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 Outdated tools and stagnating wages led to accountant exodus. 2.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 $30M funding round for Puzzle, led by industry giants, is a groundbreaking development in AI-enhanced accounting for startups. Their innovative overhaul of the general ledger system is a brilliant move, adeptly tackling the shortcomings of conventional accounting software. With AI integration and real-time financial insights, Puzzle is not just evolving but revolutionizing the way startups handle finances. It's a transformative step that reflects the growing synergy between technology and finance. Personally, I am highly impressed by Puzzle's foresight and ingenuity in this space. Their approach could potentially redefine financial management and decision-making for startups, making it a critical watch for anyone in the fintech and entrepreneurial sectors. #Innovation #Startups #AI #Accounting #Fintech 🚀🔗
Impressive, Puzzle! 🚀 Securing $30M to innovate startup accounting with AI is a game-changer. Excited to see your impact on the industry!
The product is already so good. And it is going to get even more so good soon!
woohoo guess we're sticking around for abit ;)
This is very exciting. Definitely something all founders should pay attention to, both as a product but also as a model of a successful company. I'm really looking forward to witnessing this next chapter.
A credit to amazing innovation by Sasha Orloff & the whole incredible Puzzle 🧩🚀 team! Excite for the next chapter!
Congrats Sasha Orloff, Lisa Kleinsorge and the rest of the team. Awesome to be partnering with you.
Congrats to the team! Trestle has been a huge fan of puzzle! We love the product experience and the support! Keep it up 👏🏻👏🏻
Congratulations to the entire team 👏👏
Building | Forbes 30 under 30 | Ironman | Prev. Founder Flike (YC W22)
11moCongrats Sasha Orloff 🚀 Flike is Puzzle's #1 Fan 🙌