It's out! Puzzle 🧩🚀 raises an additional $30M led by S32, XYZ Venture Capital, and General Catalyst to power a new era of AI-powered generative accounting.
As our mission is to help startups build better businesses, we also added a powerful network of notable early-stage investors to the round:
- FOG Ventures: 1,000+ network of venture-backed CFOs & Operators
- Born Capital: VC fund focused on the office of #CFO
- Gaingels: Largest early-stage angel investor network
- Soma Capital: Prolific & successful early-stage fund
- Alumni Ventures: Active investor in next-gen founders.
- Continued support from Felicis, Sterling Road, Kapor Capital, and the many experienced founders and operators who have been our biggest supporters.
The funding comes as the #accounting industry stands at a crossroads.
Legacy accounting software was not designed for startups:
1. Outdated tools and stagnating wages led to accountant exodus.
2. GAAP not useful for evaluating startups.
3. Static data couldn't provide real-time insights.
Unlike other players that simply bolt on AI to existing software, Puzzle completely rebuilt the core general ledger from scratch to be smarter, faster, and fit the needs of modern businesses.
How?
1. Puzzle integrates with essential #fintech tools that complete their startup's stack.
2. Puzzle uses #AI to make accounting intelligent, fast, and fit digital needs.
3. Real-time automated reports empower #founders with financial insights.
Learn more: https://lnkd.in/eipc_FgR
The GC With an ROI: I Build & Scale Pragmatic, Effective Legal & Compliance Functions for Fast-Growing Fintech Companies >> Empower CEOs to Navigate Growth, Enterprise Risk & Corporate Governance >> Fintech Expert
3moNo surprise there. Very well deserved.