enterprise SoftwareUnicorn. Stage: Acquired
GE Capital, HarbourVest Partners, AlpInvest Partners and 3 Other Investors
Pelican (1993, London)Provider of AI-solutions in payments/compliance processes for banks and corporates. Soonicorn. Stage: Unfunded
US Dataworks (1997, Sugar Land)Multi-channel payment processing & clearing solutionsStage: Public
Equity Administration
Certent (2002, Pleasanton, $35.9M)Equity compensation and financial compliance software provider. Soonicorn. Stage: Series D
Western Alliance Bancorporation
Solium (1999, Calgary)Cloud-based equity compensation administration software and services provider. Stage: Public
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (10/11)
21
Finance & Accounting > Feed Summary > Notable Companies by Market
Accounting Enablers
Collaboration Software
MYOB BankLink (1986, Auckland)Provider of software for automatically providing financial transaction data from banks. Stage: Acquired
Practice Management for Accounting Firms
Wolters Kluwer (1836, The Hague)Suites for Legal office management and accounting firms. Unicorn. Stage: Funded
MMF Capital
Data Digitization
Commerce Sync (2005, Denver, $12.8M)Accounting software to keep track of financial health of the businessSoonicorn. Stage: Series A
Intel Capital, Meritage Funds, Camp One Ventures and 3 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies by Market in Finance & Accounting
Notable Companies by Market (11/11)
22
Finance & Accounting > Feed Summary > Notable Companies by Market
Accounting Enablers
B2B Payments
Electronic Clearing House (1981, Camarillo)End-to-end payment processing solutions. Stage: Acquired
Bank of the West
IPay Technologies (2001, Elizabethtown)Online bill pay serviceStage: Acquired
Bain Capital Ventures, Spectrum Equity
Subscription Billing
GoCardless (2011, London, $47.5M)Online payments solutions for recurring paymentsSoonicorn. Stage: Series C
Accel Partners, Balderton Capital, Notion Capital and 8 Other Investors
Cerillion Skyline (1999, London, $9M)Subscription billing, charging and CRM solution provider. Stage: Public
Digital, Baird Capital
Cleverbridge (2005, Cologne)Global full-service e-commerce and subscription management solution providerSoonicorn. Stage: Unfunded
FastSpring (2005, Santa Barbara)Digital e-commerce payment, merchandising and fulfillment solutionSoonicorn. Stage: Acquired
Pylon Capital, Bill 95, The Cambria Group
Subscription Billing
Digital River (1994, Minnetonka)Global commerce, marketing and payments solutions provider. Stage: Acquired
Earlybird Venture Capital, Capital Southwest
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
List of Notable Companies in Finance & Accounting in China
Notable Companies in the Sector in China
23
Finance & Accounting > Feed Summary > Notable Companies in the Sector in China
Public
Sinosoft(1998, Nanjing)
Soonicorns
Gongziqianbao(2015, Shanghai, $30M)
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Recent News in Finance & Accounting Sector
Recent News
24
Finance & Accounting > Feed Summary > Recent News
Jan 2018Priority Software Expands Offering to Small Businesses, Acquires US-based Acclivity, PR Newswire
Jan 2018 Vertex Announces Salesforce Integrations, Business Wire
Jan 2018 Summit Partners Recaps Vista-backed Trintech, Citybizlist
Jan 2018Ryan Launches Exemption Certificate Management Outsourcing Service, PR Newswire
Jan 2018Kyriba Recognized as a Leader in IDC MarketScape for Worldwide Treasury and Risk Management Applications, Business Wire
Jan 2018Tradeshift Partners with Infosys to Help Clients Digitize Supply Chain Management, Finovate
Jan 2018HighRadius Welcomes 2018 with a New Website for Credit and Accounts Receivable Professionals in the United Kingdom, PRWeb
Jan 2018SAP Concur Brings Continued Innovation and Connected Experiences to Global Customers, PR Newswire
Dec 20172018 Payroll Software for Small Business Released by PayrollMate.com, DirectorsTalk Interviews
Dec 2017Phenom People Updates Status; is Now Workday Certified Solution Partner, Technology-Signals
Dec 2017 Rcom Deal To Bring Synergies For Jio's Biz: Morgan Stanley, btvi.in
Dec 2017Drillisch Reorganises Sales Structure of yourfone Brand, Sector Publishing Intelligence
Dec 2017Bill Requires New Federal Websites to be Mobile-friendly, Wireless Week
Key Recent News Key Recent News
Dec 2017Wolters Kluwer N.V.: Share Buyback Transaction Details December 21 - 27, 2017, GlobeNewswire
Dec 2017Glantus Limited Announces Strategic Partnership with Castleton Plc, ePRNews
Dec 2017IBSFintech wants $4 million in Series A, eyes South-East Asia, Middle East, Indiatimes
Dec 2017Solium Chairman Adopts Automatic Securities Disposition Plan, CNW
Dec 2017 Salarium to raise $20M via cryptocurrency sale, Inquirer
Dec 2017 Verizon Awards WEX A Three-year Fleet Card Contract, Trillions
Dec 2017 Simeno acquired by Silicon Valley company, Startupticker
Dec 2017KDS : Awarded Silver Accreditation by “Investors in People”, 4-Traders
Dec 2017Providence Equity-backed AbacusNext Acquires Commercial Logic, Citybizlist
Dec 2017LS telcom expands cooperation on LoRa software tools with Digita, RealWire
Dec 2017 Fortino invests €20m in MobileXpense, Real Deals
Dec 2017Wolters Kluwer N.V.: Share Buyback Transaction Details December 14 - 20, 2017, GlobeNewswire
Dec 2017 Tally launches Xcelerators for SMEs, Deccan Herald
Dec 2017 Ivalua Appoints Chief Financial Officer, Business Wire
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
25
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club
Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
MarketingTechDec 2017
Sales Force AutomationDec 2017
Consumer HealthTechDec 2017
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
$355M$462M
$723M
$1.0B
$1.6B
$1.2B
$1.4B
0
20
40
60
80
100
120
140
160
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
$1.6B
$1.8B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
3 Year CAGR
6 Year CAGR
Investments ($M) and number of rounds in Finance & Accounting; 2011-2017
Global Funding Trends (1/2)
27
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
*YTD
Finance & Accounting > Investment Trends > Global Funding Trends
# R
ou
nd
s$
Fu
nd
ing
26% $ Funding
12% $ Funding
12% # of Rounds
3% # of Rounds
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
20 37 48 65 65 65 42
22
28 19 37 43 51
56
19 12 17 28 30
26
21
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
61
0
Total # of Rounds
$18M $22M $24M $47M $38M $40M $84M
$134M
$187M$118M
$291M $550M $328M
$574M
$203M $252M $581M $683M $1.B $805M $779M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
$131M
$294M
$570M
$757M
$1.3B
$832M
$1.1B
$0K0
5
10
15
20
25
0
200000000
400000000
600000000
800000000
1E+09
1.2E+09
1.4E+09
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
28
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Finance & Accounting; 2011-2017
Finance & Accounting > Investment Trends > Global Funding Trends
2635
40
59
59
61
41 321
$2.6M
$2.5M
$0.0M
$1.0M
$2.0M
$3.0M
$4.0M
$5.0M
$6.0M
0
50
100
150
200
250
300
350
2001-2011 2012 2013 2014 2015 2016 2017 Total
Entrants in Funding Club Avg. Ticket Size
4 9 11 19 20 15 22 - $2.6M $1.6M $2.2M $2.4M $1.4M $2M $5.7M $2.5M
$355M
$0K
Total $ Invested
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201829
Finance & Accounting > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Finance & Accounting
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 4B 237
Charlotte 560M 12
New York City 336M 47
Bainbridge Island 311M 14
Toronto 220M 23
Woodland Hills 220M 1
Atlanta 181M 11
London 178M 41
San Diego 165M 15
Denver 154M 12
Total Funding
599
222
57
26
31
14
7
25
# Rounds
$7.1B
$650M
$319M
$98.5M
$97.6M
$73.4M
$58.3M
$27.4M
US
Europe
Canada
Australia
India
Japan
Israel
Latam
Note: Excludes funding information of China companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201830
Trend of Average Deal Size ($M)
$1.1 $0.9 $0.6$0.9 $0.8 $0.9
$2.3
2011 2012 2013 2014 2015 2016 2017
$4.8
$8.6 $8.6 $7.3$6.2
$4.8 $4.4
$10.3 $9.2 $10.7 $11.4
$34.4
$14.9
$24.6
$13.5 $21.0
$41.5 $34.1$43.5 $47.4
$59.9
Finance & Accounting > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Finance & Accounting; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$5K* $11M
$50K $31M
$92K $80M
$50K $1B
$22M
$7M
$2.8M
$0.3M
Series C+
Series B
Series A
Seed
Stage
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Note: 271 companies with undisclosed funding amount are not included
31
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
96
161
81
21
24
No. of Companies
Finance & Accounting > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Finance & Accounting; as of Jan 2018
Distribution of companies by Funding Range
$34M
$556M
$1.9B
$1.4B
$5.1B
$ Investment
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Stage No. of CompaniesFunding Funnel
100%
23%
10%
5%
3%
32
Note: Numbers in the brackets show the count of companies
Time to raise next round
93
153
276
644
2840
Series C+
Series B
Series A
Funded
Founded
Next Round
100M+Valuation
ExitsAcqui-Hired
DeadPooled
Others
23% 3%(89)
2%(54)
6%(167)
3%(87)
68%(1942)
43% 13%(81)
7%(48)
13%(86)
1%(7)
43%(275)
55% 18%(49)
6%(17)
17%(46)
0%(1)
28%(76)
61% 31%(47)
10%(16)
14%(21)
1%(1)
25%(38)
- 46%(43)
14%(13)
19%(18)
- -
Finance & Accounting > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Finance & Accounting
Funding Funnel
18 Months
22 Months
21 Months
Investment backedBootstrapped
32
12
18
30
3
3
Soonicorns
Unicorns
Acquisitions
IPOs
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201833
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Finance & Accounting > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Finance & Accounting; Jan 2016-Jan 2018
Notable Investments in last 24 months (1/6)
LATE STAGE
$300M - Series F Jun 2017AvidXchange (2000, Charlotte, $560M)Accounts payable and payment automation solutions
MasterCard, Caisse de depot et placement du Quebec, Temasek
$115M - PE Oct 2016PaySimple (2006, Denver, $137M)Online Payment and Invoicing for small business
Providence Equity Partners
$100M - Series G Sep 2017Bill.com (2006, Palo Alto, $259M)Provider of cloud-based payables and receivables payment solutions.
JPMorgan Chase & Co., Temasek
$90M - Series E Jan 2016Anaplan (2006, San Francisco, $300M)SaaS Corporate Performance Management Platform
Baillie Gifford, Founders Circle Capital, Harmony Partners, Premji Invest
LATE STAGE
$90M - Series C Oct 2016Gusto (2011, San Francisco, $176M)Cloud-based HRMS and payroll management solution
$88M - Series D Sep 2016Apttus (2006, San Mateo, $329M)CRM SaaS Pricing, Quoting, and Contracts
Gulf Islamic Investments
$75M - Series D Jun 2016Tradeshift (2009, San Francisco, $266M)Collaboration, electronic invoicing and dynamic discounting solution
Data Collective, HSBC Group, American Express, CreditEase, Pavilion Capital Partners
$60M - PE Oct 2016Capital Confirmation (2000, Brentwood, $63M)Online audit confirmation solution provider.
Great Hill Partners
LATE STAGE
$60M - Series F Dec 2017Anaplan (2006, San Francisco, $300M)SaaS Corporate Performance Management Platform
Top Tier Capital Partners
$55M - Series E Sep 2017Apttus (2006, San Mateo, $329M)CRM SaaS Pricing, Quoting, and Contracts
Premji Invest
$50M - Series F Sep 2016Avalara (2004, Bainbridge Island, $311M)Cloud-based Taxation Service
Arthur Ventures
$50M - Series E Feb 2016Aria (2003, San Francisco, $150M)Subscription Billing & Management Software
Hercules Capital
$50M - Series D May 2017Billtrust (2001, Mercerville, $105M)B2B and B2C payment cycle management solutions
Riverwood Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201834
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Finance & Accounting > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Finance & Accounting; Jan 2016-Jan 2018
Notable Investments in last 24 months (2/6)
LATE STAGE
$50M - Series C Sep 2017HighRadius (2006, Houston, $50M)Cloud-based accounts receivable solution provider
Susquehanna Growth Equity
$46M - Series E Jan 2016Taulia (2009, San Francisco, $137M)Electronic invoicing and dynamic discounting solution.
$45M - Series E Sep 2017Kyriba (2000, San Diego, $159M)Treasury automation and risk management
Sumeru Equity Partners
$42M - Series C Aug 2017EShares (2012, Palo Alto, $67.8M)SEC-registered Transfer Agent for private companies
Menlo Ventures, Social Capital
$33M - Series C Mar 2016Justworks (2012, New York City, $53M)Online payroll and benefits platform
Redpoint Ventures
LATE STAGE
$30M - Series E Apr 2016Transactis (2001, New York City, $61.7M)White label for bill payments
Fifth Third Bancorp, PNC Financial Services Group, Wells Fargo, Capital One Growth Ventures
$24M - Series D May 2017Wave Accounting (2009, Toronto, $86.3M)SaaS Accounting for SMBs and personal finance management.
National Australia Bank, Royal Bank of Canada, Portag3 Ventures
$23M - Series D Sep 2016Kyriba (2000, San Diego, $159M)Treasury automation and risk management
Bpifrance
$22.5M - Series C Sep 2017GoCardless (2011, London, $47.5M)Online payments solutions for recurring payments
LATE STAGE
$20M - Series D Feb 2016Tradeshift (2009, San Francisco, $266M)Collaboration, electronic invoicing and dynamic discounting solution
$18M - Series E Sep 2017Aria (2003, San Francisco, $150M)Subscription Billing & Management Software
$14.6M - Series D Oct 2016Wave Accounting (2009, Toronto, $86.3M)SaaS Accounting for SMBs and personal finance management.
$13M - Series C Mar 2016GoCardless (2011, London, $47.5M)Online payments solutions for recurring payments
Notion Capital
$10M - Series C Nov 2017Viewpost (2012, Maitland, $89.5M)eInvoicing and online payment solution.
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201835
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Finance & Accounting > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Finance & Accounting; Jan 2016-Jan 2018
Notable Investments in last 24 months (3/6)
LATE STAGE
$6.7M - Series C Mar 2016Wave Accounting (2009, Toronto, $86.3M)SaaS Accounting for SMBs and personal finance management.
BDC Capital
$2.5M - Series F Nov 2017AvidXchange (2000, Charlotte, $560M)Accounts payable and payment automation solutions
PE Jul 2016Tidemark (2010, Redwood City, $105M)SaaS Corporate Performance Management
Marlin Equity Partners
Series D Jan 2017Tradeshift (2009, San Francisco, $266M)Collaboration, electronic invoicing and dynamic discounting solution
Wipro
LATE STAGE
Series D Dec 2016Tradeshift (2009, San Francisco, $266M)Collaboration, electronic invoicing and dynamic discounting solution
Santander InnoVentures
Series D Dec 2016Kyriba (2000, San Diego, $159M)Treasury automation and risk management
Mitsubishi UFJ Capital
Series D Aug 2017Billtrust (2001, Mercerville, $105M)B2B and B2C payment cycle management solutions
KeyBank
Series D Jan 2016C2FO (2008, Fairway, $97.7M)Provides platform for cash flow optimization between business and suppliers
Citi
EARLY STAGE
$70M - Series B Apr 2017Ivalua (2000, Redwood City, $73M)Procure-to-Pay Automation
Kohlberg Kravis Roberts
$50M - Series B Jul 2017Receipt Bank (2011, London, $65M)Invoice data extraction software.
Insight Venture Partners
$43M - Series B Jul 2017FreshBooks (2003, Toronto, $73M)SaaS Accounting Application for SMBs
$42M - Series B Oct 2017GTreasury (1986, Lake Zurich, $42M)Treasury management system provider
Mainsail Partners
$30M - Series B Jul 2016Vena Solutions (2011, Toronto, $36M)Corporate Performance Management
Centana Growth Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201836
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Finance & Accounting > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Finance & Accounting; Jan 2016-Jan 2018
Notable Investments in last 24 months (4/6)
EARLY STAGE
$28M - Series B Oct 2016Nexus Systems (1999, Falls Church, $28M)Accounts payable automation
Mainsail Partners
$25M - Series B Aug 2017TravelBank (2015, San Francisco, $35M)Cloud-based expense management Android and iOS app for SMBs
DCM Ventures, Propel Venture Partners, Silicon Valley Bank, Danhua Capital
$25M - Series B Jun 2017FloQast (2013, Los Angeles, $33M)SaaS month end Account Management for SMBs
Insight Venture Partners
$25M - Series B Jul 2017Rimilia (2008, Bromsgrove, $25M)Robotic process automation based account receivable management.
Kennet Partners, Eight Roads Ventures
EARLY STAGE
$23.8M - Series B May 2016BOARD Italia (1994, Chiasso, $23.8M)Corporate Performance Management software.
Grafton Capital
$23.7M - Series B Dec 2017MobileXpense (2001, Brussels, $23.7M)Saas for corporate expense management
Fortino Capital
$22M - Series B Nov 2017TrueAccord (2013, San Francisco, $27.3M)Behaviorial Analytics based debt recovery solutions.
Arbor Ventures, Assurant, Felicis Ventures, TenOneTen, Caffeinated Capital
$20M - Series B Feb 2017VATBox (2012, Herzliya, $50M)VAT Refund Automation
Target Global
EARLY STAGE
$20M - Series B Mar 2017Canopy (2014, Lehi, $30M)Tax resolution and practice management software provider for tax professionals.
Pelion Venture Partners
$18M - Series B Nov 2016AvidXchange (2000, Charlotte, $560M)Accounts payable and payment automation solutions
Fifth Third Bancorp
$17.2M - Series B Jul 2017Karmic Labs (2014, San Francisco, $24.9M)Saas to manage cash flow and expenses for a business
Alsop Louie Partners, Arbor Ventures, Marketplace Fund, Startup Capital Ventures
$14M - Series B Sep 2016Tipalti (2010, Palo Alto, $27M)Automated online mass payment system and account payable platform.
SGVC
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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Finance & Accounting > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Finance & Accounting; Jan 2016-Jan 2018
Notable Investments in last 24 months (5/6)
EARLY STAGE
$10M - Series B Dec 2017Happay (2012, Bangalore, $17.7M)Cloud based business expense management solution
Axiom Capital Management, AME Cloud Ventures
$10M - Series B Feb 2016Nexonia (2002, Toronto, $14.2M)Software provider for accounting modules like expenses, accounts payable.
$10M - Series A Feb 2016Receipt Bank (2011, London, $65M)Invoice data extraction software.
Kennet Partners
$10M - Series A Oct 2016TravelBank (2015, San Francisco, $35M)Cloud-based expense management Android and iOS app for SMBs
New Enterprise Associates, Accel Partners
$7.4M - Series B Feb 2017Bexio (2008, Rapperswil, $12.2M)Online business management software for SMBs
Swisscom
EARLY STAGE
$7M - Series A Nov 2016Procurify (2011, Vancouver, $12.6M)Procure-to-Pay Automation for SMBs
Runa Capital
$6.5M - Series A Mar 2016FloQast (2013, Los Angeles, $33M)SaaS month end Account Management for SMBs
Polaris Partners
$5.2M - Series A Aug 2016Zervant (2010, Espoo, $8.7M)Invoicing and time tracking for SMBs
Northzone
$4M - Series A Feb 2016Aplos (2009, Fresno, $7.4M)Tools to manage books, donors, and members of nonprofits organizations
San Joaquin Capital
EARLY STAGE
$2.2M - Series A Nov 2017ChartMogul (2014, Berlin, $3.7M)Recurring Revenue Analytics for Subscription Businesses
Alven
Series A Jan 2016Commerce Sync (2005, Denver, $12.8M)Accounting software to keep track of financial health of the business
Intel Capital, Meritage Funds, Camp One Ventures, Augury Capital Partners, Service Provider Capital
Series A Feb 2016Jurnal (2014, Jakarta)Cloud based accounting for SMEs
Fenox Venture Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201838
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Finance & Accounting > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Finance & Accounting; Jan 2016-Jan 2018
Notable Investments in last 24 months (6/6)
SEED STAGE
$20M - Seed May 2017Nibo (2012, Rio De Janeiro, $20M)Cloud-based financial management software.
Vostok Emerging Finance
$2M - Seed Dec 2017Wagepoint (2012, Kitchener, $4M)SaaS payroll application for SMBs
Timia Capital
$1M - Seed Dec 2016Symend (2016, Calgary, $1M)Cloud-based solutions for debt recovery.
Seed Jul 2016Salarium (2013, Manila, $500k)Cloud based payroll management
Future Now Ventures
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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Finance & Accounting > Investment Trends > Notable Investments in last 24 months in China
Major funding rounds by Stage in Finance & Accounting; Jan 2016-Jan 2018
Notable Investments in last 24 months in China
EARLY STAGE
$30M - Series B Jul 2016Gongziqianbao (2015, Shanghai, $30M)Online wallet and payroll management application
$22M - Series B Dec 2016Hsuanzhang (2014, Beijing, $22M)Online financial and tax services provider for
enterprises
IDG Capital Partners, Sichuan Development Financing Guarantee, China Soft Capital Group
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Most Active Investors (VC, PE) by Stage in Finance & Accounting; Last 5 years (Jan 2013-Jan 2018)
Most Active VC & PE Investors
40
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Finance & Accounting > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Y Combinator (14 Investments)Abacus, Plate IQ, Payable
1
Kima Ventures (4 Investments)EShares, ExpenseBot, Spendesk
2
SixThirty (4 Investments)Assembly, DAVO Technologies, Cheddar
3
Draper Associates (3 Investments)EShares, Capshare, Karmic Labs
4
Point Nine Capital (3 Investments)Procurify, ChartMogul, Candis
5
Seedcamp (3 Investments)Pleo, Cardlife, Fractal Labs
6
Anthemis Group (2 Investments)Bento, Fluidly
7
Bloomberg Beta (2 Investments)AppZen, Stampli
8
Blumberg Capital (2 Investments)Bento, Bold
9
Creandum (2 Investments)Bokio, Pleo
10
EARLY STAGE
Accel Partners (5 Investments)Chargebee, Invoice2go, Payfit
1
Arbor Ventures (3 Investments)TrueAccord, Karmic Labs, Accounting SaaS Japan
2
Bain Capital Ventures (3 Investments)AvidXchange, Justworks, Bench
3
Emergence Capital (3 Investments)SteelBrick, Replicon, Gusto
4
Greycroft Partners (3 Investments)Recurly, Karmic Labs, LumaTax
5
Insight Venture Partners (3 Investments)Receipt Bank, FloQast, Ministry Brands
6
Eight Roads Ventures (2 Investments)Rimilia, Accounting SaaS Japan
7
First Analysis (2 Investments)StreamLink Software, BuyerQuest
8
Kennet Partners (2 Investments)Receipt Bank, Rimilia
9
Kibo Ventures (2 Investments)Captio, Billin
10
LATE STAGE
Meritech Capital Partners (3 Investments)Anaplan, Coupa, Hybris
1
Bain Capital Ventures (2 Investments)Chrome River, Aria
2
Luminate Capital Partners (2 Investments)Oversight, Fintech
3
Northgate Capital (2 Investments)Zuora, Coupa
4
Tiger Global Management (2 Investments)C2FO, ContaAzul
5
83NorthHybris
6
Accel-KKRSiigo
7
Alpine InvestorsBill4Time
8
Arthur VenturesAvalara
9
Battery VenturesIntacct
10
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201841
Finance & Accounting > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Finance & Accounting; Last 5 years (Jan 2013-Jan 2018)
Most Active Ecosystem Investors
INCUBATOR
500 Startups (13 Investments)inDinero, AuditFile, AppZen
1
Techstars (10 Investments)Bokio, YayPay, ExpenseBot
2
Barclays Accelerator (3 Investments)Dopay, Cashforce, Tallysticks
3
BlueChilli (3 Investments)Shoeboxed, CurrencyVue, TrusTill
4
Boost VC (3 Investments)AuditFile, Libra, Checkbook
5
Startup Sauna (3 Investments)eTasku, Clerk.AI, Rephop
6
Jumpstart (2 Investments)StreamLink Software, ExpenseBot
7
MEST (2 Investments)Amplify, Paysail
8
Prime Venture Partners (2 Investments)Happay, Niyo Solutions
9
Speedinvest (2 Investments)Pleo, Candis
10
OTHER NOTABLE INVESTORS
FundersClub (7 Investments)Abacus, AppZen, Sourcery
1
BDC Capital (6 Investments)Wave Accounting, Klipfolio, Procurify
2
Plug and Play Tech Center (6 Investments)PowerPlan, TrueAccord, Bento
3
Salesforce (5 Investments)Anaplan, Apttus, SteelBrick
4
Fifth Third Bancorp (4 Investments)Bill.com, AvidXchange, Transactis
5
Ribbit Capital (4 Investments)Gusto, Invoice2go, Parasut
6
SaaS Capital (4 Investments)inDinero, FreeAgent, Webgility
7
Startupbootcamp (4 Investments)InvoiceSharing, Eccentrade, BanhJi
8
Technology Crossover Ventures (4
Investments)Avalara, FinancialForce, Xero
9
American Express (3 Investments)Bill.com, Tradeshift, Sage Group
10
DEBT INVESTORS
Silicon Valley Bank (6 Investments)Bill.com, Tidemark, Nvoicepay
1
BEST Funds (2 Investments)Delego, Necho System
2
Crystal FinancialModel N
3
Finance BirminghamSynapse Information
4
Hercules CapitalAria
5
Leader VenturesInterlace Systems
6
MidCap FinancialAdvicent Solutions
7
PMVVirteo
8
Wellington FinancialNecho System
9
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201842
Finance & Accounting > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/6)
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Finance & Accounting > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (2/6)
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Finance & Accounting > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (3/6)
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Finance & Accounting > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (4/6)
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Finance & Accounting > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (5/6)
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Finance & Accounting > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (6/6)
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Finance & Accounting > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector
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Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
49
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive
Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Logistics TechNov 2017
RealEstate TechNov 2017
Local ServicesNov 2017
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January 2018Tracxn BlueBox – Finance & Accounting
51
Finance & Accounting > Market Details > BlueBox
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Key Sub Sectors
52
Key Sub Sectors in Finance & Accounting
Market Top Companies# Cos
Tracked#
FundedTotal
Funding
Accounting SolutionsCompanies providing financial accounting related solutions such as bookkeeping, invoicing, tax, and payroll software
Wright Express (1983, South Portland, Public)AvidXchange (2000, Charlotte, $560M)
2140 437 $7.2B
Financial ManagementCompanies offering various financial planning tools for valuation, forecasting, and other corporate performance indicators
Arcplan (1993, Wayne, Acquired)Anaplan (2006, San Francisco, $300M)
361 108 $1.4B
Accounting EnablersCompanies offering solutions to enable/optimize the accounting processes
Vindicia (2003, Redwood City, Acquired)Receipt Bank (2011, London, $65M)
329 97 $419M
Finance & Accounting > Market Details > Key Sub Sectors
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Detailed Sector Taxonomy (1/5)
53
Finance & Accounting > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (2/5)
54
Finance & Accounting > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (3/5)
55
Finance & Accounting > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (4/5)
56
Finance & Accounting > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (5/5)
57
Finance & Accounting > Market Details > Detailed Sector Taxonomy
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Rank MarketLast 2 Years
$ Invested # Round Top Funded Company
1(+8)
Accounting Solutions > Invoice Management > PayablesCompanies automating invoice management and payments on the buyer side(Companies covered 66 | Funded 17 | Total Funding $678M)
$360M(+$90.5M)
11(+4)
AvidXchange(2000, Charlotte, $560M)
2(-)
Accounting Solutions > Accounting Suite > SMBCompanies providing accounting suite software with the focus on SMBs(Companies covered 378 | Funded 44 | Total Funding $399M)
$146M(+$7.2M)
17(-1)
FreshBooks(2003, Toronto, $73M)
3(+4)
Accounting Solutions > Expense Management > Expense Tracking SoftwareCompanies offering software for tracking and reporting employee's expenses(Companies covered 179 | Funded 52 | Total Funding $182M)
$102M(+$61.6M)
28(+2)
TravelBank(2015, San Francisco, $35M)
4(+14)
Financial Management > Treasury ManagementCompanies offering solutions to manage a firm's liquidity and mitigating the operational, financial and reputational risk(Companies covered 62 | Funded 20 | Total Funding $267M)
$127M(+$101M)
12(+9)
Kyriba(2000, San Diego, $159M)
5(-4)
Accounting Solutions > Invoice Management > Payables & ReceivablesCompanies automating the entire invoicing process for both payables and receivables(Companies covered 117 | Funded 22 | Total Funding $457M)
$168M(+$26.8M)
11(-4)
Bill.com(2006, Palo Alto, $259M)
6(+4)
Financial Management > SuiteCompanies offering analytics software for effective reporting and performance management(Companies covered 70 | Funded 24 | Total Funding $844M)
$218M(-$38.8M)
10(+4)
Anaplan(2006, San Francisco, $300M)
7(+8)
Accounting Solutions > Invoice Management > Receivables > CollectionsCompanies automating/improving the collection process(Companies covered 180 | Funded 43 | Total Funding $318M)
$60.5M(+$49M)
20(+9)
TrueAccord(2013, San Francisco, $27.3M)
58
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/3)
Top Markets by Funding in Finance & Accounting in last 2 years (January 2016 - December 2017)
Finance & Accounting > Market Details > Top Markets of Investment Activity
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Top Markets of Investment Activity (2/3)
Finance & Accounting > Market Details > Top Markets of Investment Activity
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Top Markets of Investment Activity (3/3)
Finance & Accounting > Market Details > Top Markets of Investment Activity
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Rank Market # Investments Key Investments
1Accounting Solutions > Expense Management > Expense Tracking SoftwareCompanies offering software for tracking and reporting employee's expenses(Companies created 179 | Funded 52 | Total Funding $182M )
2AppZen (2012, Sunnyvale, $17.5M)
TravelBank (2015, San Francisco, $35M)
2Accounting Solutions > Payroll Management > Payroll SoftwareCompanies providing software to manage employee payroll, taxes and reimbursements(Companies created 98 | Funded 18 | Total Funding $384M )
1 Payfit (2015, Paris, $21.5M)
3
Accounting Enablers > Collaboration SoftwareCompanies offering software that help accountants and their clients to collaborate and share financial documents(Companies created 23 | Funded 5 | Total Funding $25.2M )
1 Silverfin (2013, Ghent, $4.5M)
4Accounting Enablers > Data DigitizationCompanies offering software or service to digitize paper-based invoices.(Companies created 71 | Funded 23 | Total Funding $139M )
1 Commerce Sync (2005, Denver, $12.8M)
5Accounting Solutions > Taxation > Tax SoftwareCompanies offering software to calculate and file taxes online to businesses(Companies created 106 | Funded 17 | Total Funding $402M )
1 OnlinePajak (2013, Jakarta, $0)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
61
Top Markets of Early Stage InvestorsTop Markets where Early Stage Investors are investing in last 2 years (January 2016 - December 2017)
Finance & Accounting > Market Details > Top Markets of Early Stage Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Incubators UpWest Labs (#1), Speedinvest (#1)
Seed Boathouse Capital (#1), Piedmont Angel Network (#1)
Series A/B Fifth Third Bancorp (#1), Pivot Investment Partners (#1)
Series C+MasterCard (#1), Caisse de depot et placement du Quebec (#1)
Bottomline Technologies Feb - 1999
IPO'd on NASDAQ
$2.5M - Series FAvidXchange (2000, Charlotte, $560M)
$300M - Series FAvidXchange (2000, Charlotte, $560M)
$4.5M - Series ABeanworks (2012, Vancouver, $4.7M)
$2.3M - SeedStampli (2014, Givat Shmuel, $2.3M)
Series ACandis (2015, Berlin, $1.1M)
$18M - Series BAvidXchange (2000, Charlotte, $560M)
$10M - Series BNvoicepay (2009, Beaverton, $21.1M)
$14M - Series BTipalti (2010, Palo Alto, $27M)
$5M - Series ASourcery (2012, San Francisco, $7.5M)
$2.5M - SeedPaymentWorks (2013, Cambridge,
$2.5M)
$1.1M - SeedCandis (2015, Berlin, $1.1M)
Dec 2017CloudTrade Launches Cloud Capture to Manage the Long-tail, Financial IT
Dec 2017Mitie : and CloudTrade partner to deliver end-to-end invoice processing, 4-Traders
Dec 2017 Nvoicepay Names John Ewert Chief Financial Officer, PRWeb
Nov 2017iPayables Achieves Breakout Business Results in CY’17, WebWire
Nov 2017AvidXchange™ Announces Site Selection for Expanded Operations in Sandy, Utah to Support Fast-Paced Workforce Growth, PR Newswire
Nov 2017Charlotte-based AvidXchange Raises Another $2.5M, Citybizlist
Nov 2017SignUp Software signs deal with SK Global, technologyrecord.com
Nov 2017Bottomline Technologies, Inc. 2018 Q1 - Results - Earnings Call Slides, Seeking Alpha
Nov 2017AvidXchange Receives Top Software Company Award from the North Carolina Technology Association, PressReleasePoint
Oct 2017Fifth Third joins Mastercard B2B hub powered by AvidXchange, Finextra
Sep 2017Tipalti launches new solution to monitor fraud across accounts payable platforms, Mobyaffiliates
Sep 2017AvidXchange to Add More Than 200 Jobs in Utah, Financial Opportunities Network
Aug 2017Tipalti introduces touchless invoice data capture, Accounting Today
News
0
1
2
3
4
5
6
7
$0k
$50M
$100M
$150M
$200M
$250M
$300M
$350M
2014 2015 2016 2017 2018
YoY Funding Rounds
1
2
11
17
66
M&A/IPO
Series C+
Series A+
Funded
CompaniesCovered
Funding Funnel
Accounting Solutions > Invoice Management > Payables: Market Factsheet
Market: Payables
62
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies automating invoice management and payments on the buyer side
AvidXchange(2000, Charlotte, $560M)
Tipalti(2010, Palo Alto, $27M)
Nvoicepay(2009, Beaverton, $21.1M)
MineralTree(2010, Cambridge, $18.9M)
OpsTechnology(1999, San Francisco, $16M)
Top Companies
#1 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Payables
Companies Created 66 | Funded 17 | Total Funding $678M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201863
Accounting Solutions > Invoice Management > Payables: Top Companies
Market: PayablesFinance & Accounting > Market Details > Market: Payables
#1 Top Markets of Investment Activity
Analyst’s Pick
AvidXchange (2000, Charlotte, $560M)Accounts payable and payment automation solutionsUnicorn. Stage: Series F
MasterCard, Peter Thiel, Caisse de depot et placement du Quebec and 13 Other Investors
Tipalti (2010, Palo Alto, $27M)Automated online mass payment system and account payable platform. Minicorn. Stage: Series B
SGVC
InShip (2014, Dublin)Account payable automation software. Editor's Pick. Stage: Unfunded
POM (2015, Brussels)Mobile (Android & iOS) app for making invoice payments. Editor's Pick. Stage: Funded
Startupbootcamp
Analyst’s Pick
Storecove (2014, Amsterdam)Automatic supplier invoice collection software. Editor's Pick. Stage: Funded
Otterloo Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
64
Accounting Solutions > Invoice Management > Payables: Leaderboard
Market: PayablesFinance & Accounting > Market Details > Market: Payables
#1 Top Markets of Investment Activity
Better than Market Average
Overall Rating
Company Name
Founded Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App Rating
App UX
Web UX
NewsWeb
Traffic Rank
Social Follow
ing
Mobile Downloads
# App Revie
ws
Web Traffic Rank
Mobile Downloads
Social Following
Δ % Δ % Δ %
5.0 Rubberstamp 2014 Dublin Unfunded - - 4 - - - 652k 1.1k 31k 63 109k 20% 17 35% -84 -7%
4.9 Controlle 2009 Criciuma Unfunded - - 4 2 4 - 330k 28 3k 56 - - 21 60% 10 49%
4.8BottomlineTechnologies
1989 Portsmouth Public - - 4 - - 15 349k - 600 4 -117k -25% 1 33% - -
4.8 MCRIndia 2015 Bangalore Unfunded - - 4 - - - 6M - 30k 51 - - 4 7% - -
4.7 Anybill 2001Washington D.C.
Unfunded - - 4 - - - 1.2M 337 300 6 -484k -29% - - 2 1%
4.6 OpsTechnology 1999San Francisco
Acquired $16M - - - - - 384k 6.3k - - 39k 11% - - 373 6%
4.5 ReadSoft 1991Helsingborg
Acquired - - 4 - - - 10M 1.2k 750 36 - - - - - -
4.4 Yooz 2013 Coppell Unfunded - - - - 3 - - 394 - - - - - - - -
4.4 Pay2n 2011 Jonsered Unfunded - - 5 - - - - 66 300 13 - - - - - -
4.3 AvidXchange 2000 Charlotte Series F $560M - - - - 19 486k 1.8k - - -40k -8% - - 319 22%
4.2 Nvoicepay 2009 Beaverton Series B $21M - - - - 8 986k 5.9k - - -84k -8% - - 790 15%
4.1 Tipalti 2010 Palo Alto Series B $27M - - - - 6 85k 900 - - -22k -20% - - 55 6%
4.0 Sourcery 2012San Francisco
Series A $8M - - - - - 2.5M 814 - - 151k 6% - - 22 3%
4.0 billSync 2014New York City
Unfunded - - 2 - - - 10M 17 300 2 - - - - -3 -19%
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Incubators 500 Startups (#2), Primer (#1)
Seed Feddev Ontario (#1), OMERS Ventures (#1)
Series A/B Social Capital (#1), Charles River Ventures (#1)
Series C+ Battery Ventures (#1), National Australia Bank (#1)
Intacct Jul - 2017Acq by Sage Group for $850M
FreeAgent Nov - 2016IPO'd on LON
Class Super Dec - 2015IPO'd on ASX
MYOB Apr - 2015IPO'd on ASX
Sage Group Jun - 2013IPO'd on LON
Xero Aug - 2012IPO'd on ASX
Reckon Jul - 1999IPO'd
PESiigo (1988, Bogota)
$12M - Series AZeitgold (2015, Berlin, $16.5M)
$43M - Series BFreshBooks (2003, Toronto, $73M)
$3.2M - SeedShine (2017, Paris, $3.2M)
$24M - Series DWave Accounting (2009, Toronto,
$86.3M)
$20M - SeedNibo (2012, Rio De Janeiro, $20M)
Dec 2017LS telcom expands cooperation on LoRa software tools with Digita, RealWire
Dec 2017Wave files FCC complaint against Comcast over regional sports networks, Fierce Cable
Dec 2017MYOB, Reckon merger under scrutiny by NZ’s competition regulator, iTWire
Dec 2017Xero Removes the Desk Phone with Dialpad's Solution, PR Newswire
Dec 2017Sage Appoints Current President Blair Crump Executive Director, LSE Spreads
Dec 2017Sage Launches Cloud Payroll for Canadian SMBs Using Sage One, Technology-Signals
Dec 2017New Benchmarking Survey of Accountants and Bookkeepers Reveals Significant Revenue Opportunity in Advisory Services, GlobeNewswire
Dec 2017Plooto and Xero Announce Partnership to Provide Transparent Payment Process for Accounting Firms, 4-Traders
Dec 2017Intuit acquires time-tracking service TSheets for $340M, TechCrunch
Dec 2017 FreeAgent enjoys customer portal success, Insider
Dec 2017Pinnacle awarded exclusive spot at ‘Sage CEO Circle’ for a second year running, Sync NI
Nov 2017 Intuit hires 1K CPAs for on demand assistance, Seeking Alpha
Nov 2017 Intuit Inc. (INTU) Updates Q2 Earnings Guidance, TechKenyot
Nov 2017Software firm Sage sees faster growth after 10 percent profit rise, Reuters
News
0
2
4
6
8
10
12
$0k
$20M
$40M
$60M
$80M
$100M
$120M
$140M
2014 2015 2016 2017 2018
YoY Funding Rounds
8
8
18
44
378
M&A/IPO
Series C+
Series A+
Funded
CompaniesCovered
Funding Funnel
Accounting Solutions > Accounting Suite > SMB: Market Factsheet
Market: SMB
65
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies providing accounting suite software with the focus on SMBs
Intacct(1999, San Jose, $95.8M)
Wave Accounting(2009, Toronto, $86.3M)
FreshBooks(2003, Toronto, $73M)
Freee(2012, Minato, $54.8M)
Nibo(2012, Rio De Janeiro, $20M)
Top Companies
#2 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: SMB
Companies Created 378 | Funded 44 | Total Funding $399M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201866
Accounting Solutions > Accounting Suite > SMB: Top Companies
Market: SMBFinance & Accounting > Market Details > Market: SMB
#2 Top Markets of Investment Activity
Analyst’s Pick
Intacct (1999, San Jose, $95.8M)Cloud ERP, Financial management and Accounting ApplicationsSoonicorn. Stage: Acquired
Silicon Valley Bank, Battery Ventures, Bessemer Venture Partners and 9 Other Investors
Wave Accounting (2009, Toronto, $86.3M)SaaS Accounting for SMBs and personal finance management. Soonicorn. Stage: Series D
National Australia Bank, Royal Bank of Canada, Portag3 Ventures and 9 Other Investors
Freee (2012, Minato, $54.8M)Automated cloud accounting and payroll software. Soonicorn. Stage: Series C
SBI Investment, DCM Ventures, Recruit Holdings and 4 Other Investors
Bexio (2008, Rapperswil, $12.2M)Online business management software for SMBsMinicorn. Stage: Series B
Swisscom, Redalpine, Armada Investment
Analyst’s Pick
MYOB (1991, Glen Waverley)Business management solutions provider. Unicorn. Stage: Public
Bain Capital Private Equity, HarbourVest Partners
ContaAzul (2011, Joinville)SaaS accounting and invoicing solutions for SMBsEditor's Pick. Stage: Series C
Ribbit Capital, Tiger Global Management, 500 Startups and 3 Other Investors
TAS Software (1992, Newcastle Upon Tyne)Accounting solution for SMEsEditor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
67
Accounting Solutions > Accounting Suite > SMB: Leaderboard
Market: SMBFinance & Accounting > Market Details > Market: SMB
#2 Top Markets of Investment Activity
Better than Market Average
Overall Rating
Company Name
Founded Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App Rating
App UX
Web UX
NewsWeb
Traffic Rank
Social Follow
ing
Mobile Downloads
# App Revie
ws
Web Traffic Rank
Mobile Downloads
Social Following
Δ % Δ % Δ %
5.0 Clear Books 2008 London Seed $1M - 3 4 4 - 97k 30k 4k 44 19k 23% 1 2% - -
5.0 Bexio 2008 Rapperswil Series B $12M - 5 - - 2 85k 2.1k 3k 8 12k 16% 2 24% 116 6%
5.0 inFakt 2008 Krakow Series A $1M - 4 - - - 57k 489 30k 501 8k 15% 37 8% 17 3%
5.0 Sage Group 1997Newcastle Upon Tyne
Public - - 3 - 4 55 15k 13k 23k 169 -2k -7% 18 16% 2k 18%
4.9 FreshBooks 2003 Toronto Series B $73M - 4 - - 8 6k 31k 375k 3.6k 1k 5% 260 13% - -
4.9 Intuit 1983Mountain View
Public - - 4 - - 52 279 72k 20.3M234.6
k1k 13% 5.4k 6% 1k 1%
4.9 Nibo 2012Rio De Janeiro
Series A $20M - 4 - - 1 108k 301 3k 48 -62k -36% 9 30% 33 12%
4.9 Freee 2012 Minato Series C $55M - 4 - - - 7k 6.5k 303k 455 2k 18% 42 10% -89 -1%
4.9Wave Accounting
2009 Toronto Series D $86M - 4 - - 14 6k 11 600k 10.3k -1k -10% 1.7k 23% - -
4.9 Jobis 2015 Gangnam Series A $2M - 4 3 2 2 373k - 9k 68 -20k -6% 12 21% - -
4.9 SnelStart 1982 Amsterdam Unfunded - - 4 - 4 - 797k 2.6k 8k 23 187k 30% 18 322% 182 8%
4.9 Spiderg 2015 Pune Seed - - 5 - - 3 6.6M 216 3k 35 5M 161% 9 30% - -
4.8 Alegra 2012 Istanbul Unfunded - - 5 - - - 88k 1.1k 30k 726 -20k -19% 273 61% 65 6%
4.8 Colppy 2010Buenos Aires
Funded - - 4 - - - 958k 3.3k 750 9 43k 5% 1 11% 621 23%
4.8 Anfix 2010 Valladolid Unfunded - - 2 4 4 - 113k 3.5k 750 29 -32k -22% 1 - 21 1%
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Incubators 500 Startups (#1), Jumpstart (#1)
Seed Y Combinator (#4), FundersClub (#3)
Series A/B Accel Partners (#2), Redpoint Ventures (#2)
Series C+ Polaris Partners (#1)
Certify Jun - 2017Acq by K1 Investment Management for $100M
Concur Dec - 2014Acq by SAP for $8.3B
$23.7M - Series BMobileXpense (2001, Brussels,
$23.7M)
$13M - Series AAppZen (2012, Sunnyvale, $17.5M)
$1M - Series AApptricity (1999, Irving, $1M)
$120k - SeedIQBoxy (2013, Mountain View, $120k)
$25M - Series BTravelBank (2015, San Francisco,
$35M)
$1.1M - SeedExpensya (2014, Paris, $1.1M)
$600k - SeedAccrualify (2015, San Mateo, $600k)
$4M - SeedPlate IQ (2014, San Francisco, $4.8M)
SeedFinly (2016, Bangalore)
$400k - SeedFyle (2016, Bangalore, $400k)
Jan 2018SAP Concur Brings Continued Innovation and Connected Experiences to Global Customers, PR Newswire
Dec 2017KDS : Awarded Silver Accreditation by “Investors in People”, 4-Traders
Dec 2017 Fortino invests €20m in MobileXpense, Real Deals
Dec 2017SutiHR Gets Updated with Affordable Care Act Reports, Hiring Features, and More, Technology-Signals
Dec 2017GoCatch Integrates Business Solutions with Concur to Deliver Seamless Travel Expensing, Medianet
Nov 2017Concur Automates eReceipt Data Capture Via WeChat In China, FinTechnewsToday
Nov 2017 New Features Make SutiDesk More Intuitive , PRWeb
Nov 2017Latest vManager Mobile App Provides Enterprise-Wide Visibility for IT Leaders On the Go, GlobeNewswire
Nov 2017Deem Partners with Apptricity Expense Tool, Business Travel News
Nov 2017Wells Fargo Signs Two Data Exchange Deals with Expensify, PointServ, Business Wire
Oct 2017Diageo India Partners With Concur to Simplify, Streamline and Reduce Travel and Expense Management, Finalaya
Oct 2017Edge Investments backs online TV rights licensing platform TRX, Private Equity Wire
Oct 2017 Convercent Joins Concur App Center, Marketwired
Sep 2017Certify adds services for large companies, while Concur targets the small, Tnooz
News
0
5
10
15
20
$0k
$10M
$20M
$30M
$40M
$50M
$60M
$70M
$80M
2014 2015 2016 2017 2018
YoY Funding Rounds
3
5
16
52
179
M&A/IPO
Series C+
Series A+
Funded
CompaniesCovered
Funding Funnel
Accounting Solutions > Expense Management > Expense Tracking Software: Market Factsheet
Market: Expense Tracking Software
68
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies offering software for tracking and reporting employee's expenses
TravelBank(2015, San Francisco, $35M)
Expensify(2008, San Francisco, $27.8M)
MobileXpense(2001, Brussels, $23.7M)
AppZen(2012, Sunnyvale, $17.5M)
Nexonia(2002, Toronto, $14.2M)
Top Companies
#3 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Expense Tracking Software
Companies Created 179 | Funded 52 | Total Funding $182M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201869
Accounting Solutions > Expense Management > Expense Tracking Software: Top Companies
Market: Expense Tracking SoftwareFinance & Accounting > Market Details > Market: Expense Tracking Software
#3 Top Markets of Investment Activity
Analyst’s Pick
TravelBank (2015, San Francisco, $35M)Cloud-based expense management Android and iOS app for SMBsMinicorn. Stage: Series B
DCM Ventures, Propel Venture Partners, New Enterprise Associates and 3 Other Investors
Expensify (2008, San Francisco, $27.8M)Expense Report SoftwareEditor's Pick. Stage: Series B
OpenView, CoyoteRidgeVC, Barracuda and 5 Other Investors
AppZen (2012, Sunnyvale, $17.5M)Personal Assistant for Expense ManagementEditor's Pick. Stage: Series A
Redpoint Ventures, Resolute Ventures, Bloomberg Beta and 6 Other Investors
Nexonia (2002, Toronto, $14.2M)Software provider for accounting modules like expenses, accounts payable. Minicorn. Stage: Series B
Analyst’s Pick
Xpenditure (2011, Mechelen, $8.7M)Expense Management SoftwareMinicorn. Stage: Series A
Abacus (2013, New York City, $3.5M)Employee Expense Reporting ApplicationEditor's Pick. Stage: Seed
Homebrew, Sherpalo Ventures, GV and 13 Other Investors
Concur (1993, Bellevue)End-to-end travel expense managementUnicorn. Stage: Acquired
American Express, IVP, Redpoint Ventures and 6 Other Investors
RitExpense (2015, Atlanta)Cloud-based expense reporting and management solution. Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
70
Accounting Solutions > Expense Management > Expense Tracking Software: Leaderboard
Market: Expense Tracking SoftwareFinance & Accounting > Market Details > Market: Expense Tracking Software
#3 Top Markets of Investment Activity
Better than Market Average
Overall Rating
Company Name
Founded Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App Rating
App UX
Web UX
NewsWeb
Traffic Rank
Social Follow
ing
Mobile Downloads
# App Revie
ws
Web Traffic Rank
Mobile Downloads
Social Following
Δ % Δ % Δ %
5.0 Concur 1993 Bellevue Acquired - - 4 4 3 35 29k 23k 3.1M 93k 3k 8% 3.1k 7% 1k 5%
5.0 Everlance 2015San Francisco
Seed $250K - 5 - - - 175k 260 300k 6k - - 1.7k 54% 31 13%
4.9 Expensya 2014 Paris Seed $1M - 5 - - 1 1.7M 412 30k 206 946k 135% 51 40% 53 14%
4.9 Fyle 2016 Bangalore Seed $400K 4 4 - 4 1 673k 149 3k 34 67k 11% 16 88% 115 141%
4.9 IQBoxy 2013Mountain View
Seed $120K - 5 - - - 1.2M 174 30k 621 - - 38 79% 72 59%
4.9 Certify 2008 Portland Acquired $2M - 4 - - 7 61k 1.3k 75k 785 -10k -13% 59 16% 30 2%
4.8 Jojonomic 2015 Jakarta Seed $2M - 4 - - - 1.1M 1.7k 11k 185 -588k -35% 100 143% 8 -
4.8 Shoeboxed 2007 Durham Seed $2M - 4 - - 2 251k 8.5k 75k 4.8k 11k 4% 1 - 3 -
4.8 SPENT 2014 Oulu Unfunded - - 4 5 4 1 527k 3.9k 78k 409 - - 87 27% 1.9k 75%
4.7 Expensify 2008San Francisco
Series B $28M - 4 - - 19 11k 12k 3M 12.8k -1k -8% 392 4% - -
4.7 Abacus 2013New York City
Seed $4M - 4 - - 5 164k 1.5k 8k 64 2k 1% 1 1% 120 9%
4.7 Xpenditure 2011 Mechelen Series A $9M - 4 - - - 153k 1.6k 75k 369 -8k -5% 44 17% 70 5%
4.6 Nexonia 2002 Toronto Series B $14M - 4 - - - 63k 1.1k 38k 1.3k -4k -5% 12 6% 21 2%
4.6 Quipu 2013 Barcelona Seed $385K - 4 - - - 78k 2.1k 3k 31 6k 8% 4 18% 28 1%
4.6 Hurdlr 2012Washington D.C.
Unfunded - - 5 - - 1 534k 981 333k 2.9k - - 720 41% 86 9%
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Treasury Management
71
#4 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Treasury Management
Companies Created 62 | Funded 20 | Total Funding $267M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201872
Market: Treasury ManagementFinance & Accounting > Market Details > Market: Treasury Management
#4 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201873
Market: Treasury ManagementFinance & Accounting > Market Details > Market: Treasury Management
#4 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Payables & Receivables
74
#5 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Payables & Receivables
Companies Created 117 | Funded 22 | Total Funding $457M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201875
Market: Payables & ReceivablesFinance & Accounting > Market Details > Market: Payables & Receivables
#5 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201876
Market: Payables & ReceivablesFinance & Accounting > Market Details > Market: Payables & Receivables
#5 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Suite
77
#6 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Suite
Companies Created 70 | Funded 24 | Total Funding $844M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201878
Market: SuiteFinance & Accounting > Market Details > Market: Suite
#6 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201879
Market: SuiteFinance & Accounting > Market Details > Market: Suite
#6 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Collections
80
#7 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Collections
Companies Created 180 | Funded 43 | Total Funding $318M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201881
Market: CollectionsFinance & Accounting > Market Details > Market: Collections
#7 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201882
Market: CollectionsFinance & Accounting > Market Details > Market: Collections
#7 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Procure-to-pay
83
#8 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Procure-to-pay
Companies Created 60 | Funded 24 | Total Funding $867M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201884
Market: Procure-to-payFinance & Accounting > Market Details > Market: Procure-to-pay
#8 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201885
Market: Procure-to-payFinance & Accounting > Market Details > Market: Procure-to-pay
#8 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Payroll Software
86
#9 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Payroll Software
Companies Created 98 | Funded 18 | Total Funding $384M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201887
Market: Payroll SoftwareFinance & Accounting > Market Details > Market: Payroll Software
#9 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201888
Market: Payroll SoftwareFinance & Accounting > Market Details > Market: Payroll Software
#9 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Data Digitization
89
#10 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Data Digitization
Companies Created 71 | Funded 23 | Total Funding $139M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201890
Market: Data DigitizationFinance & Accounting > Market Details > Market: Data Digitization
#10 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201891
Market: Data DigitizationFinance & Accounting > Market Details > Market: Data Digitization
#10 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Quote-to-cash
92
#11 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Quote-to-cash
Companies Created 33 | Funded 14 | Total Funding $986M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201893
Market: Quote-to-cashFinance & Accounting > Market Details > Market: Quote-to-cash
#11 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201894
Market: Quote-to-cashFinance & Accounting > Market Details > Market: Quote-to-cash
#11 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Budgeting & Forecasting
95
#12 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Budgeting & Forecasting
Companies Created 103 | Funded 30 | Total Funding $57.3M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201896
Market: Budgeting & ForecastingFinance & Accounting > Market Details > Market: Budgeting & Forecasting
#12 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201897
Market: Budgeting & ForecastingFinance & Accounting > Market Details > Market: Budgeting & Forecasting
#12 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Subscription Billing
98
#13 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Subscription Billing
Companies Created 108 | Funded 32 | Total Funding $150M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 201899
Market: Subscription BillingFinance & Accounting > Market Details > Market: Subscription Billing
#13 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018100
Market: Subscription BillingFinance & Accounting > Market Details > Market: Subscription Billing
#13 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Expense Cards
101
#14 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Expense Cards
Companies Created 34 | Funded 13 | Total Funding $486M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018102
Market: Expense CardsFinance & Accounting > Market Details > Market: Expense Cards
#14 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018103
Market: Expense CardsFinance & Accounting > Market Details > Market: Expense Cards
#14 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Receivables
104
#15 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Receivables
Companies Created 198 | Funded 26 | Total Funding $292M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018105
Market: ReceivablesFinance & Accounting > Market Details > Market: Receivables
#15 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018106
Market: ReceivablesFinance & Accounting > Market Details > Market: Receivables
#15 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Tax Software
107
#16 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Tax Software
Companies Created 106 | Funded 17 | Total Funding $402M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018108
Market: Tax SoftwareFinance & Accounting > Market Details > Market: Tax Software
#16 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018109
Market: Tax SoftwareFinance & Accounting > Market Details > Market: Tax Software
#16 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Cap Table Management
110
#17 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Cap Table Management
Companies Created 21 | Funded 10 | Total Funding $81.9M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018111
Market: Cap Table ManagementFinance & Accounting > Market Details > Market: Cap Table Management
#17 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Business Intelligence
112
#18 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Business Intelligence
Companies Created 70 | Funded 18 | Total Funding $48.8M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018113
Market: Business IntelligenceFinance & Accounting > Market Details > Market: Business Intelligence
#18 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018114
Market: Business IntelligenceFinance & Accounting > Market Details > Market: Business Intelligence
#18 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Bookkeeping
115
#19 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Bookkeeping
Companies Created 85 | Funded 17 | Total Funding $27.9M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018116
Market: BookkeepingFinance & Accounting > Market Details > Market: Bookkeeping
#19 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018117
Market: BookkeepingFinance & Accounting > Market Details > Market: Bookkeeping
#19 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Tech-enabled Services
118
#20 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Tech-enabled Services
Companies Created 34 | Funded 19 | Total Funding $61M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018119
Market: Tech-enabled ServicesFinance & Accounting > Market Details > Market: Tech-enabled Services
#20 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018120
Market: Tech-enabled ServicesFinance & Accounting > Market Details > Market: Tech-enabled Services
#20 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Account Reconciliation
121
#21 Top Markets of Investment Activity
Finance & Accounting > Market Details > Market: Account Reconciliation
Companies Created 24 | Funded 9 | Total Funding $259M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018122
Market: Account ReconciliationFinance & Accounting > Market Details > Market: Account Reconciliation
#21 Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018123
Market: Account ReconciliationFinance & Accounting > Market Details > Market: Account Reconciliation
#21 Top Markets of Investment Activity
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Market: Collaboration Software
124
#3 Top Markets of Early Stage Investors
Finance & Accounting > Market Details > Market: Collaboration Software
Companies Created 23 | Funded 5 | Total Funding $25.2M
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018125
Market: Collaboration SoftwareFinance & Accounting > Market Details > Market: Collaboration Software
#3 Top Markets of Early Stage Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018126
Market: Collaboration SoftwareFinance & Accounting > Market Details > Market: Collaboration Software
#3 Top Markets of Early Stage Investors
Better than Market Average
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
127
Notable Acquisitions
Top Acquirers
Acqui-hires
Some more Sector Reports you might want to check out
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Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Recently IPO’d Companies (1/4)
129
Performance indicators of recently public companies in Finance & Accounting
IPO Date CompanyCurrent
MCapIPO
McapRevenue P/E
ExchangeTicker
Oct 2017IRIS (2000, Vashi)
Cloud based XBRL solutions$9.2M $9.2M $3.7M BOM:540735
Nov 2016FreeAgent (2007, Edinburgh)
SaaS Finance Management for SMB$544k $42.5M $10M FREE
Oct 2016BlackLine (2001, Woodland Hills)
Account reconciliation software$1.8B $839M $123M NASDAQ:BL
Oct 2016Coupa (2006, San Mateo)
Cloud spend management software.$1.7B COUP
Mar 2016Cerillion Skyline (1999, London)
Subscription billing, charging and CRM solution provider.$832k 21.78 CER
Dec 2015Class Super (2009, Sydney)
Cloud-based software solutions for wealth accounting.$256M $84.1M $22.4k 41.51 ASX:CL1
Apr 2015MYOB (1991, Glen Waverley)
Business management solutions provider.$1.7B $285 38.33 ASX:MYO
Dec 2014Workiva (2008, Ames)
Compliance and management reporting platform$891M $553M $179M NYSE:WK
Aug 20148common (2014, Sydney)
Suite of enterprise software$1.4M $12.6M $3.1M ASX:8CO
Mar 2014PromikBook (2010, Gothenburg)
Billing and bookkeeping software provider.$4.9B 18 PB
Finance & Accounting > Exit Outlook > Recently IPO’d Companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Recently IPO’d Companies (2/4)
130
Performance indicators of recently public companies in Finance & Accounting
IPO Date CompanyCurrent
MCapIPO
McapRevenue P/E
ExchangeTicker
Jun 2013Sinosoft (1998, Nanjing)
Export tax software and related solutions provider.$349M 11.43 1297
Jun 2013Sage Group (1997, Newcastle Upon Tyne)
Accounting, HR and ERP solutions for SMEs$144M $2B 33.39 LON:SGE
Mar 2013Model N (1999, Redwood City)
Cloud based revenue management solution for life science and hi-tech industry
$466M $343M $107M NYSE:MODN
Oct 2012Workday (2005, Pleasanton)
Human Resources and Financial Management Suite$4.5B $4.5B $1.6B NYSE:WDAY
Aug 2012Xero (2006, Wellington)
Online Accounting Software for SMBs$226M ASX:XRO
Aug 2010Esker (1985, Lyon)
Document automation & order management software$334M 44.18 ALESK
Jun 2008VersaPay (2006, Vancouver)
Cloud based B2B accounts receivable solution provider$61.8M $1.1M CVE:VPY
Jun 2006Proactis (1996, Wetherby)
Spend control and e procurement solution provider$2.6M $284M $25.5M LON:PHD
Jul 2005Sidetrade (2000, Boulogne)
Account Receivable automation$111M 51.46
EURONEXT:ALBFR
Finance & Accounting > Exit Outlook > Recently IPO’d Companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Recently IPO’d Companies (3/4)
131
Performance indicators of recently public companies in Finance & Accounting
IPO Date CompanyCurrent
MCapIPO
McapRevenue P/E
ExchangeTicker
Feb 2005Wright Express (1983, South Portland)
Financial and information management solutions$6.1B 70.87 WEX
Jul 2004Blackbaud (1981, Charleston)
Non-profit software provider$4.6B $340M $731M 86.13 NASDAQ:BLKB
Jul 1999Reckon (1987, Sydney)
Web-based accounting and bookkeeping software for SMBs and other users
$225M RKN
Feb 1999Bottomline Technologies (1989, Portsmouth)
Invoice, document automation solutions$1.4B $129M $349M NASDAQ:EPAY
Dec 1997Flexi (1991, Shelton)
Enterprise accounting software Solutions for financial services industry.
$179M $179M $6.8M NASDAQ:FLXI
Mar 1996PRGX (1970, Atlanta)
Accounts Payable recovery audit and advisory services provider.$158M $141M NASDAQ:PRGX
Mar 1993Intuit (1983, Mountain View)
business & financial mgmt. solutions$40.5B $5.2B 41.92 NASDAQ:INTU
Basware (1985, Espoo)
P2P and e-invoicing solutions$811M $156M HEL:BAS1V
Solium (1999, Calgary)
Cloud-based equity compensation administration software and services provider.
Finance & Accounting > Exit Outlook > Recently IPO’d Companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Recently IPO’d Companies (4/4)
132
Performance indicators of recently public companies in Finance & Accounting
IPO Date CompanyCurrent
MCapIPO
McapRevenue P/E
ExchangeTicker
Direct Insite (1987, Lauderdale)
Cloud based accounts payable and receivable management software provider.
US Dataworks (1997, Sugar Land)
Multi-channel payment processing & clearing solutions
Tungsten Network (2000, London)
e-invoicing, invoice financing and analytics company
Heeros (2000, Helsinki)
Cloud-based tool for financial information management$7M HEL:HEEROS
BizXpert (1989, Budapest)
Cloud-based invoicing solution for Windows.
The Mint Corporation (2009, Dubai)
Gateway, POS and prepaid payroll card services
Finance & Accounting > Exit Outlook > Recently IPO’d Companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Notable Acquisitions (1/4)
133
Notable Acquisitions in Finance & Accounting
Finance & Accounting > Exit Outlook > Notable Acquisitions
2017
Acquirer: Intuit Deal: $340MTSheets (2006, Boise, $15M)Time Tracking Software
Acquirer: Sage Group Deal: $850MIntacct (1999, San Jose, $95.8M)Cloud ERP, Financial management and Accounting Applications
Acquirer: Proactis Deal: $133MPerfect Commerce (1994, Newport News, $30M)Procure-to-Pay Automation
Acquirer: K1 Investment ManagementDeal: $100M
Certify (2008, Portland, $2.2M)Travel & Expense Management Software
Acquirer: Ebix Deal: $120MItzCash (2006, Mumbai, $52.6M)Provider of prepaid payment cards
2017
Acquirer: Wolters Kluwer Deal: $318MTagetik (1986, Lucca)Corporate Performance Management
2016
Acquirer: ION GroupReval (1999, New York City, $28M)Accounting and Risk Management Software
Acquirer: AmdocsVindicia (2003, Redwood City, $41M)SaaS subscription and recurring billing
Acquirer: Wright Express Deal: $1.1BElectronic Funds Source (1996, Ogden)Corporate and Fleet Expense solutions
Acquirer: RealPageNWP Services Corp. (1995, Costa Mesa, $20M)Provider of utility management, resident and property operation services that enable multi-housing properties.
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Notable Acquisitions (2/4)
134
Notable Acquisitions in Finance & Accounting
Finance & Accounting > Exit Outlook > Notable Acquisitions
2015
Acquirer: Salesforce Deal: $360MSteelBrick (2002, Palo Alto, $77.5M)SaaS based CPQ for SalesForce.com users
Acquirer: Fidelity Information ServicesDeal: $9.1B
SunGard (1982, Wayne)Enterprise Software
Acquirer: Permira investmentDeal: $681M
GFKL (1992, Essen)Receivables' collections service provider.
Acquirer: Freelancer Deal: $8MEscrow.com (1999, Rancho Santa Margarita, $30M)Licensed escrow service provider.
Acquirer: LongviewArcplan (1993, Wayne, $34M)Corporate Performance Management
2015
Acquirer: Thoma BravoPowerPlan (1994, Atlanta, $110M)Asset accounting, tax and budgeting solutions
2014
Acquirer: SAP Deal: $8.3BConcur (1993, Bellevue)End-to-end travel expense management
Acquirer: Siris Capital Deal: $840MDigital River (1994, Minnetonka)Global commerce, marketing and payments solutions provider.
Acquirer: EricssonMetraTech (1998, Waltham, $37.5M)Agreements-based billing and settlement solutions provider.
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Notable Acquisitions (3/4)
135
Notable Acquisitions in Finance & Accounting
Finance & Accounting > Exit Outlook > Notable Acquisitions
2013
Acquirer: Tungsten Network Deal: $149MOB10 (2000, London, $10.1M)B2B eInvoicing, invoice financing and analytics firm.
Acquirer: SAPHybris (1997, Zug, $30M)Enterprise multichannel e-commerce and product content management software
Acquirer: Myob Deal: $136MMYOB BankLink (1986, Auckland)Provider of software for automatically providing financial transaction data from banks.
Acquirer: GT NexusTradeCard (1999, New York City, $133M)Cloud based Supplier collaboration and enabler of Sourcing transactions
2012
Acquirer: SAP Deal: $4.3BAriba (1996, Sunnyvale)e-Procurement, invoicing, and B2B collaboration software
2010
Acquirer: Paychex Deal: $115MSurePayroll (2000, Glenview)Online Payroll Service for SMBs
Acquirer: Jack Henry Deal: $300MIPay Technologies (2001, Elizabethtown)Online bill pay service
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Notable Acquisitions (4/4)
136
Notable Acquisitions in Finance & Accounting
Finance & Accounting > Exit Outlook > Notable Acquisitions
2009
Acquirer: Intuit Deal: $170MPayCycle (1999, Palo Alto, $28M)Online Payroll service provider.
Acquirer: GenpactAvolent (1995, San Francisco, $49M)Self-service eBilling and eSettlement software provider.
Before 2008
Acquirer: Thomson ReutersLiquid Engines (2001, New York City, $30.5M)Corporate Tax Software Provider
Acquirer: Intuit Deal: $131MElectronic Clearing House (1981, Camarillo)End-to-end payment processing solutions.
Acquirer: Cognos Deal: $339MApplix (1983, Westborough)Business performance management solution
Acquirer: American ExpressHarbor Payments (2000, Atlanta, $40M)B2B invoice payments
Acquirer: Checkfree NorcrossDeal: $250M
BlueGill Technologies (1996, Brookfield)Electronic billing and payment solution
Acquirer: Ticonderoga Private EquityFastSpring (2005, Santa Barbara)Digital e-commerce payment, merchandising and fulfillment solution
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Most Active Acquirers
137
Finance & Accounting > Exit Outlook > Most Active Acquirers
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Date Target
Aug-16Gallium Technologies Acq by Ansonia Credit Data
Jul-16 Prevero Acq by Unit4
Jun-16 DisclosureNet Acq by Certent
Jun-16 Preferred Return Acq by Gust
Jun-16 Gust Equity Management Acq by Gust
Jun-16 e-conomic Acq by TeamSystem
Jun-16Invoiceware International Acq by Sovos Compliance
Jun-16 WolfePak Acq by Fort Point Capital
Apr-16 Bill & Pay Acq by i3 Verticals
Apr-16 Sproom Acq by Visma
Apr-16 Altus Acq by NewSpring Capital
Mar-16 Mentio Acq by Lendified
Mar-16Trust Kapital Group Acq by Sentica Partners
Mar-16 Armor Payments Acq by Payoneer
Acqui-hires (1/2)
138
List of Acqui-hires in Finance & Accounting
Excludes all details for Chinese companies
Date Target
Dec-17 Commercial Logic Acq by AbacusNext
Nov-17 Ariett Acq by AvidXchange
Nov-17 Adra Acq by Trintech
Oct-17 Exactor Acq by Intuit
Oct-17 Capshare Acq by Solium
Oct-17 Global Cash Card Acq by ADP
Aug-17 RevStream Acq by Microgen
Aug-17 Medius Acq by Marlin Equity Partners
Jul-17 MDSL Acq by Sumeru Equity Partners
Jul-17 Payable Acq by Stripe
Jun-17 MyEasyPay Acq by Payzone Ireland
Jun-17 Palladium Acq by Rectron
Jun-17 PACE Invoice Acq by Flywire
May-17 RevSym Acq by CallidusCloud
May-17 Dolphin Acq by Hanse Orga Group
Date Target
May-17 Leeyo Acq by Zuora
Apr-17 Finnav Acq by Asset Vantage
Apr-17 Abila Acq by Community Brands
Mar-17 Compass Acq by Sage Group
Mar-17 Davilex Acq by Visma
Mar-17 Invapay Acq by Optal
Mar-17 Hummingbill Acq by Kredx
Feb-17 Satago Acq by Oxygen Finance
Jan-17 PS Financials Acq by Iris Software
Dec-16 Dinero Acq by Visma
Oct-16 Bankstream Acq by Intuit Quickbooks
Sep-16 TransCentra Acq by SourceHOV
Sep-16 Runbook Acq by BlackLine
Aug-16Kds Acq by GBT Travel Services UK Limite
Finance & Accounting > Exit Outlook > Acqui-hires
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Date Target
Jan-15 rapid! PayCard Acq by UniRush
Dec-14 Acrede HR & Payroll Acq by Intuit
Dec-14 Finale Acq by Visma
Nov-14 Piracle Acq by AvidXchange
Nov-14 ReadSoft Acq by Lexmark
Nov-14 WorkingPoint Acq by Zipmark
Nov-14 Monchilla Acq by Xero
Oct-14 SpeedLedger Acq by e-conomic
Oct-14 Balance Financial Acq by TaxACT
Sep-14 Pesapoint Acq by Interswitch Group
Sep-14Fiduciaire de Distribution Internationale Acq by Webhelp
Jul-14 Xifin Acq by GTCR
Jul-14 KDK Softwares Acq by Intuit
Jul-14ProConfirm Acq by Capital Confirmation
Acqui-hires (2/2)
139
List of Acqui-hires in Finance & Accounting
Excludes all details for Chinese companies
Date Target
Mar-16 Policard Acq by Up Group
Mar-16 ExpenseWatch Acq by Nexonia
Feb-16 Billhighway Acq by BluePay
Feb-16 Nubox Acq by Riverwood Capital
Jan-16 Sovos Acq by HgCapital
Jan-16 Trimma Acq by Visma
Dec-15 Computron Software Acq by Aptean
Oct-15 CQS Technology Acq by Adapt IT
Sep-15 IMS Payroll Acq by MYOB
Sep-15 Beanstream Acq by Bambora
Sep-15Ontario Systems Acq by Arlington Capital Partners
Sep-15 Fatture in Cloud Acq by TeamSystem
Aug-15 Monexa Acq by NetSuite
Jul-15 ASYX Acq by ApexPeak
Date Target
Jul-15 TripScanner Acq by Coupa
Jul-15 InvoiceSmash Acq by Coupa
Jun-15Strongroom Solutions Acq by AvidXchange
Jun-15 VAT Applications Acq by Avalara
Jun-15 EZtax Acq by Avalara
Jun-15 Paydici Acq by North American Bancard
May-15 Basecone Acq by Wolters Kluwer
Apr-15 Springbrook Software Acq by Accela
Apr-15 ShipCompliant Acq by Sovos Compliance
Apr-15 Commerce Escrow Acq by Opus Bank
Mar-15 Second Decimal Acq by Ryan
Mar-15 Avalara MyLodgeTax Acq by Avalara
Jan-15 TermSync Acq by Esker
Jan-15 ZeroPaper Acq by Intuit
Finance & Accounting > Exit Outlook > Acqui-hires
View all 154 Acqui-hired companies on Tracxn Platform
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
140
Details on VC & PE Investors
Details on Top Ecosystem Players
Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Logistics TechNov 2017
RealEstate TechNov 2017
Local ServicesNov 2017
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018142
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Finance & Accounting > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Finance & Accounting; Last 5 years (Jan 2013 - Dec 2017)
Index of Most Active VC & PE Investors
SEED STAGE
Y Combinator (14 Investments)
Kima Ventures (4 Investments)
SixThirty (4 Investments)
Point Nine Capital (3 Investments)
Draper Associates (3 Investments)
Seedcamp (3 Investments)
Index Ventures (2 Investments)
DFJ (2 Investments)
General Catalyst Partners (2 Investments)
New Enterprise Associates (2 Investments)
Hyde Park Venture Partners (2 Investments)
Freestyle Capital (2 Investments)
Cultivation Capital (2 Investments)
Anthemis Group (2 Investments)
Blumberg Capital (2 Investments)
EARLY STAGE
Accel Partners (5 Investments)
Bain Capital Ventures (3 Investments)
Emergence Capital (3 Investments)
Insight Venture Partners (3 Investments)
Arbor Ventures (3 Investments)
Greycroft Partners (3 Investments)
Eight Roads Ventures (2 Investments)
Kennet Partners (2 Investments)
First Analysis (2 Investments)
Sequoia Capital (2 Investments)
Main Incubator (2 Investments)
Redalpine (2 Investments)
Mosaik Partners (2 Investments)
Service Provider Capital (2 Investments)
Kibo Ventures (2 Investments)
LATE STAGE
Meritech Capital Partners (3 Investments)
Bain Capital Ventures (2 Investments)
Northgate Capital (2 Investments)
Tiger Global Management (2 Investments)
Luminate Capital Partners (2 Investments)
Caisse de depot et placement du Quebec
Redpoint Ventures
Next World Capital
Battery Ventures
DFJ
Warburg Pincus
Sands Capital Ventures
Vulcan Capital
Bessemer Venture Partners
Tenaya Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Y Combinator
143
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Y Combinator
People
Investments
[Unicorn] Gusto (2011, San Francisco, $176M, Series C)Cloud-based HRMS and payroll management solution
[Soonicorn] GoCardless (2011, London, $47.5M, Series C)Online payments solutions for recurring payments
[Minicorn] Tesorio (2013, Philadelphia, $220k, Seed)An online platform for invoice factoring.
[Editor's Pick] Abacus (2013, New York City, $3.5M, Seed)Employee Expense Reporting Application
[Editor's Pick] PayTango (2012, Mountain View, $700k, Seed)Invoicing platform
Finance & Accounting Notable Portfolio
[Unicorn] Airbnb (2008, San Francisco, $3.4B, Series F)
Marketplace for vacation rental accommodations
[Unicorn] Instacart (2012, San Francisco, $932M, Series D)
Marketplace for same-day grocery delivery
[Unicorn] Dropbox (2007, San Francisco, $607M, Series C)
Cloud-based file sharing and synchronization software
[Unicorn] Zenefits (2013, San Francisco, $584M, Series C)
SaaS HR Platform for SMBs
[Unicorn] Stripe (2010, San Francisco, $473M, Series D)
Web & Mobile Payments for Developers
[Unicorn] Ginkgo Bioworks (2008, Boston, $429M, Series D)
Designs microbes to produce cultured ingredients
[Unicorn] MZ (Machine Zone) (2008, Palo Alto, $263M, Series B)
Mobile game developer
[Unicorn] Docker (2008, San Francisco, $243M, Series E)
LXC based OS-level virtualization technology and PaaS
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Michael SeibelCEO
Geographical Spread Stage of Entry
Dec 2017Gusto Restaurants Appoints Commercial Director To Drive Expansion, Lunch Business
Nov 2017GoCardless Tops Juniper Leaderboard for Fintech, BankNews
Nov 2017Gusto Appoints Head of Partner Development, Business Wire
Oct 2017Gusto has hired former DocuSign CFO Mike Dinsdale and has an unusual plan to 'train' him, Business Insider
Sep 2017Gusto Introduces First-of-Its-Kind Features and Product Plans to Bring Big Business Capabilities to Small Businesses, Technology Marketing Corporation
Sep 2017GoCardless, a fintech that makes recurring payments easy for subscription businesses, raises $22.5M, TechCrunch
Aug 2017GoCardless and Sage Partner to Open up Access to Direct Debit, Financial IT
Mar 2017Gusto receives £9m backing for expansion, Manchester Evening News
Feb 2017Gusto appoints new General Manager for West Bridgford launch, West Bridgford Wire
None
11
4 43
2
2013 2014 2015 2016 2017 2018
Follow On New Investments2
-
-
-
17
Undisclosed
Series C+
Series B
Series A
Seed18
1
-
-
-
US
Europe
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Kima Ventures
144
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Kima Ventures
People
Investments
[Unicorn] Docker (2008, San Francisco, $243M, Series E)
LXC based OS-level virtualization technology and PaaS
[Soonicorn] BlueVine (2013, Redwood City, $113M, Series D)
Online invoice factoring company
[Soonicorn] Formlabs (2011, Somerville, $55.8M, Series B)
High-resolution desktop 3D printing
[Soonicorn] PRÊT D'UNION (2009, Issy-les-moulineaux, $52.4M,
Series D)Online platform for P2P lending.
[Soonicorn] Zooz (2010, Tel Aviv, $40.5M, Series C)
Technology payment platform with smart routing facility
[Soonicorn] Wibbitz (2011, Tel Aviv, $30.8M, Series C)
Converts text into videos
[Soonicorn] Lengow (2009, Nantes, $13.3M, Series B)
Marketing and catalog management solution
[Minicorn] iAdvize (2010, Nantes, $56M, Series C)
Customer Engagement Platform
[Minicorn] Tulip (2013, Toronto, $42.4M, Series B)
Tablet based solution for next gen retail
[Minicorn] Rebagg (2014, New York City, $28.3M, Series B)
Reseller of high end designer handbags
[Minicorn] Navdy (2013, San Francisco, $26.5M, Series A)
Voice controllable heads-up display for cars
[Minicorn] AB Tasty (2011, Paris, $23.9M, Series B)
AB Testing SaaS Solution for Marketing Teams.
[Minicorn] Verve (2010, London, $18.5M, Series B)
Peer-to-Peer event promotion software
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Jeremie BerrebiCo-Founder
Xavier NielCo-Founder
Geographical Spread Stage of Entry
Oct 2017Fintech Startup eShares Secures $39.1 Million, NewsCenter
Sep 2017AccessPay and Assembly Payments win SWIFT global fintech competition in Singapore, E27
Jul 2017French fintech startup Shine completes a €2.8 million financing round, Tech.eu
Jul 2017 Accel leads Series B round for PayFit, PE Hub
Apr 2017Fintech startup Assembly Payments sets up Melbourne headquarters as it takes on $26 trillion global opportunity, SmartCompany
Feb 2017Alan and PayFit hook up so that your health insurance and payroll work together, TechCrunch
Jan 2017Spendesk grabs $2.2 million for its next-gen corporate cards, TechCrunch
None
2
1
2
2013 2014 2015 2016 2017 2018
Follow On New Investments3
-
-
1
4
Undisclosed
Series C+
Series B
Series A
Seed4
3
1
-
-
Europe
US
Australia
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
SixThirty
145
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > SixThirty
Investments
[Minicorn] Ensygnia (2012, London, $6.6M, Series A)
QR-Code based mobile payment solution.
[Minicorn] FinLocker (2015, St. Louis, $3.6M, Seed)
Financial Data Platform to reduce loan origination time
[Minicorn] Hijro (2014, Lexington, $2.5M, Seed)
Software platform for cross-border B2B trade
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
Sep 2017AccessPay and Assembly Payments win SWIFT global fintech competition in Singapore, E27
Apr 2017Fintech startup Assembly Payments sets up Melbourne headquarters as it takes on $26 trillion global opportunity, SmartCompany
Dec 2016Five FinTech startups you should meet before they go big, Fintech Roundup
Jun 2016Australia’s PromisePay, a payment platform for online marketplaces, raises $10M, TechCrunch
Jun 2015PromisePay Raises $2M to Help Online Marketplaces With Payment Processing, TechCrunch
None
2 2
2013 2014 2015 2016 2017 2018
Follow On New Investments1
-
-
-
4
Undisclosed
Series C+
Series B
Series A
Seed4
1
-
-
-
US
Australia
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Point Nine Capital
146
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Point Nine Capital
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Draper Associates
147
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Draper Associates
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Seedcamp
148
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Seedcamp
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index Ventures
149
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Index Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
DFJ
150
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > DFJ
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General Catalyst Partners
151
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > General Catalyst Partners
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New Enterprise Associates
152
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > New Enterprise Associates
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Hyde Park Venture Partners
153
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Hyde Park Venture Partners
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Freestyle Capital
154
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Freestyle Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Cultivation Capital
155
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Cultivation Capital
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Anthemis Group
156
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Anthemis Group
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Blumberg Capital
157
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Blumberg Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Accel Partners
158
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Accel Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Bain Capital Ventures
159
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Bain Capital Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Emergence Capital
160
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Emergence Capital
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Insight Venture Partners
161
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Insight Venture Partners
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Arbor Ventures
162
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Arbor Ventures
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Greycroft Partners
163
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Greycroft Partners
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Eight Roads Ventures
164
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Eight Roads Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Kennet Partners
165
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Kennet Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
First Analysis
166
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > First Analysis
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Sequoia Capital
167
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Sequoia Capital
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Redalpine
168
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Redalpine
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Mosaik Partners
169
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Mosaik Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Service Provider Capital
170
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Service Provider Capital
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Kibo Ventures
171
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Kibo Ventures
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Meritech Capital Partners
172
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Meritech Capital Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Bain Capital Ventures
173
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Bain Capital Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Northgate Capital
174
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Northgate Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Tiger Global Management
175
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Tiger Global Management
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Luminate Capital Partners
176
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Luminate Capital Partners
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Caisse de depot et placement du Quebec
177
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Caisse de depot et placement du Quebec
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Redpoint Ventures
178
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Redpoint Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Next World Capital
179
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Next World Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Battery Ventures
180
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Battery Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
DFJ
181
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > DFJ
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Warburg Pincus
182
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Warburg Pincus
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Sands Capital Ventures
183
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Sands Capital Ventures
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Vulcan Capital
184
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Vulcan Capital
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Bessemer Venture Partners
185
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Bessemer Venture Partners
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Tenaya Capital
186
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Tenaya Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018187
Finance & Accounting > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in Finance & Accounting; Q0 2013 - Q3 2017
Index of Ecosystem Investors
INCUBATOR
500 Startups (13 Investments)
Techstars (10 Investments)
Barclays Accelerator (3 Investments)
BlueChilli (3 Investments)
Boost VC (3 Investments)
Startup Sauna (3 Investments)
Jumpstart (2 Investments)
MEST (2 Investments)
Prime Venture Partners (2 Investments)
Speedinvest (2 Investments)
Acceleprise
Accelerator Centre
Alchemist Accelerator
AlphaLab
Amplify
OTHER NOTABLE INVESTORS
FundersClub (7 Investments)
BDC Capital (6 Investments)
Plug and Play Tech Center (6 Investments)
Salesforce (5 Investments)
Fifth Third Bancorp (4 Investments)
Ribbit Capital (4 Investments)
SaaS Capital (4 Investments)
Startupbootcamp (4 Investments)
Technology Crossover Ventures (4
Investments)
American Express (3 Investments)
Daher Capital (3 Investments)
HSBC Group (3 Investments)
Iconiq Capital (3 Investments)
Main Capital Partners (3 Investments)
Mainsail Partners (3 Investments)
DEBT INVESTORS
Silicon Valley Bank (6 Investments)
BEST Funds (2 Investments)
Crystal Financial
Finance Birmingham
Hercules Capital
Leader Ventures
MidCap Financial
PMV
Wellington Financial
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
500 Startups
188
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > 500 Startups
People
Investments
[Editor's Pick] AppZen (2012, Sunnyvale, $17.5M, Series A)Personal Assistant for Expense Management
[Editor's Pick] Spotdraft (2016, Gurgaon, $536k, Seed)Cloud-based AI-enabled contract creator and invoice sending platform.
[Editor's Pick] ContaAzul (2011, Joinville, Series C)SaaS accounting and invoicing solutions for SMBs
Finance & Accounting Notable Portfolio
[Unicorn] Grab (2012, Singapore, $1.4B, Series G)
Taxi Booking App
[Unicorn] Credit Karma (2007, San Francisco, $370M, Series D)
Aggregator of various consumer financial products.
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Soonicorn] Udemy (2010, San Francisco, $173M, Series D)
Marketplace for online courses
[Soonicorn] Smule (2008, San Francisco, $144M, Series F)
Developer of social music-making & sharing apps
[Soonicorn] Intercom (2011, San Francisco, $116M, Series D)
Customer communication and Retention Platform
[Soonicorn] Ipsy (2011, San Mateo, $107M, Series B)
Subscription for beauty products
[Soonicorn] Life360 (2008, San Francisco, $94.6M, Series C)
Mobile app that connects family members and close friends
[Soonicorn] VTS (2011, New York City, $87.8M, Series C)
Leasing and asset management software for brokers, investors & owners.
[Soonicorn] SendGrid (2009, Boulder, $80.5M, Public)
Email delivery and analytics
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Dave McClureFounder, Partner
Geographical Spread Stage of Entry
Dec 2017Adyen and Recurly Team Up to Help Subscription Businesses Expand Globally, PR Newswire
Nov 2017AppZen Secures $13M in Series A Funding from Redpoint Ventures to Transform Back Office Automation with Artificial Intelligence, Business Wire
Jul 2017 Recurly Announces Integration with Xero, PR Newswire
Mar 2017 AuditFile now integrates with Xero, Accounting Today
Feb 2017Recurly Announces Integration with QuickBooks Online, PR Newswire
Aug 2016The House Fund unveils Berkeley startup incubator and $2 million philanthropic round, VentureBeat
Jul 2016 BotBeat: This week’s top bot stories, VentureBeat
Jun 2016Talent Practices Of One Of The Bay Area's Hottest Companies, Forbes
May 2016How Jessica Mah Burned Through $1 Million in Funding and Restarted Everything From Scratch, Inc.
May 2016Why Almost 90 Percent of Startups Don't Know How to Handle Their Money, Inc.
Apr 2016How a No-Nonsense Mentor (and Disney World) Helped Save Jessica Mah's 'Doomed' Business, Inc.
None
1 1 1
2
2
2
2
2013 2014 2015 2016 2017 2018
Follow On New Investments3
-
-
4
10
Undisclosed
Series C+
Series B
Series A
Seed10
3
2
1
1
US
Latam
SEA
India
Europe
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Techstars
189
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Techstars
People
Investments
[Minicorn] B2B Pay (2015, Berlin, Funded)European B2B payment transfer services
Finance & Accounting Notable Portfolio
[Unicorn] Uber (2009, San Francisco, $12B, Series H)
Mobile app that connects passengers with vehicle drivers for hire
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Soonicorn] Remitly (2011, Seattle, $215M, Series D)
Cross-border money transfer using banking networks.
[Soonicorn] ClassPass (2011, New York City, $154M, Series C)
Membership programs for fitness classes across multiple gyms
[Soonicorn] DataRobot (2012, Boston, $125M, Series C)
Automated machine learning platform for data science applications
[Soonicorn] DigitalOcean (2011, New York City, $124M, Series
B)SSD cloud hosting
[Soonicorn] Placester (2008, Cambridge, $101M, Series D)
Real Estate Marketing platform
[Soonicorn] Sphero (2010, Boulder, $95.5M, Series D)
Smartphone controlled robotic gaming toy for kids
[Soonicorn] PillPack (2013, Boston, $93.9M, Series D)
Periodic delivery of Medications - Subscription based
[Soonicorn] SendGrid (2009, Boulder, $80.5M, Public)
Email delivery and analytics
[Soonicorn] Threat Stack (2012, Massachusetts, $72.2M, Series
C)Continuous monitoring & security of workloads running in AWS
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Brad FeldCo-Founder
David BrownCo-Founder and co-CEO
David CohenFounder and co-CEO
Geographical Spread Stage of Entry
Dec 2017ScaleFactor Expands Executive Team with SaaS Revenue Veteran, Business Wire
Nov 2017ScaleFactor Secures $2.5M in Seed Funding to Modernize Accounting for Small Businesses, Business Wire
Sep 2017YayPay Raises $5.3M In Funding On Its Quest To Turn Finance Teams Into Revenue Heroes, PR Newswire
Jul 2017Automated Accounting Company Bokio Raises €3.1m Series Seed Led by Creandum, ArcticStartup
May 2017Bench Partners with Stripe to Better Serve US Small Businesses, PRWeb
May 2017YayPay introduces cash flow forecasts for accounts receivable, TechCrunch
Feb 2017YayPay Uses AI to Revolutionize the Finance Back Office, PRWeb
Dec 2016Five FinTech startups you should meet before they go big, Fintech Roundup
Dec 2016YayPay wants to help big companies deal with accounts receivable, TechCrunch
Dec 2016level Accounts Receivable Automation Software, PR Newswire
None
12
12
1
3
2013 2014 2015 2016 2017 2018
Follow On New Investments3
-
-
-
8
Undisclosed
Series C+
Series B
Series A
Seed5
4
2
-
-
US
Europe
Canada
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Barclays Accelerator
190
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Barclays Accelerator
Investments
[Minicorn] PQ Solutions (2009, London, $11.6M, Series A)
Post quantum encryption based data and communication security
[Minicorn] Aire (2014, London, $8.4M, Series A)
Company offering credit scores to individuals using machine learning algorithms.
[Minicorn] Ravelin Technology (2014, London, $5.6M, Series
A)Machine learning based fraud prevention platform
[Minicorn] Everledger (2015, London, $120k, Seed)
Preventing diamond fraud and theft
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
Jan 2016Cashforce raises € 1 million from Volta Ventures & Michel Akkermans (ex-Clear2Pay), Cashforce
Jul 2015Cashforce part of Barclays Accelerator – Powered by Techstars 2015, Cashforce
Sep 2014Barclays Debut London Fintech Cohort Eyes Real Estate, Wider Access And Hardware, TechCrunch
None
1 1
2013 2014 2015 2016 2017 2018
Follow On New Investments-
-
-
-
3
Undisclosed
Series C+
Series B
Series A
Seed2
1
-
-
-
Europe
US
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Boost VC
191
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Boost VC
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Startup Sauna
192
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Startup Sauna
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Jumpstart
193
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Jumpstart
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Prime Venture Partners
194
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Prime Venture Partners
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Speedinvest
195
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Speedinvest
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Acceleprise
196
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Acceleprise
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Alchemist Accelerator
197
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Alchemist Accelerator
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Amplify
198
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Amplify
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FundersClub
199
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > FundersClub
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
BDC Capital
200
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > BDC Capital
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Plug and Play Tech Center
201
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Plug and Play Tech Center
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Salesforce
202
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Salesforce
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Fifth Third Bancorp
203
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Fifth Third Bancorp
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Ribbit Capital
204
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Ribbit Capital
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SaaS Capital
205
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > SaaS Capital
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Startupbootcamp
206
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Startupbootcamp
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Technology Crossover Ventures
207
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Technology Crossover Ventures
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American Express
208
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > American Express
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Daher Capital
209
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Daher Capital
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HSBC Group
210
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > HSBC Group
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Iconiq Capital
211
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Iconiq Capital
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Mainsail Partners
212
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Mainsail Partners
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Silicon Valley Bank
213
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Silicon Valley Bank
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
BEST Funds
214
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > BEST Funds
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Crystal Financial
215
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Crystal Financial
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Hercules Capital
216
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Hercules Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Leader Ventures
217
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Leader Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
PMV
218
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > PMV
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Wellington Financial
219
Portfolio in Finance & Accounting | Exits | Funds Link | Website | LinkedIn | Twitter
Finance & Accounting > Investors > Wellington Financial
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
220
Recent News
Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
MarketingTechDec 2017
Sales Force AutomationDec 2017
Consumer HealthTechDec 2017
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Recent News in Finance & Accounting Sector
Recent News (1/2)
222
Finance & Accounting > News > Recent News
Jan 2018Priority Software Expands Offering to Small Businesses, Acquires US-based Acclivity, PR Newswire
Jan 2018 Vertex Announces Salesforce Integrations, Business Wire
Jan 2018 Summit Partners Recaps Vista-backed Trintech, Citybizlist
Jan 2018Ryan Launches Exemption Certificate Management Outsourcing Service, PR Newswire
Jan 2018Kyriba Recognized as a Leader in IDC MarketScape for Worldwide Treasury and Risk Management Applications, Business Wire
Jan 2018Tradeshift Partners with Infosys to Help Clients Digitize Supply Chain Management, Finovate
Jan 2018HighRadius Welcomes 2018 with a New Website for Credit and Accounts Receivable Professionals in the United Kingdom, PRWeb
Jan 2018SAP Concur Brings Continued Innovation and Connected Experiences to Global Customers, PR Newswire
Dec 20172018 Payroll Software for Small Business Released by PayrollMate.com, DirectorsTalk Interviews
Dec 2017Phenom People Updates Status; is Now Workday Certified Solution Partner, Technology-Signals
Dec 2017 Rcom Deal To Bring Synergies For Jio's Biz: Morgan Stanley, btvi.in
Dec 2017Drillisch Reorganises Sales Structure of yourfone Brand, Sector Publishing Intelligence
Dec 2017Bill Requires New Federal Websites to be Mobile-friendly, Wireless Week
Key Recent News Key Recent News
Dec 2017Wolters Kluwer N.V.: Share Buyback Transaction Details December 21 - 27, 2017, GlobeNewswire
Dec 2017Glantus Limited Announces Strategic Partnership with Castleton Plc, ePRNews
Dec 2017IBSFintech wants $4 million in Series A, eyes South-East Asia, Middle East, Indiatimes
Dec 2017Solium Chairman Adopts Automatic Securities Disposition Plan, CNW
Dec 2017 Salarium to raise $20M via cryptocurrency sale, Inquirer
Dec 2017 Verizon Awards WEX A Three-year Fleet Card Contract, Trillions
Dec 2017 Simeno acquired by Silicon Valley company, Startupticker
Dec 2017KDS : Awarded Silver Accreditation by “Investors in People”, 4-Traders
Dec 2017Providence Equity-backed AbacusNext Acquires Commercial Logic, Citybizlist
Dec 2017LS telcom expands cooperation on LoRa software tools with Digita, RealWire
Dec 2017 Fortino invests €20m in MobileXpense, Real Deals
Dec 2017Wolters Kluwer N.V.: Share Buyback Transaction Details December 14 - 20, 2017, GlobeNewswire
Dec 2017 Tally launches Xcelerators for SMEs, Deccan Herald
Dec 2017 Ivalua Appoints Chief Financial Officer, Business Wire
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Recent News in Finance & Accounting Sector
Recent News (2/2)
223
Finance & Accounting > News > Recent News
Dec 2017Wave files FCC complaint against Comcast over regional sports networks, Fierce Cable
Dec 2017Basware Won 'Best and Brightest Companies to Work for in the Nation' Award, PR Newswire
Dec 2017Ryan Named to the 2017 ’FORTUNE’ Magazine Best Workplaces for Diversity List, PR Newswire
Dec 2017Adaptive Insights Surpasses $100M in Annualized Revenue as Cloud Planning Market Expands, PR Newswire
Dec 2017Invoice2go releases mPOS device in association with PayPal Here, Finextra
Dec 2017Apttus Appoints Raj Verma as Chief Operating Officer And Promotes Ben Allen to Chief Marketing, PR Newswire
Dec 2017AccuFund Introduces New User Interface in Latest Upgrade of the AccuFund Accounting Suite, PR Newswire
Dec 2017Certent Announces Technology Partnership with Resolver, PR Newswire
Dec 2017Wolters Kluwer’s CT Corporation Wins Bronze in Best in Biz Awards 2017, Business Wire
Dec 2017PowerPlan Announces Strategic Partnership with EAMS Group , GlobeNewswire
Dec 2017Radius Accepted as Participant in the EU-US Privacy Shield Framework, Business Wire
Dec 2017Bahrain Middle East Bank Chooses Wolters Kluwer's OneSumX for Finance, Business Wire
Key Recent News Key Recent News
Dec 2017Aria Systems Streamlines Payment Experience with PayPal, GlobeNewswire
Dec 2017 FloQast Relocates to Larger Office, San Fernando Valley Business Journal
Dec 2017Secretarial software firm makes three appointments in Suffolk, Business Weekly
Dec 2017Divido and Digital River Partner to Help Global Ecommerce Brands Increase Revenue through Retail Finance, Business Wire
Dec 2017SutiHR Gets Updated with Affordable Care Act Reports, Hiring Features, and More, Technology-Signals
Dec 2017E-filing services provider Eagle View launches site with tax resources, Accounting Today
Dec 2017BELLIN Branches Out into Global Transaction Banking Services, Bobsguide
Dec 2017GoCatch Integrates Business Solutions with Concur to Deliver Seamless Travel Expensing, Medianet
Dec 2017Adyen and Recurly Team Up to Help Subscription Businesses Expand Globally, PR Newswire
Dec 2017CloudTrade Launches Cloud Capture to Manage the Long-tail, Financial IT
Dec 2017Irish software firm Glantus joins forces with Castleton Technology, The Irish Times
Dec 2017Vena Introduces Industry-First Revenue Performance Management Software for Smarter Business, Revenue Growth, 4-Traders
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
224
Explore more on Tracxn Platform
Index of Top companies by Market
Funded Deadpooled Companies
Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Logistics TechNov 2017
RealEstate TechNov 2017
Local ServicesNov 2017
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Explore more on Tracxn Platform
226
Companies
Companies Covered
Unicorns
Public Companies
Acquired Companies
Funded Companies
Investment Trends
Recent Investments
Mega Investments
Investment Trend
Markets
BlueBox
Taxonomy
News
Key News
Recent News
Company Stage
Angel Funded
Seed Funded
Early Stage (Series A/B)
Late Stage (Series C+)
Acqui-hires
DeadPooled
Investors Acquirers
Unicorn Investors
Most Active Investors
Most Active VC &PE Investors
Portfolio of Top Investor
Most Active Acquirer
Finance & Accounting > Appendix > Explore Sector on Tracxn Platform
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (1/22)
227
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Accounting Suite
Workday (2005, Pleasanton, $267M)Human Resources and Financial Management SuiteIPO Date Oct 2012 Mcap $4.5BIPO Mcap $4.5BNYSE WDAY P/E -
FinancialForce (2009, San Francisco, $194M)Cloud ERP solutions providerSoonicorn. Stage: Series D
Technology Crossover Ventures, Salesforce, Advent International and 1 Other Investors
PowerPlan (1994, Atlanta, $110M)Asset accounting, tax and budgeting solutionsStage: Acquired
TPG, JMI Management, FS Investors and 1 Other Investors
Accounting Suite
Intacct (1999, San Jose, $95.8M)Cloud ERP, Financial management and Accounting ApplicationsSoonicorn. Stage: Acquired
Silicon Valley Bank, Battery Ventures, Bessemer Venture Partners and 9 Other Investors
Wave Accounting (2009, Toronto, $86.3M)SaaS Accounting for SMBs and personal finance management.Soonicorn. Stage: Series D
National Australia Bank, Royal Bank of Canada, Portag3 Ventures and 9 Other Investors
Freee (2012, Minato, $54.8M)Automated cloud accounting and payroll software.Soonicorn. Stage: Series C
SBI Investment, DCM Ventures, Recruit Holdings and 4 Other Investors
Accounting Suite
Bexio (2008, Rapperswil, $12.2M)Online business management software for SMBsMinicorn. Stage: Series B
Swisscom, Redalpine, Armada Investment
Aplos (2009, Fresno, $7.4M)Tools to manage books, donors, and members of nonprofits organizationsMinicorn. Stage: Series A
San Joaquin Capital
FreeAgent (2007, Edinburgh, $4.9M)SaaS Finance Management for SMBIPO Date Nov 2016 Mcap $544kIPO Mcap $42.5MLON FREE P/E -
Mr Shoebox (2010, Stockholm, $687k)Marketplace for businesses to choose offline accountants for accounting services.Editor's Pick. Stage: Seed
Collector, NFT Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (2/22)
228
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Accounting Suite
MYOB (1991, Glen Waverley)Business management solutions provider.IPO Date May 2015 Mcap $1.7BIPO Mcap -ASX MYO P/E 38.33
Abacus (2016, Vienna)AI-based financial accountingEditor's Pick. Stage: Unfunded
Accounto (2016, Sissach)Cloud-based outsourced accounting services provider for SMBs.Editor's Pick. Stage: Unfunded
Bookkeeper (2011, Fredrikstad)Tech-enabled outsourced accounting services provider.Editor's Pick. Stage: Unfunded
Accounting Suite
ContaAzul (2011, Joinville)SaaS accounting and invoicing solutions for SMBsEditor's Pick. Stage: Series C
Ribbit Capital, Tiger Global Management, 500 Startups and 3 Other Investors
Contmatic Phoenix (1987, Sao Paulo)Accounting and ERP solutionEditor's Pick. Stage: Unfunded
Scrubbed (2011, San Francisco)Tech-enabled outsourced accounting service provider.Editor's Pick. Stage: Funded
GSV Labs
Sparkrock (2003, Toronto)Donor management softwareEditor's Pick. Stage: Unfunded
TAS Software (1992, Newcastle Upon Tyne)Accounting solution for SMEsEditor's Pick. Stage: Unfunded
Accounting Suite
Blackbaud (1981, Charleston)Non-profit software providerIPO Date Jul 2004 Mcap $4.6BIPO Mcap $340MNASDAQ BLKB P/E 86.13
Class Super (2009, Sydney)Cloud-based software solutions for wealth accounting.IPO Date Dec 2015 Mcap $256MIPO Mcap $84.1MASX CL1 P/E 41.51
Flexi (1991, Shelton)Enterprise accounting software Solutions for financial services industry.IPO Date Dec 1997 Mcap $179MIPO Mcap $179MNASDAQ FLXI P/E -
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (3/22)
229
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Accounting Suite
Intuit (1983, Mountain View)business & financial mgmt. solutionsIPO Date Mar 1993 Mcap $40.5BIPO Mcap -NASDAQ INTU P/E 41.92
Reckon (1987, Sydney)Web-based accounting and bookkeeping software for SMBs and other usersIPO Date Jul 1999 Mcap $225MIPO Mcap -- RKN P/E -
Sage Group (1997, Newcastle Upon Tyne)Accounting, HR and ERP solutions for SMEsIPO Date Jun 2013 Mcap $144MIPO Mcap -LON SGE P/E 33.39
Accounting Suite
Xero (2006, Wellington)Online Accounting Software for SMBsIPO Date Jun 2007 Mcap -IPO Mcap -ASX XRO P/E -
Bookkeeping
Jurnal (2014, Jakarta)Cloud based accounting for SMEsMinicorn. Stage: Series A
East Ventures, Fenox Venture Capital
BookBit (2014, Manila)Provider of tech-enabled bookkeeping services for freelancers and entrepreneurs.Editor's Pick. Stage: Unfunded
Change Bookkeeping (2015, Auckland)Outsourced bookkeeping services for SMBs.Editor's Pick. Stage: Unfunded
Clerk.AI (2016, Stockholm)AI-based SaaS bookkeeping solution for SMBs.Editor's Pick. Stage: Seed
Startup Sauna
Luca Labs (2016, Fornebu)AI-leveraging expense management and reporting to accounting software.Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (4/22)
230
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Bookkeeping
PromikBook (2010, Gothenburg)Billing and bookkeeping software provider.IPO Date Mar 2014 Mcap $4.9BIPO Mcap -- PB P/E 18
Invoice Management
AvidXchange (2000, Charlotte, $560M)Accounts payable and payment automation solutionsUnicorn. Stage: Series F
MasterCard, Peter Thiel, Caisse de depot et placement du Quebec and 13 Other Investors
Bill.com (2006, Palo Alto, $259M)Provider of cloud-based payables and receivables payment solutions.Soonicorn. Stage: Series G
JPMorgan Chase & Co., Temasek, American Express and 13 Other Investors
Taulia (2009, San Francisco, $137M)Electronic invoicing and dynamic discounting solution.Soonicorn. Stage: Series E
Zouk Capital, BBVA Ventures, EDBI and 10 Other Investors
Invoice Management
PaySimple (2006, Denver, $137M)Online Payment and Invoicing for small businessSoonicorn. Stage: Series B
Providence Equity Partners, Susquehanna Growth Equity, Aurionpro and 3 Other Investors
Billtrust (2001, Mercerville, $105M)B2B and B2C payment cycle management solutionsSoonicorn. Stage: Series D
KeyBank, Riverwood Capital, Bain Capital Ventures and 3 Other Investors
C2FO (2008, Fairway, $97.7M)Provides platform for cash flow optimization between business and suppliersSoonicorn. Stage: Series D
Citi, Mithril, Temasek and 8 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (5/22)
231
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Invoice Management
Viewpost (2012, Maitland, $89.5M)eInvoicing and online payment solution.Soonicorn. Stage: Series C
Caretta, Western Technology Investment
Transactis (2001, New York City, $61.7M)White label for bill paymentsSoonicorn. Stage: Series E
Fifth Third Bancorp, PNC Financial Services Group, Safeguard Scientifics and 9 Other Investors
Invoice2go (2002, Sydney, $50M)Invoice AppSoonicorn. Stage: Series C
Ribbit Capital, Accel Partners, Western Technology Investment
Invoice Management
Avolent (1995, San Francisco, $49M)Self-service eBilling and eSettlement software provider.Stage: Acquired
Columbia Capital, Constellation Ventures, Rho Ventures and 2 Other Investors
Harbor Payments (2000, Atlanta, $40M)B2B invoice paymentsStage: Acquired
Oak Investment Partners, Oak Investment Partners, Oak HC/FT and 1 Other Investors
TrueAccord (2013, San Francisco, $27.3M)Behaviorial Analytics based debt recovery solutions.Minicorn. Stage: Series B
Arbor Ventures, Nyca, Assurant and 8 Other Investors
Invoice Management
Tipalti (2010, Palo Alto, $27M)Automated online mass payment system and account payable platform.Minicorn. Stage: Series B
SGVC
Rimilia (2008, Bromsgrove, $25M)Robotic process automation based account receivable management.Editor's Pick. Stage: Series B
Kennet Partners, Eight Roads Ventures
TSheets (2006, Boise, $15M)Time Tracking SoftwareMinicorn. Stage: Acquired
Summit Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (6/22)
232
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Invoice Management
OB10 (2000, London, $10.1M)B2B eInvoicing, invoice financing and analytics firm.Stage: Acquired
Black River Asset Management, FF and P Private Equity, Straub Ventures and 2 Other Investors
Zervant (2010, Espoo, $8.7M)Invoicing and time tracking for SMBsMinicorn. Stage: Series A
Northzone, Conor Venture Partners, Tekes
Gallium Technologies (2009, Richmond, $2.7M)Provider of software to automate credit collections.Editor's Pick. Stage: Acquired
Virteo (2013, Heverlee, $2.4M)Cloud-based platform for credit collection and debt recovery.Editor's Pick. Stage: Series A
PMV, Sherpa Invest, Ark Angels Activator Fund NV
Invoice Management
Symend (2016, Calgary, $1M)Cloud-based solutions for debt recovery.Minicorn. Stage: Seed
PayTango (2012, Mountain View, $700k)Invoicing platformEditor's Pick. Stage: Seed
Y Combinator, Andreessen Horowitz
Spotdraft (2016, Gurgaon, $536k)Cloud-based AI-enabled contract creator and invoice sending platform.Editor's Pick. Stage: Seed
Hunch Ventures, Spiral Ventures, 500 Startups and 2 Other Investors
Tesorio (2013, Philadelphia, $220k)An online platform for invoice factoring.Minicorn. Stage: Seed
Y Combinator, StartUp PHL, Fuel Capital and 4 Other Investors
Invoice Management
Hummingbill (2014, Bangalore, $210k)Receivables management platformEditor's Pick. Stage: Acquired
Start-Up Chile, LetsVenture, CRE Venture Capital
Ansonia Credit Data (2006, Olympia)Provider of credit intelligence tools for businesses.Editor's Pick. Stage: Unfunded
Informer (2009, Rijswijk)Cloud-based payables and receivables management solution for SMBs.Editor's Pick. Stage: Unfunded
Paper (2016, Jakarta)Mobile-based invoicing solution.Editor's Pick. Stage: Unfunded
Dunforce (2016, Barcelona)Account receivable management softwareMinicorn. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (7/22)
233
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Invoice Management
AcceptEasy (2007, Amsterdam)Accounts receivables automationEditor's Pick. Stage: Unfunded
BlueGill Technologies (1996, Brookfield)Electronic billing and payment solutionEditor's Pick. Stage: Acquired
Blue Chip Venture, Allos Ventures, Morgenthaler and 1 Other Investors
GIS e-invoicing (2001, Paris)Electronic Invoicing SolutionEditor's Pick. Stage: Unfunded
InShip (2014, Dublin)Account payable automation software.Editor's Pick. Stage: Unfunded
iVarejo (2005, Rio De Janeiro)Platform for invoice management and digitization.Editor's Pick. Stage: Unfunded
Invoice Management
Kitado (2014, Sao Paulo)Online cloud-based solution for credit collection.Editor's Pick. Stage: Funded
Monashees+
NetChain² (2016, Phoenix)AI-based accounts payable/receivables automationEditor's Pick. Stage: Unfunded
Netsend (1994, London)Provider of cloud-based electronic invoicing and delivery solutions.Editor's Pick. Stage: Unfunded
Paybox (2001, Fort Lauderdale)Accounts payable and receivables automation softwareEditor's Pick. Stage: Unfunded
Payt (2012, Groningen)Online cloud-based accounts receivable collection software solution.Editor's Pick. Stage: Unfunded
Invoice Management
POM (2015, Brussels)Mobile (Android & iOS) app for making invoice payments.Editor's Pick. Stage: Funded
Startupbootcamp
Storecove (2014, Amsterdam)Automatic supplier invoice collection software.Editor's Pick. Stage: Funded
Otterloo Ventures
Swordfish Software (2004, Pretoria)Cloud-based debt-recovery & collections software.Editor's Pick. Stage: Unfunded
Xelix (2016, London)Dynamic discounting softwareEditor's Pick. Stage: Funded
Passion Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (8/22)
234
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Invoice Management
Bottomline Technologies (1989, Portsmouth)Invoice, document automation solutionsIPO Date Feb 1999 Mcap $1.4BIPO Mcap $129MNASDAQ EPAY P/E -
VersaPay (2006, Vancouver)Cloud based B2B accounts receivable solution providerIPO Date Jan 2010 Mcap $61.8MIPO Mcap -CVE VPY P/E -
Esker (1985, Lyon)Document automation & order management softwareIPO Date Aug 2010 Mcap $334MIPO Mcap -- ALESK P/E 44.18
Invoice Management
BizXpert (1989, Budapest)Cloud-based invoicing solution for Windows.IPO Date - Mcap -IPO Mcap -- - P/E -
Direct Insite (1987, Lauderdale)Cloud based accounts payable and receivable management software provider.IPO Date - Mcap -IPO Mcap -- - P/E -
GFKL (1992, Essen)Receivables' collections service provider.Stage: Acquired
Advent International, SVG Capital
Sidetrade (2000, Boulogne)Account Receivable automationIPO Date Jul 2005 Mcap $111MIPO Mcap -EURONEXT ALBFR P/E 51.46
Quote-to-cash
Apttus (2006, San Mateo, $329M)CRM SaaS Pricing, Quoting, and ContractsUnicorn. Stage: Series E
Salesforce, K1 Investment Management, Iconiq Capital and 3 Other Investors
Zuora (2007, Foster City, $250M)Subscription billing and managementUnicorn. Stage: Series F
Next World Capital, Shasta Ventures, Index Ventures and 12 Other Investors
Aria (2003, San Francisco, $150M)Subscription Billing & Management SoftwareSoonicorn. Stage: Series E
Madison Bay Capital Partners, Hummer Winblad Venture Partners, InterWest Partners and 7 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (9/22)
235
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Quote-to-cash
SteelBrick (2002, Palo Alto, $77.5M)SaaS based CPQ for SalesForce.com usersStage: Acquired
IVP, Emergence Capital, Salesforce and 2 Other Investors
MetraTech (1998, Waltham, $37.5M)Agreements-based billing and settlement solutions provider.Stage: Acquired
Accel Partners, Meritech Capital Partners, Vesbridge Partners and 1 Other Investors
Model N (1999, Redwood City, $37M)Cloud based revenue management solution for life science and hi-tech industryIPO Date Mar 2013 Mcap $466MIPO Mcap $343MNYSE MODN P/E -
Quote-to-cash
Hybris (1997, Zug, $30M)Enterprise multichannel e-commerce and product content management softwareStage: Acquired
Meritech Capital Partners, HGGC, 83North and 2 Other Investors
Procure-to-pay
Tradeshift (2009, San Francisco, $266M)Collaboration, electronic invoicing and dynamic discounting solutionSoonicorn. Stage: Series D
Wipro, Santander InnoVentures, Data Collective and 12 Other Investors
Coupa (2006, San Mateo, $169M)Cloud spend management software.IPO Date Oct 2016 Mcap $1.7BIPO Mcap -- COUP P/E -
TradeCard (1999, New York City, $133M)Cloud based Supplier collaboration and enabler of Sourcing transactionsStage: Acquired
Warburg Pincus
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (10/22)
236
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Procure-to-pay
Chrome River (2007, Los Angeles, $120M)SaaS Expense Reporting & Invoice ManagementSoonicorn. Stage: Series D
Great Hill Partners, Bain Capital Ventures, First Analysis and 3 Other Investors
Ivalua (2000, Redwood City, $73M)Procure-to-Pay AutomationMinicorn. Stage: Series B
Kohlberg Kravis Roberts, Ardian
Perfect Commerce (1994, Newport News, $30M)Procure-to-Pay AutomationStage: Acquired
Apax Partners, Mayfield, New Enterprise Associates and 11 Other Investors
Procure-to-pay
Procurify (2011, Vancouver, $12.6M)Procure-to-Pay Automation for SMBsMinicorn. Stage: Series A
Runa Capital, Point Nine Capital, Nexus Venture Partners and 4 Other Investors
InstaSupply (2014, London, $1.5M)Procurement platform for buyers-suppliers.Editor's Pick. Stage: Seed
Ariba (1996, Sunnyvale)e-Procurement, invoicing, and B2B collaboration softwareUnicorn. Stage: Acquired
Intel, The Beekman Group, MK Capital and 2 Other Investors
Amani (2016, Windsor)End-to-end purchase order placing to payment solution on Ethereum-based blockchain.Editor's Pick. Stage: Unfunded
Procure-to-pay
Heeros (2000, Helsinki)Cloud-based tool for financial information managementIPO Date - Mcap -IPO Mcap -HEL HEEROS P/E -
Quadrem (2000, Amsterdam)Procure-to-pay softwareEditor's Pick. Stage: Acquired
Basware (1985, Espoo)P2P and e-invoicing solutionsIPO Date - Mcap $811MIPO Mcap -HEL BAS1V P/E -
Proactis (1996, Wetherby)Spend control and e procurement solution providerIPO Date Jun 2006 Mcap $2.6MIPO Mcap $284MLON PHD P/E -
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (11/22)
237
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Procure-to-pay
Tungsten Network (2000, London)e-invoicing, invoice financing and analytics companyIPO Date - Mcap -IPO Mcap -- - P/E -
Payroll Management
Gusto (2011, San Francisco, $176M)Cloud-based HRMS and payroll management solutionUnicorn. Stage: Series C
General Catalyst Partners, Obvious Ventures, CapitalG and 23 Other Investors
Justworks (2012, New York City, $53M)Online payroll and benefits platformSoonicorn. Stage: Series C
Redpoint Ventures, Bain Capital Ventures, Thrive Capital and 4 Other Investors
CloudPay (1996, Raleigh, $46M)SaaS Payroll software and servicesSoonicorn. Stage: Series B
Rho Ventures, Rho Capital Partners
Payroll Management
WaveCrest (2009, Gibraltar, $32.9M)Electronic payment solution provider.Minicorn. Stage: Series E
Vesuvio Ventures, Upfront Ventures, Daher Capital
PayCycle (1999, Palo Alto, $28M)Online Payroll service provider.Stage: Acquired
TTV Capital, August Capital, DCM Ventures and 1 Other Investors
Celergo (2004, Deerfield, $15M)Payroll service providerSoonicorn. Stage: Funded
Frontier Capital
Wagepoint (2012, Kitchener, $4M)SaaS payroll application for SMBsMinicorn. Stage: Seed
Timia Capital, Extreme Venture Partners, Cardinal Bank and 1 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (12/22)
238
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Payroll Management
Payable (2013, San Francisco, $2.1M)Billing Solution for Gig-EconomyMinicorn. Stage: Acquired
General Catalyst Partners, Freestyle Capital, Redpoint Ventures and 7 Other Investors
Niyo Solutions (2015, Bangalore, $1.2M)Employee benefits solution providerEditor's Pick. Stage: Seed
Prime Venture Partners
FlexM (2014, Singapore, $866k)Mobile app for electronic paymentsEditor's Pick. Stage: Seed
MatchMove Pay
Salarium (2013, Manila, $500k)Cloud based payroll managementMinicorn. Stage: Seed
Future Now Ventures, Seedstars World
Payroll Management
Meu Alelo (2003, Barueri)Prepaid card benefits for corporate employeesEditor's Pick. Stage: Unfunded
Pocket Teller (2014, San Francisco)Employer extended mobile wallet and physical card.Editor's Pick. Stage: Funded
SmartPayroll (2004, Lower Hutt)Cloud-based payroll management software.Editor's Pick. Stage: Unfunded
Udio (2010, Mumbai)Mobile wallet and employee benefits cardsEditor's Pick. Stage: Unfunded
Zeta (2015, Bangalore)Employee tax benefits solution providerEditor's Pick. Stage: Unfunded
Payroll Management
Hyperwallet Systems (2000, California)Mass Payout solution provider.Soonicorn. Stage: Funded
Primus Capital Partners, Raymond James, Primus Capital
$ERO (2014, Montevideo)Provider of payroll card solutions to businesses.Editor's Pick. Stage: Unfunded
TRAXPayroll (1997, Hercules)Provider of cloud-based payroll-related solutions for businesses.Editor's Pick. Stage: Unfunded
SurePayroll (2000, Glenview)Online Payroll Service for SMBsStage: Acquired
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (13/22)
239
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Payroll Management
The Mint Corporation (2009, Dubai)Gateway, POS and prepaid payroll card servicesIPO Date - Mcap -IPO Mcap -- - P/E -
Expense Management
Wright Express (1983, South Portland, $355M)Financial and information management solutionsIPO Date Feb 2005 Mcap $6.1BIPO Mcap -- WEX P/E 70.87
ItzCash (2006, Mumbai, $52.6M)Provider of prepaid payment cardsSoonicorn. Stage: Acquired
Intel Capital, Matrix Partners India, Lightspeed Venture Partners
TravelBank (2015, San Francisco, $35M)Cloud-based expense management Android and iOS app for SMBsMinicorn. Stage: Series B
DCM Ventures, Propel Venture Partners, New Enterprise Associates and 3 Other Investors
Expense Management
Expensify (2008, San Francisco, $27.8M)Expense Report SoftwareEditor's Pick. Stage: Series B
OpenView, CoyoteRidgeVC, Barracuda and 5 Other Investors
Karmic Labs (2014, San Francisco, $24.9M)Saas to manage cash flow and expenses for a businessMinicorn. Stage: Series B
Alsop Louie Partners, Arbor Ventures, Greycroft Partners and 11 Other Investors
Happay (2012, Bangalore, $17.7M)Cloud based business expense management solutionMinicorn. Stage: Series B
Sequoia Capital, Axiom Capital Management, AME Cloud Ventures and 2 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (14/22)
240
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Expense Management
AppZen (2012, Sunnyvale, $17.5M)Personal Assistant for Expense ManagementEditor's Pick. Stage: Series A
Redpoint Ventures, Resolute Ventures, Bloomberg Beta and 6 Other Investors
Nexonia (2002, Toronto, $14.2M)Software provider for accounting modules like expenses, accounts payable.Minicorn. Stage: Series B
Xpenditure (2011, Mechelen, $8.7M)Expense Management SoftwareMinicorn. Stage: Series A
Abacus (2013, New York City, $3.5M)Employee Expense Reporting ApplicationEditor's Pick. Stage: Seed
Homebrew, Sherpalo Ventures, GV and 13 Other Investors
Expense Management
Concur (1993, Bellevue)End-to-end travel expense managementUnicorn. Stage: Acquired
American Express, IVP, Redpoint Ventures and 6 Other Investors
Electronic Funds Source (1996, Ogden)Corporate and Fleet Expense solutionsUnicorn. Stage: Acquired
Ardian
RitExpense (2015, Atlanta)Cloud-based expense reporting and management solution.Editor's Pick. Stage: Unfunded
8common (2014, Sydney)Suite of enterprise softwareIPO Date Aug 2014 Mcap $1.4MIPO Mcap $12.6MASX 8CO P/E -
Taxation
Avalara (2004, Bainbridge Island, $311M)Cloud-based Taxation ServiceSoonicorn. Stage: Series F
Warburg Pincus, Technology Crossover Ventures, Sageview Capital and 5 Other Investors
VATBox (2012, Herzliya, $50M)VAT Refund AutomationMinicorn. Stage: Series B
Target Global, Viola Group
Liquid Engines (2001, New York City, $30.5M)Corporate Tax Software ProviderStage: Acquired
Advanced Technology Ventures, Charles River Ventures, Catamount Ventures and 4 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (15/22)
241
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Taxation
Canopy (2014, Lehi, $30M)Tax resolution and practice management software provider for tax professionals.Minicorn. Stage: Series B
Pelion Venture Partners, New Enterprise Associates, EPIC Venture Fund and 2 Other Investors
Exactor (2006, Philadelphia, $3.3M)Cloud-based sales tax compliance software.Editor's Pick. Stage: Acquired
TaxCloud (2012, Delhi)Cloud based ITR and e-TDS software for enterprisesEditor's Pick. Stage: Unfunded
Taxamo (2010, Tralee)International digital tax solutionEditor's Pick. Stage: Unfunded
Zenwork (2002, Fayetteville)Online tax filing and compliance platformEditor's Pick. Stage: Unfunded
Auditing
Capital Confirmation (2000, Brentwood, $63M)Online audit confirmation solution provider.Minicorn. Stage: Seed
Great Hill Partners, Solidus
Transparent (2000, Amsterdam)Accounts payable audit recovery solution providerEditor's Pick. Stage: Unfunded
PRGX (1970, Atlanta)Accounts Payable recovery audit and advisory services provider.IPO Date Mar 1996 Mcap $158MIPO Mcap -NASDAQ PRGX P/E -
Account Reconciliation
BlackLine (2001, Woodland Hills, $220M)Account reconciliation softwareIPO Date Oct 2016 Mcap $1.8BIPO Mcap $839MNASDAQ BL P/E -
FloQast (2013, Los Angeles, $33M)SaaS month end Account Management for SMBsMinicorn. Stage: Series B
Insight Venture Partners, Toba Capital, Polaris Partners and 3 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (16/22)
242
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Solutions
Regulatory Reporting
Workiva (2008, Ames, $53.8M)Compliance and management reporting platformIPO Date Dec 2014 Mcap $891MIPO Mcap $553MNYSE WK P/E -
IRIS (2000, Vashi)Cloud based XBRL solutionsIPO Date Oct 2017 Mcap $9.2MIPO Mcap $9.2MBOM 540735 P/E -
Financial Management
Suite
Anaplan (2006, San Francisco, $300M)SaaS Corporate Performance Management PlatformUnicorn. Stage: Series F
Premji Invest, Top Tier Capital Partners, Baillie Gifford and 13 Other Investors
Adaptive Insights (2003, Palo Alto, $151M)SaaS Corporate Finance ManagementSoonicorn. Stage: Series G
Monitor Ventures, Information Venture Partners, Cardinal Venture Capital and 10 Other Investors
Tidemark (2010, Redwood City, $105M)SaaS Corporate Performance ManagementSoonicorn. Stage: Series D
Marlin Equity Partners, Workday, Greylock Partners and 4 Other Investors
Suite
Rocket Software (1990, Waltham, $91.9M)Enterprise Performance Management and BI PlatformSoonicorn. Stage: Funded
Comvest Partners
Host Analytics (2000, Redwood City, $71.7M)Cloud Enterprise Performance ManagementSoonicorn. Stage: Series E
Advanced Technology Ventures, Next World Capital, StarVest Partners and 4 Other Investors
Arcplan (1993, Wayne, $34M)Corporate Performance ManagementStage: Acquired
ViewPoint Capital Partners, Marlin Equity Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (17/22)
243
Finance & Accounting > Appendix > Index of Top companies by Market
Financial Management
Suite
Trufa (2013, Heidelberg, $4.5M)Predictive Performance CompanyEditor's Pick. Stage: Series A
Accel Partners, Cross Continental Ventures, Foundation Capital
Agylytyx (2011, Sunnyvale)Provider of cloud-based business intelligence and budgeting software.Editor's Pick. Stage: Unfunded
Applix (1983, Westborough)Business performance management solutionStage: Acquired
New Enterprise Associates
Tagetik (1986, Lucca)Corporate Performance ManagementStage: Acquired
Budgeting & Forecasting
XLerant (2008, Stamford, $5.4M)Provider of cloud-based budgeting, forecasting and reporting solutions.Minicorn. Stage: Series B
Chrysalis Ventures, Connecticut Innovations, Advantage Capital and 1 Other Investors
Synapse Information (2012, Birmingham, $774k)Cloud-based corporate performance management software provider.Editor's Pick. Stage: Seed
HSBC Group, Innovate UK, Finance Birmingham and 1 Other Investors
Finfox (2016, Boston)Cash management and automated savings for businesses.Editor's Pick. Stage: Funded
Dorm Room Fund
Budgeting & Forecasting
Cashcontrol (2013, Kibbutz Gaton)Cloud-based cash flow forecasting and management solution.Editor's Pick. Stage: Unfunded
Lucro (2014, Chicago)Cloud-based financial modeling software focused on real-estate.Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (18/22)
244
Finance & Accounting > Appendix > Index of Top companies by Market
Financial Management
Business Intelligence
ChartMogul (2014, Berlin, $3.7M)Recurring Revenue Analytics for Subscription BusinessesMinicorn. Stage: Series A
Alven, Point Nine Capital, RTAventures
SherpaShare (2014, San Francisco, $700k)Earnings management platform for on-demand drivers and other workersEditor's Pick. Stage: Seed
Amino Capital, Galvanize, Corigin Ventures
Treasury Management
Kyriba (2000, San Diego, $159M)Treasury automation and risk managementSoonicorn. Stage: Series E
Sumeru Equity Partners, Bpifrance, Iris Capital and 9 Other Investors
Reval (1999, New York City, $28M)Accounting and Risk Management SoftwareStage: Acquired
Commonwealth Capital Ventures, North Bridge, Blue Cloud Ventures
SunGard (1982, Wayne)Enterprise SoftwareUnicorn. Stage: Acquired
GE Capital, HarbourVest Partners, AlpInvest Partners and 3 Other Investors
Treasury Management
Nordkap (2012, Stockholm)Cloud-based treasury platform for pricing debt investments.Editor's Pick. Stage: Series A
Collector, NFT Ventures
Treasury Curve (2006, Menlo Park)Provider of a cloud-based treasury management solution built on SWIFT.Editor's Pick. Stage: Unfunded
Pelican (1993, London)Provider of AI-solutions in payments/compliance processes for banks and corporates.Soonicorn. Stage: Unfunded
Hedgebook (2011, Auckland)Provider of cloud-based solutions for treasury management.Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (19/22)
245
Finance & Accounting > Appendix > Index of Top companies by Market
Financial Management
Treasury Management
TMS Treasury Systems (2000, Dublin)Provider of a cloud-based modular treasury management solution.Editor's Pick. Stage: Unfunded
TriAset (1999, Petaling Jaya)Provider of cloud-based treasury management systems for banks and corporates.Editor's Pick. Stage: Unfunded
US Dataworks (1997, Sugar Land)Multi-channel payment processing & clearing solutionsIPO Date - Mcap -IPO Mcap -- - P/E -
Equity Administration
Certent (2002, Pleasanton, $35.9M)Equity compensation and financial compliance software provider.Soonicorn. Stage: Series D
Western Alliance Bancorporation
Solium (1999, Calgary)Cloud-based equity compensation administration software and services provider.IPO Date - Mcap -IPO Mcap -- - P/E -
Accounting Enablers
Collaboration Software
Convoke (2006, San Francisco, $5.5M)Automating and Accelerating Accurate Business Information for Debt RecoveryEditor's Pick. Stage: Series B
Flybridge Capital Partners, QED Investors, Ashby Point Capital
Yuki (2006, Rotterdam)Cloud-based platform for collaboration between accountants and businesses.Editor's Pick. Stage: Funded
CNBB Venture Partners
Dokka (2016, Tel Aviv)Mobile app for document storage & managementEditor's Pick. Stage: Unfunded
LedgerDocs (2011, North Vancouver)Cloud-based document storage and collaboration software for businesses and their accountants.Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (20/22)
246
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Enablers
Collaboration Software
MyFirmsApp (2013, Durham)Provider of white-label mobile (Android and iOS) apps for accountants and bookkeepers.Editor's Pick. Stage: Unfunded
MYOB BankLink (1986, Auckland)Provider of software for automatically providing financial transaction data from banks.Stage: Acquired
Practice Management for Accounting Firms
Karbon (2014, Sydney, $4.8M)Cloud-based workflow management software for accountants and accounting firms.Editor's Pick. Stage: Seed
Blackbird Ventures, DFJ
Wolters Kluwer (1836, The Hague)Suites for Legal office management and accounting firms.Unicorn. Stage: Funded
MMF Capital
Aero Workflow (2013, Menlo Park)Cloud-based workflow management and practice management solution for accountants.Editor's Pick. Stage: Unfunded
GreatSoft (2011, Cape Town)Practice management solution for accounting firms & other professional service firms.Editor's Pick. Stage: Unfunded
Data Digitization
Receipt Bank (2011, London, $65M)Invoice data extraction software.Minicorn. Stage: Series B
Insight Venture Partners, Kennet Partners
Commerce Sync (2005, Denver, $12.8M)Accounting software to keep track of financial health of the businessSoonicorn. Stage: Series A
Intel Capital, Meritage Funds, Camp One Ventures and 3 Other Investors
PaperVault (2012, Ferreira)Cloud-based platform for digitizing invoices.Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (21/22)
247
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Enablers
B2B Payments
Escrow.com (1999, Rancho Santa Margarita, $30M)Licensed escrow service provider.Stage: Acquired
PCCW, VerticalNet, SoftBank Group
Traxpay (2009, Frankfurt Am Main, $19M)A B2B Payment PlatformMinicorn. Stage: Series B
Earlybird Venture Capital, Apax Partners, Software AG and 1 Other Investors
PayMate (2006, Mumbai, $17.8M)B2B Payments platformMinicorn. Stage: Series B
Lightbox Ventures, KPCB, Sherpalo Ventures and 2 Other Investors
Ordermentum (2014, Sydney, $2.5M)B2B ordering and payment solutionEditor's Pick. Stage: Series A
B2B Payments
B2B Pay (2015, Berlin)European B2B payment transfer servicesMinicorn. Stage: Funded
Techstars
MarketPay (2016, Barcelona)Blockchain-enabled escrow payment enabler.Editor's Pick. Stage: Unfunded
Plooto (2015, Toronto)B2B payment softwareEditor's Pick. Stage: Seed
Real Ventures, Hedgewood
Electronic Clearing House (1981, Camarillo)End-to-end payment processing solutions.Stage: Acquired
Bank of the West
B2B Payments
IPay Technologies (2001, Elizabethtown)Online bill pay serviceStage: Acquired
Bain Capital Ventures, Spectrum Equity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Finance & Accounting
Index of Top companies by Market (22/22)
248
Finance & Accounting > Appendix > Index of Top companies by Market
Accounting Enablers
Subscription Billing
GoCardless (2011, London, $47.5M)Online payments solutions for recurring paymentsSoonicorn. Stage: Series C
Accel Partners, Balderton Capital, Notion Capital and 8 Other Investors
Vindicia (2003, Redwood City, $41M)SaaS subscription and recurring billingStage: Acquired
FTV Capital, Bertelsmann Digital Media Investments, ONSET Ventures and 4 Other Investors
Cerillion Skyline (1999, London, $9M)Subscription billing, charging and CRM solution provider.IPO Date Mar 2016 Mcap $832kIPO Mcap -- CER P/E 21.78
Subscription Billing
Avangate (2006, Redwood Shores, $7.5M)eCommerce and channel sales management solution providerMinicorn. Stage: Acquired
Gecad Ventures, Francisco Partners, 3TS Capital Partners
Chargebee (2011, Chennai, $6.2M)Managed subscription billing service for SaaSMinicorn. Stage: Series B
Tiger Global Management, Accel Partners, Girish Mathrubootham
Cleverbridge (2005, Cologne)Global full-service e-commerce and subscription management solution providerSoonicorn. Stage: Unfunded
Subscription Billing
FastSpring (2005, Santa Barbara)Digital e-commerce payment, merchandising and fulfillment solutionSoonicorn. Stage: Acquired
Pylon Capital, Bill 95, The Cambria Group
Digital River (1994, Minnetonka)Global commerce, marketing and payments solutions provider.Stage: Acquired
Earlybird Venture Capital, Capital Southwest
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018
Funded Deadpooled Companies
249
Excludes all details for Chinese companies
Finance & Accounting > Appendix > Funded Deadpooled Companies
View all 87 Deadpooled companies on Tracxn Platform
Funding Company Location
$20.5M E-Duction Blue Bell
$1.5M SureBooks Mckinney
$1.5M Activecell New York City
$19.7k Mipagar Haarlem
Easy Bill Online Edmonton
EcoFinSim Haifa
Utfylt.no Oslo
Index of Deadpooled companies in Finance & Accounting
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Finance & Accounting - Jan 2018250
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Team
Deepjyoti DebResearch Manager
Rohit Kothari Lead Analyst
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