ScaleFactor Raises Third Round ($60M) In 13 Months After 700% ARR Growth In 2018

news.crunchbase.com

... that's how much accounting tech startup ScaleFactor have raised since last July, hot off a $60M USD funding round last week.

Venture Capitalists have taken a huge interest recently in tech startups that pair their automated accounting software with actual professional services (see my article on the risk of accounting tech startups taking over traditional accounting firms, which I also had posted in last week's edition). In this case, ScaleFactor not only provides the software, but the accounting, bookkeeping & tax services that go along with it.

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