It's a no brainer to continue backing Tabs alongside our friends at General Catalyst, Lightspeed and Primary Venture Partners. The global accounts receivable (A/R) automation market topped $3.5B in 2023, projected to hit $6B+ by 2027. Yet, most businesses still rely on manual or legacy systems to manage A/R—an area ripe for innovation. Why is A/R automation lagging? Complex workflows across verticals and the need for deep ERP & CRM integration. As a result, enterprise solutions and small-business point solutions have been the primary offerings, leaving the mid-market underserved. That’s why we invested in Tabs. Leveraging Generative AI, Tabs automates contracting, predictive invoicing, payment reconciliation, and more, solving the “beyond human scale” challenges in A/R. The potential? Faster cash flow, reduced friction, and stronger financial performance for the mid-market. #Innovation #Automation #AccountsReceivable #MidMarket #Fintech #AI
Announcing our $25M Series A led by General Catalyst 🎉 We started Tabs less than 24 months ago Our mission is to build the world’s most powerful Revenue Automation Platform for Finance Why? Relative to other areas of the Finance Stack (e.g. AP, Spend, Payroll), Revenue has been left behind Most teams manually aggregate critical commercial data in spreadsheets or rely on insanely painful custom integrations between ERP and CRM ...and after all this get paid late and spend hundreds of hours a year building custom reports Tabs via our powerful AI driven “Commercial Graph” handles Billing, Collections, Payments, Revenue Recognition, Renewals and Reporting, all purpose built for B2B Since coming out of Stealth ~6 months ago with our Seed led by Lightspeed, we’ve quickly scaled to 7-figures and built a product used daily by some of the fastest growing B2B companies and respected operators in the world! Thank you to our customers, accounting partners / advisors and operators who helped us get started and build so quickly Special shoutout to our Seed investors who believed in us and doubled down: • Brian Schechter and Rachel Pavey from Primary Venture Partners • Justin Overdorff, Sam Eisler and Aaron Frank from Lightspeed • Joe Montana / Matthew Mulvey from Liquid 2 Ventures, Vivek Krishnamurthy from Commerce Ventures, Jonathan Weiner, Matthew Harrigan and Nelson Boone Schubart from Company Ventures, Lex Zhao and Semyon Dukach from One Way Ventures and Wesley Yiu from Alumni Ventures And a warm welcome to the new investors joining us in this round: • Alex Tran and Nathaniel Levy-Westhead from General Catalyst (Joining our Board) • Gokul Rajaram • Casey Woo and the entire FOG Ventures syndicate • Kiran Lingam and Greg Raiten from The F Suite • Imraan Ahmed and Zunaira Arshad Learn more about the fundraise and our future (blog post and media linked in comments).