Tracxn Research - Finance & Accounting Landscape, February 2017

Finance & Accounting Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
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Finance & Accounting Report – February 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.3
Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 11
Who is Investing 22
Exit Outlook - IPO, Acquisitions 26
Sub Sector Analysis 31
Interesting Companies 43
Useful Links 53
Company List 56
Team 265

Sector Overview
Scope of report
This report contains companies which offer software for automating functions of finance and accounting department of an organization. These software
solutions record and process accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, trial balance,
inventory, general ledger. The report also includes companies which offer software for auditing, taxation and end-of-month account reconciliation. The
report also include companies that offer software for digitizing the paper-based transactions of a business. Companies which provide software to CPA firms
to collaborate and share confidential documents with their clients are also included. Companies offering business insights using accounting data for
budgeting, planning and forecasting are also included.
The scope of this report includes equity as well as debt funding received by the companies.
Disclaimer: The information and data in the report is based on global developments tracked in the sector till January 18, 2017. This is to categorically state that any events
and relevant developments after the said date will not reflect in the report.
Business Model Description
Accounting Suite Provides integrated invoicing, expense management, account reconciliation, auditing and payroll solutions
Bookkeeping Companies tracking and recording every transaction of a business.
Invoicing Offers automated invoicing solutions with online payments
Payroll & Benefits Management Provides automated payroll, time-tracking, tax filings and various compliance related functions
Expense Management Offers expense management solutions including reporting and spend analytics
Quote-to-cash Automated management of sales cycle from creating quote to managing contract and billing
Procure-to-pay Automated management of procurement cycle from purchase order creation to payments
Auditing Provides auditing solutions to perform various audit checks
Taxation Delivers compliance solutions related to sales tax and other transactional taxes
Financial Management Offers various financial planning tools for valuation, forecasting and other corporate performance indicators.
Accounting Enablers Offers solutions for accounting data standardization and collaboration
Account Reconciliation Offers month end account reconciling applications

Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
5

97
107
129
154
182
198
80
0
50
100
150
200
250
2010 2011 2012 2013 2014 2015 2016
NumberofCompanies
6
YoY – Number of companies founded
Tidemark Gusto Viewpost PromisePay Karmic Labs Gongziqianbao Cardlay
Tipalti Cloudability freee Bento Dazhangfang TravelBank LumaTax

Large Upcoming Sectors
No. of Companies
Founded
Average
Age
No. of Companies
Funded
Business Model
Total
Funding
Example
425 Jan-2009 125
Accounting Solutions > Invoice
Management
$2.0B ivy-invoicing.com
Viewpost
2012, Maitland
64 Feb-2007 20
Accounting Solutions > Taxation > Tax
Software
$730M avalara.com
Avalara
2004, Bainbridge Island
198 May-2006 39
Accounting Solutions > Accounting
Suite > SMB
$1.3B financialforce.com
FinancialForce
2009, San Francisco
16 Sep-2005 12 Accounting Solutions > Quote-to-cash $843M apttus.com
Apttus
2006, San Mateo
38 Aug-2001 22 Accounting Solutions > Procure-to-pay $805M tradeshift.com
Tradeshift
2009, San Francisco
19 Jun-1991 9
Suite > Enterprise
$388M workday.com
Workday
2005, Pleasanton

Niche Upcoming Sectors
No. of Companies
Founded
Average
Age
No. of Companies
Funded
Business Model
Total
Funding
Example
10 Feb-2012 6
Management > Dynamic Discounting
$239M taulia.com
Taulia
2009, San Francisco
136 Sep-2009 52
Accounting Solutions > Expense
Management > Expense Tracking
Software
$758M cloudability.com
Cloudability
2011, Portland
48 Nov-2007 18
Accounting Solutions > Payroll
Management > Payroll Software
$379M gusto.com
Gusto
2011, San Francisco
56 May-2004 29
Management > Receivables >
Collections
$572M symend.com
Symend
2016, Calgary

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
9

YoY – Number of Rounds and Total Funding
$470M
$574M $555M
$421M
$551M
$1.4B
$1.1B
$2.0B
$1.3B
$41M
29
57
51
64
89 89
130
147
139
4
0
32
64
96
128
160
0
500
1000
1500
2000
2500
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NumberofRounds
FundingAmount(inMillions)
Funding Amount Number of Rounds

YoY – Number of Rounds by Stage
18
39 40
60 60
50
26
27 25
38
47
55
11
13 17
22
27 23
0
32
64
96
128
160
2011 2012 2013 2014 2015 2016
NumberofRounds
Seed Early Late

YoY – Funding by Stage
$17M $18M $22M $45M $40M $40M
$188M $181M
$100M
$281M
$565M
$370M
$125M $258M
$607M
$678M
$986M
$804M
0
360
720
1080
1440
1800
2011 2012 2013 2014 2015 2016
TotalFundingAmount(inMillions)
Seed Early Late

Average Ticket Size – Early Stage
$0.8M $0.8M $0.7M $1.0M $0.9M $1.1M
$4.5M
$8.1M $7.6M
$7.4M
$6.2M
$5.1M
$12.5M
$10.3M
$7.0M
$12.0M
$31.7M
$15.2M
0.0
7.0
14.0
21.0
28.0
35.0
2011 2012 2013 2014 2015 2016
Seed Series A Series B

Top investments in last one year
Company
Funding
Amount
Round
Name
Date Investors
paysimple.com
PaySimple
(Denver, 2006)
$115M PE Oct-2016 Providence Equity Partners
anaplan.com
Anaplan
(San Francisco, 2006)
$90M Series E Jan-2016
Baillie Gifford, Founders Circle, Harmony Partners, Brookside Capital, Coatue, DFJ
Growth, Granite Ventures, Meritech Capital, Salesforce, Sands Capital, Shasta Ventures,
Premji Invest
gusto.com
Gusto
$90M Series C Oct-2016 General Catalyst Partners, CapitalG, Obvious Ventures
apttus.com
Apttus
(San Mateo, 2006)
$88M Series D Sep-2016
Iconiq Capital, Kuwait Investment Authority, K1 Investment Management, Gulf Islamic
Investments
tradeshift.com
Tradeshift
$75M Series D Jun-2016
Data Collective, HSBC Group, American Express, Notion Capital, CreditEase, Pavilion
Capital Partners
confirmation.com
Capital Confirmation
(Brentwood, 2000)
$60M PE Oct-2016 Great Hill Partners
ariasystems.com
Aria
$50M Series E Feb-2016
Bain Capital Ventures, Hummer Winblad Venture Partners, InterWest Partners, Venrock,
VMware, Rembrandt Venture Partners, Madison Bay Capital Partners, HTGC
avalara.com
Avalara
(Bainbridge Island, 2004)
$50M Series D Sep-2016 Warburg Pincus, Technology Crossover Ventures, Sageview Capital, Arthur Ventures

Company
Funding
Amount
Round
Name
Date Investors
taulia.com
Taulia
$46M Series E Jan-2016 Zouk Capital
justworks.com
Justworks
(New York City, 2012)
$33M Series C Mar-2016 Redpoint Ventures, Bain Capital Ventures, Thrive Capital, Index Ventures
gongziqianbao.com
Gongziqianbao
(Shanghai, 2015)
$30M Series B Jul-2016 SBCVC
transactis.com
Transactis
$30M Series E Apr-2016
Fifth Third Bancorp, PNC Financial Services Group, Safeguard Scientifics, TD Bank, Wells
Fargo, Capital One
venasolutions.com
Vena Solutions
(Toronto, 2011)
$30M Series B Jul-2016 Centana Growth
nexussystems.com
Nexus Systems, Inc.
(Falls Church, 1999)
$28M Series B Oct-2016 Mainsail Partners
cloudability.com
Cloudability
(Portland, 2011)
$24M Series B Jun-2016 Foundry Group
kyriba.com
Kyriba
(San Diego, 2000)
$23M Series D Sep-2016 Bpifrance, Daher Capital, HSBC Group

Company
Funding
Amount
Round
Name
Date Investors
tradeshift.com
Tradeshift
$20M Series D Feb-2016
avidxchange.com
AvidXchange
(Charlotte, 2000)
$18M Series B Nov-2016 Fifth Third Bancorp, Pivot Investment Partners
bench.co
Bench
(Vancouver, 2012)
$16M Series B May-2016 Bain Capital Ventures, Altos Ventures, Contour Venture Partners
waveapps.com
Wave Accounting
(Toronto, 2009)
$15M Series D Oct-2016 BDC Capital, Harbourvest Partners, Charles River Ventures, Social Capital
tipalti.com
Tipalti
(Palo Alto, 2010)
$14M Series B Sep-2016 SGVC
centage.com
Centage
(Natick, 2002)
$14M Series A Feb-2016 TVC Capital, Northgate
gocardless.com
GoCardless
(London, 2011)
$13M Series C Mar-2016 Notion Capital, Balderton Capital, Accel Partners, Passion Capital
karmiclabs.com
Karmic Labs
$12M Series B Sep-2016

Company
Funding
Amount
Round
Name
Date Investors
dazhangfang.com
Dazhangfang
(Beijing, 2014)
$12M Series A Mar-2016 Renren
promisepay.com
PromisePay
(Melbourne, 2013)
$10M Series A Jun-2016 carsales, Rampersand, Reinventure Group, Cultivation Capital
nexonia.com
Nexonia
(Toronto, 2002)
$10M Series B Feb-2016
nvoicepay.com
Nvoicepay
(Beaverton, 2009)
$10M Series B Oct-2016 Napier Park Global Capital
receipt-bank.com
Receipt Bank
(London, 2011)
$10M Series A Feb-2016 Kennet
streamlinksoftware.com
StreamLink Software
(Cleveland, 2008)
$10M Series A Jun-2016
First Analysis, North Coast Angel Fund, North Coast Venture Fund, Blu Venture
Investors, HPVP, Hyde Park Angels, Jumpstart, Silicon Valley Bank
travelbank.com
TravelBank
$10M Series A Oct-2016 NEA, Accel Partners
klipfolio.com
Klipfolio
(Ottawa, 2001)
$9M Series B Jan-2017
OMERS Ventures, Mistral Ventures, Boldstart Ventures, BDC Capital, Converge Venture
Partners

Company
Funding
Amount
Round
Name
Date Investors
bentoforbusiness.com
Bento
$7M Series A Jun-2016 Comcast Ventures, Anthemis Group, Blumberg Capital, Lionbird
procurify.com
Procurify
(Vancouver, 2011)
$7M Series A Nov-2016 Runa Capital, Point Nine Capital, Nexus Venture Partners, BDC Capital
waveapps.com
Wave Accounting
(Toronto, 2009)
$7M Series C Mar-2016 BDC Capital
satago.com
Satago
(London, 2012)
$7M Series A Jun-2016 ESF Capital
floqast.com
FloQast
(Los Angeles, 2013)
$7M Series A Mar-2016 Polaris Partners, Toba Capital, Amplify, Wavemaker Partners
fusebill.com
Fusebill
(Kanata, 2011)
$6M Series A Sep-2016 Scale-Up Venture Capital
payfit.com
Payfit
(Paris, 2015)
$6M Series A Oct-2016 Otium Capital, The Family, Kima Ventures
zervant.com
Zervant
(Espoo, 2010)
$5M Series A Aug-2016 Northzone, Conor Venture Partners

Funnel view of Sector
Percent of
Previous
33%
38%
52%
168
61
108
206
537
1638
0 360 720 1080 1440 1800
M&A & IPO
Late
Series B
Series A
Funded
Founded
Number of Companies

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
21

Most Active Investors in Sector
13
9 9 9
8 8
7 7
6 6
0
3
6
8
11
14
500 Startups Accel Partners Silicon
Valley Bank
Techstars Bain Capital
Ventures
Y Combinator Kima
Ventures
Salesforce FundersClub Redpoint
Ventures
TotalNumberofRounds
Cloudability Invoice2go Bill.com Cloudability Cortera Gusto esharesinc Apttus inDinero Zuora
inDinero MetraTech Tidemark Bench AvidXchange GoCardless PromisePay Anaplan Sourcery Tidemark

Where are Top Investors investing
500
Startups
Accel
Partners
Silicon
Valley Bank
Techstars
Bain Capital
Ventures
Y
Combinator
Kima
Ventures
Salesforce FundersClub
Redpoint
Ventures
Accounting
Solutions
Cloudability,
inDinero,
AuditFile
Invoice2go,
MetraTech,
Kds
Bill.com,
Intacct, Liquid
Engines
Cloudability,
Bench, Dopay
Cortera,
AvidXchange,
Aria
Gusto,
inDinero,
Abacus
Payfit,
ExpenseBot,
Make Leaps
Apttus,
FinancialForce,
Gusto
inDinero,
Sourcery,
Abacus
Zuora,
Justworks,
Expensify
Financial
Management
Trufa
Tidemark,
StreamLink
Software,
FiREapps
Cashforce,
Mentio
esharesinc,
Visible
Anaplan,
Adaptive
Insights
Leap Financial Tidemark
Accounting
Enablers
Billplz
GoCardless,
Chargebee
B2B Pay
iPay
Technologies
GoCardless,
Billforward
PromisePay

Top Investor by Stage of Entry
Bain Capital Ventures 5
Emergence Capital 4
Ribbit Capital 3
Shasta Ventures 3
Sigma Partners 3
Silicon Valley Bank 3
Accel Partners 2
Advanced Technology
Ventures
2
Apex Venture Partners 2
Arbor Ventures 2
Salesforce 5
Bain Capital Ventures 4
DCM Ventures 4
Greylock Partners 4
Advanced Technology
Ventures
3
Battery Ventures 3
Emergence Capital 3
Iconiq Capital 3
Meritech Capital 3
Redpoint Ventures 3
Seed Series A Series B Later Stage
Accel Partners 7
500 Startups 4
DCM Ventures 3
Polaris Partners 3
Ribbit Capital 3
Advanced Technology
Ventures
2
BDC Capital 2
Edison Partners 2
Emergence Capital 2
First Analysis 2
500 Startups 8
Y Combinator 8
Techstars 6
BDC Capital 4
Draper Associates 4
Startupbootcamp 4
Enterprise Ireland 3
FundersClub 3
High-Tech Grunderfonds 3
Kima Ventures 3

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
25

Top IPOs in last three years
IPO Date Company Overview
Funding
Amount
Mcap at IPO
Exch:Ticker
Oct-2016 coupa.com
Coupa
(San Mateo, 2006)
Cloud spend management software.
Mohr Davidow Ventures, Battery Ventures, Meritech Capital, Crosslink Capital,
BlueRun Ventures, T. Rowe Price, Iconiq Capital, Northgate, El Dorado Ventures, Icon
Ventures, Rally Ventures
$169M COUP
Mar-2016 cerillionskyline.com
Cerillion Skyline
(London, 1999)
Subscription billing, charging and CRM solution provider.
Baird Capital, Digital Capital
$9M CER
May-2015 myob.com
MYOB
(Glen Waverley, 1991)
Business management solutions provider.
Harbourvest Partners, Bain Capital
ASX:MYO
Dec-2014 wdesk.com
Workiva
(Ames, 2008)
Cloud based platform for risk, compliance, finance and audit
$53.84M WK
Mar-2014 promikbook.com
PromikBook
(Gothenburg, 2010)
Billing and bookkeeping software provider.
PB

Major Acquisitions in last one year
Date Company Acquirer Deal Size Overview
Total
Funding
Nov-2016 dinero.dk
Dinero
(Copenhagen, 2010)
visma.com Undisclosed
Cloud-based accounting platform for SMBs.
Nov-2016 reval.com
Reval
iongroup.com Undisclosed
Accounting and Risk Management Software
North Bridge Venture Partners, Commonwealth Capital Ventures,
North Bridge, Blue Cloud Ventures
$28M
Oct-2016 bankstream.co.uk
Bankstream
(London, 2013)
intuit..com Undisclosed
Provider of software for automatically providing financial transaction
data from banks.
Sep-2016 transcentra.com
TransCentra
(Norcross, 1991)
sourcehov.com Undisclosed
Multichannel billing and payment solutions provider.
SourceHOV, HandsOn Global Management
Sep-2016 vindicia.com
Vindicia
(Redwood City, 2003)
amdocs.com Undisclosed
SaaS subscription and recurring billing
ONSET Ventures, DCM Ventures, BDMI, FTV Capital, Leader Ventures
$41M
Sep-2016 runbook.com
Runbook
(Mount Arlington, 2004)
blackline.com null USD
Enhanced Financial Controls and Automation Platform
PPM Oost
Aug-2016 kds.com
Kds
(Issy-les-moulineaux,
1994)
amexglobalbusiness
travel.com
null USD
Tourism Industry Software
Accel Partners, Atlas Venture, Cross Continental Ventures
$13.3M
Aug-2016 tesch-gruppe.com
Tesch Inkasso GmbH
(Wiehl, 1985)
gfkl.com null USD
Receivables Management Firm
Avedon Capital Partners

Major Acquisitions in last one year
Date Company Acquirer Deal Size Overview
Total
Funding
Jul-2016 galliumtechnologies.com
Gallium Technologies
(Richmond, 2009)
Ansoniacredit
data.com
null USD
Provider of software to automate credit collections.
$2.71M
Jul-2016 prevero.com
prevero
(Munich, 1994)
unit4.com null USD
Corporate Finance Management
BayBG
Jun-2016 disclosurenet.com
DisclosureNet
(Toronto, 2002)
certent.com null USD
Disclosure Management Solution
BEST Funds, RoyNat Capital
$10M
Jun-2016 preferredreturn.com
Preferred Return
gust.com undisclosed
Cap Table management software.
Jun-2016 e-conomic.com
e-conomic
(Copenhagen, 2001)
teamsystem.com undisclosed
Cloud-based accounting software for small and medium businesses.
Jun-2016 sharewave.com
Gust Equity
Management
gust.com Undisclosed
Cap table management software for private companies
Draper Richards, Allegis Capital, Thomvest Ventures, Kita Capital,
Divergent Ventures, KLM Capital Group
$2M
Jun-2016 invoicewareint.com
Invoiceware
International
(Marietta, 2008)
sovos.com Undisclosed
Tax compliance solution for invoicing and fiscal reporting.
May-2016 k12enterprise.com
K12 Enterprise
(Towson, 2009)
jitasa.is Undisclosed
K12 Financial Management Software
$3M

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
29

1680+ companies in the sector, 332 funded in last 5 years, $1.3B invested in 2016/17
Most Active Investors: Accel Partners, Silicon Valley Bank, Bain Capital Ventures
Practice Area – FinTech | Analysts: @GautamJagan Cumulative funding in the sector
February 2017Tracxn BlueBox : Finance & Accounting
FINANCIAL MANAGEMENT
Commerce Sync (2005, $50.4M)
ACCOUNTING ENABLERS
SUITE
Anaplan (2006, $240M)
BUDGETING & FORECASTING
Centage (2002, $23M)
BUSINESS INTELLIGENCE
Klipfolio (2001, $19.4M)
TREASURY MANAGEMENT
Kyriba (2000, $113.5M)
EQUITY ADMINISTRATION
Certent (2002, $36M)
B2B PAYMENTS
Escrow (1999, $30M)
DATA DIGITIZATION
CommerceSync (2005, $50M)
SUBSCRIPTION BILLING
Vindicia (2003, $41M)
COLLABORATION SOFTWARE
GetSqrl (2013, $550K)
$1.1B
$324M
ACCOUNTING SOLUTIONS
ACCOUNTING SUITE
Intuit (1983, IPO)
PAYROLL MANAGEMENT QUOTE-TO-CASH
Gusto (2011, $176M) Apttus (2006, $274M)
BOOKKEEPING
Bench (2012, $33M)
INVOICE MANAGEMENT
AvidXchange (2000, $258M)
PROCURE-TO-PAY
Tradeshift (2009, $266M)
EXPENSE MANAGEMENT
ItzCash (2006, $51M)
TAXATION
Avalara (2004, $311M)
ACCOUNT RECONCILIATION
Blackline (2001, IPO)
AUDITING
Capital Confirmation (2000, $63M)
REGULATORY REPORTING
Workiva (2008, $54M)
$6.0B
31

Top Business Models by Funding
$6.1B
$1.0B
$0.3B
0.0
1.4
2.8
4.2
5.6
7.0
Accounting Solutions Financial Management Accounting Enablers
TotalFundingAmount(inBillions)
Avg. Age Sep-07 Sep-06 Feb-09
# Cos. 1201 251 186
Cortera Anaplan Commerce Sync
Avalara Adaptive Insights Vindicia

Accounting Solutions – Business Model
Description
Invoice Management Accounting Suite Expense Management Taxation Bookkeeping
Provides invoicing,
expense management,
account reconciliation,
auditing, payroll,
taxation and reporting
solutions
Offer expense
management solutions
including reporting and
spend analytics
Delivers an array of
compliance and filing
solutions related to sales
tax and other
transactional taxes
Companies tracking and
recording every
transaction of a
business.
Offers automated
invoice management
solutions with online
payments.

Accounting Solutions – Entrepreneur Activity and
Investment Trend
$398M
$198M
$497M
$380M $448M
$1.2B
$777M
$1.8B
$1.0B
17
40 41
48
58
58
96
111
105
0
24
48
72
96
120
0
400
800
1200
1600
2000
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
YoY – Total Funding and No. of Rounds
56
70
62
76
87
112
139
156
57
0
36
72
108
144
180
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofCompaniesFounded
YoY – No. of Companies Founded
436
130 115
45 42 37 34 33
0
100
200
300
400
500
United
States
India United
Kingdom
Canada Australia Netherlands Germany Sweden
NumberofCompanies
Distribution of Companies across Countries
$1.9B
$929M $856M $817M
$419M $400M
237
132
36
51
54 50
0
50
100
150
200
250
0
500
1000
1500
2000
2500
Invoice
Management
Accounting
Suite
Quote
-to-cash
Procure
-to-pay
Taxation Payroll
Management
NumberofCompanies
BM wise Investment

Accounting Solutions – Most Funded Companies
Company Overview Business Model
Funding
Amount
ecredit.com
Cortera
(1993, Boca Raton)
Credit scoring and Collection automation solution provider (formerly known as eCredit)
SAP, Bain Capital Ventures, J.P. Morgan, Citi, Battery Ventures, Trident Capital, Draper Richards, Apex Venture
Partners, FTV Capital, Internet Capital Group, North Hill Ventures, Sterling Partners, Actua, Vertex Ventures
Accounting Solutions >
Invoice Management >
Receivables > Collections
$482M
avalara.com
Avalara
(2004, Bainbridge Island)
Cloud-based Taxation Service
Battery Ventures, Technology Crossover Ventures, Warburg Pincus, Arthur Ventures, Sageview Capital,
Benaroya Companies
Taxation > Tax Software
$311.12M
apttus.com
Apttus
(2006, San Mateo)
CRM SaaS Pricing, Quoting, and Contracts
Salesforce, Iconiq Capital, K1 Investment Management, Kuwait Investment Authority, Gulf Islamic Investments
Quote-to-cash
$274M
tradeshift.com
Tradeshift
(2009, San Francisco)
Collaboration, electronic invoicing and dynamic discounting solution
PayPal, American Express, HSBC Group, Intuit, Data Collective, e.ventures, ruNet, Recruit Strategic Partners,
Notion Capital, Kite Ventures, CreditEase, Morten Lund, Santander InnoVentures, Pavilion Capital Partners
Procure-to-pay
$ 265.77M
avidxchange.com
AvidXchange
(2000, Charlotte)
Online bill-pay for business
Foundry Group, Bain Capital Ventures, QED Investors, Harbourvest Partners, KeyBank, Fifth Third Bancorp,
Boathouse Capital, Square 1 Bank, Piedmont Angel Network, Nyca Partners, Pivot Investment Partners, CT
Communications
Payables
$257.95M
workday.com
Workday
(2005, Pleasanton)
Human Resources and Financial Management Suite.
Greylock Partners, Morgan Stanley, NEA, InterWest Partners, T. Rowe Price, Bezos Expeditions, Janus
Accounting Suite >
Enterprise
$252.64M
zuora.com
Zuora
(2007, Foster City)
Subscription billing and management
Greylock Partners, Redpoint Ventures, Index Ventures, Next World Capital, Benchmark Capital, Vulcan, Shasta
Ventures, DAG Ventures, Webb Investment Network, BlackRock, Tenaya Capital, Passport Capital, Northgate,
Wellington Management
Quote-to-cash
$250M
blackline.com
BlackLine
(2001, Woodland Hills)
Account Reconciliation Software
Silver Lake, Iconiq Capital
Account Reconciliation
$220M

Financial Management – Business Model
Description
Offers various financial planning tools for valuation, forecasting and other corporate performance indicators.
Budgeting & Forecasting Treasury Management Business Intelligence Equity Administration Suite
Companies managing a
firm's liquidity and
mitigating its
operational, financial
and reputational risk.
Companies providing
analytics software for
effective reporting and
performance
management.
Companies that
integrate with existing
accounting software to
automatically create
budgets and forecasts.

Financial Management – Entrepreneur Activity
and Investment Trend
$41M
$347M
$34M
$11M
$86M
$145M
$236M
$167M $188M
8
11
7
9
14
17
20
22 23
0
5
10
15
20
25
0
80
160
240
320
400
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
7
12
19
11
26
18
24 23
15
0
6
12
18
24
30
2008 2009 2010 2011 2012 2013 2014 2015 2016
115
26
18
11 11 7 5 5
0
28
56
84
112
140
United
States
United
Kingdom
Australia Canada Germany France Ireland New
Zealand
NumberofCompanies
$575M
$173M $171M
$76M
$38M
$14M
36
49
39
28
18
4
0
12
24
36
48
60
0
140
280
420
560
700
Suite Budgeting &
Forecasting
Treasury
Management
Equity
Administration
Business
Intelligence
Grant
Management
NumberofCompanies
BM wise Investment

Financial Management – Most Funded Companies
Funding
Amount
anaplan.com
Anaplan
SaaS Corporate Performance Management Platform
Salesforce, Shasta Ventures, Meritech Capital, DFJ Growth, Coatue, Harmony Partners,
Granite Ventures, Workday, Baillie Gifford, Sands Capital, VinaCapital, Premji Invest,
Founders Circle, Founders Circle, Brookside Capital
Financial Management >
Suite
$240M
adaptiveinsights.com
Adaptive Insights
(2003, Palo Alto)
SaaS Corporate Finance Management
Salesforce, Bessemer Venture Partners, Norwest Venture Partners, ONSET Ventures, Relay
Ventures, JMI Equity Fund, Cardinal Venture Capital, Monitor Ventures, RBC, INFORMATION
Suite
$176.3 M
kyriba.com
Kyriba
(2000, San Diego)
Treasury automation and risk management
American Express, HSBC Group, Upfront Ventures, Iris Capital, Daher Capital, Bpifrance,
Mitsubishi UFJ Capital, BRED Banque Populaire, Coface, Mangrove Capital Partners
Treasury Management
$113.51M
tidemark.com
Tidemark
(2010, Redwood City)
SaaS Corporate Performance Management
Greylock Partners, Redpoint Ventures, Andreessen Horowitz, Silicon Valley Bank, Tenaya
Capital, Workday, Marlin Equity Partners
Budgeting & Forecasting
$105.3M
hostanalytics.com
Host Analytics
Cloud Enterprise Performance Management
Next World Capital, Eastward Capital Partners, StarVest Partners, Trident Capital, Advanced
Technology Ventures, Cultivation Capital, Centerview Capital
Suite
$88.65M
venasolutions.com
Vena Solutions
(2011, Toronto)
Corporate Performance Management
Difference Capital, Montage Capital, Klass, Partners for Growth, Centana Growth
Suite
$36M
certent.com
Certent
(2002, Pleasanton)
Equity compensation and financial compliance software provider.
Bridge Bank
Equity Administration
$35.93M
arcplan.com
arcplan
(1993, Wayne)
Corporate Performance Management
ViewPoint Capital Partners, Marlin Equity Partners
Suite
$34.01M

Accounting Enablers – Business Model Description
Offers solutions like bookkeeping reminder automation and accounting data standerdization
Subscription Billing B2B Payments Data Digitization Collaboration Software Plug-ins
Companies providing
software or service to
digitize paper-based
invoices.
Companies providing
software that help
accountants and their
clients to collaborate
and share financial
documents.

Accounting Enablers – Entrepreneur Activity and
Investment Trend
$32M
$29M
$24M
$29M
$17M
$10M
$39M
$14M
$48M
4
6
3
7
17
14
14
14
11
0
4
7
11
14
18
0
10
20
30
40
50
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
6
10
16
20
16
24
19 19
8
0
6
12
18
24
30
2008 2009 2010 2011 2012 2013 2014 2015 2016
68
17 15 13 10 9 8 6
0
16
32
48
64
80
United
States
Australia India Germany United
Kingdom
Netherlands Canada Ireland
NumberofCompanies
$122M
$109M
$88M
$5M
60
30 31
5
0
14
28
42
56
70
0
28
56
84
112
140
Subscription
Billing
Data
Digitization
B2B
Payments
Collaboration
Software
NumberofCompanies
BM wise Investment

Accounting Enablers – Most Funded Companies
Funding
Amount
commercesync.com
Commerce Sync
(2005, Denver)
Accounting software to keep track of financial health of the business
Intel Capital, Venrock, Appian Ventures, Meritage Funds, TTV Capital, Augury
Capital Partners, Iron Gate Capital, Camp One Ventures, Service Provider Capital,
First Data Merchant Services Corporation
Accounting Enablers > Data
Digitization
$50.4M
vindicia.com
Vindicia
SaaS subscription and recurring billing
ONSET Ventures, DCM Ventures, BDMI, FTV Capital, Leader Ventures
Accounting Enablers >
Subscription Billing
$41M
escrow.com
Escrow.com
(1999, Rancho Santa Margarita)
Licensed escrow service provider.
SoftBank, PCCW, VerticalNet, madisononline.com
Accounting Enablers > B2B
Payments > Escrow Services
$30M
gocardless.com
GoCardless
(2011, London)
Online payments solutions for recurring payments
Y Combinator, Accel Partners, SV Angel, Balderton Capital, Notion Capital, ACE and
Company, Passion Capital, Hoxton Ventures, BGF Ventures
$25M
recurly.com
Recurly
Subscription Billing Automation
Greycroft Partners, Polaris Partners, Harrison Metal, e.ventures, Freestyle Capital,
Infinity Ventures, F-Prime Capital Partners
$19.6M
traxpay.com
Traxpay
(2009, Frankfurt Am Main)
A B2B Payment Platform
Earlybird, Software AG, Apax Partners, Commerzbank
Payments > Automation
$19M
neat.com
The Neat Company
(2002, Philadelphia)
Digital Filing System for small businesses
Edison Partners, MentorTech Ventures, Ben Franklin Technology Partners of
Southeastern Pennsylvania
Digitization
$16.7M
gruntworx.com
GruntWorx
(2005, Hampton)
Paperless Tax Workflow Solution
Commonwealth Capital Ventures, Pilot House Ventures
Digitization
$16.2M

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
42

Interesting Seed Companies
Curated list of companies by the sector analyst are defined as Interesting
Total
Funding
payable.com
Payable
Billing Solution for Gig-Economy
Redpoint Ventures, General Catalyst Partners, Rothenberg Ventures, Freestyle
Capital, Hay Stack, Moment Ventures, Sherpa Ventures, Lerer Hippeau Ventures
$2.1M
wagepoint.com
Wagepoint
(2012, Kitchener)
SaaS payroll application for SMBs
Atlantic, Cardinal Bank, EVP
$2M
chartmogul.com
ChartMogul
(2014, Berlin)
Recurring Revenue Analytics for Subscription Businesses
Point Nine Capital, RTAventures
Financial Management > Business
Intelligence
$1.5M
symend.com
Symend
(2016, Calgary)
Cloud-based solutions for debt recovery.
Collections
$1M
paytango.com
PayTango
(2012, Mountain View)
Invoicing platform
Y Combinator, Andreessen Horowitz
Management > Receivables
$700K
mrshoebox.com
Mr. Shoebox
(2010, Stockholm)
Marketplace for businesses to choose offline accountants for accounting services.
Collector, NFT Ventures
Suite > Tech-enabled Services
$686.9K
happay.in
Happay
(2012, Bangalore)
Web/mobile based business expense management solution
TLabs, Prime Venture Partners
Management > Expense Cards
$520K
salarium.com
Salarium
(2013, Manila)
Cloud based payroll management
Seedstars World, Future Now Ventures
$500K

Interesting Seed Companies
Total
Funding
visagepayroll.com
Visage Payroll
(2014, Dallas)
Free full service payroll for small businesses and startups
Stage 1 Ventures
$500K
plooto.co
Plooto
(2015, Toronto)
B2B payment software
Real Ventures

Interesting Series A Companies
Total
Funding
commercesync.com
Commerce Sync
(2005, Denver)
Accounting software to keep track of financial health of the business
Intel Capital, Venrock, Appian Ventures, Meritage Funds, TTV Capital, Augury
Capital Partners, Iron Gate Capital, Camp One Ventures, Service Provider Capital,
First Data Merchant Services Corporation
Digitization
$50.4M
tsheets.com
TSheets
(2006, Eagle)
Time Tracking Software
Summit Partners
Management > Receivables > Time
Tracking
$15M
receipt-bank.com
Receipt Bank
(2011, London)
Invoice data extraction software.
Kennet
Digitization
$15M
procurify.com
Procurify
(2011, Vancouver)
Procure-to-Pay Automation for SMBs
Nexus Venture Partners, GrowLab, Point Nine Capital, BDC Capital, Runa Capital,
HIGHLINE
Accounting Solutions > Procure-to-
pay
$12.6M
travelbank.com
TravelBank
Cloud-based expense management Android and iOS app for SMBs
Accel Partners, NEA
Software
$10M
canopytax.com
Canopy
(2014, Lehi)
Tax resolution and practice management software provider for tax professionals.
NEA, EPIC Ventures, Deep Fork Capital
Accounting Solutions > Taxation >
Tax Software
$10M
xpenditure.com
Xpenditure
(2011, Mechelen)
Expense Management Software
Software
$8.7M
zervant.com
Zervant
(2010, Espoo)
Invoicing and time tracking for SMBs
Northzone, Conor Venture Partners, Tekes
$8.66M

Interesting Series A Companies
Total
Funding
floqast.com
FloQast
(2013, Los Angeles)
SaaS month end Account Management for SMBs
Toba Capital, Polaris Partners, Amplify, Siemer and Associates, Wavemaker
Partners
Accounting Solutions > Account
Reconciliation
$7.85M
aplos.com
Aplos
(2009, California)
Accounting Software for Non-profits
San Joaquin Capital
Suite > Non-Profit
$7.4M
exactor.com
Exactor
(2006, Philadelphia)
Cloud-based sales tax compliance software.
Accounting Solutions > Taxation $3.3M
galliumtechnologies.com
Gallium Technologies
(2009, Richmond)
Provider of software to automate credit collections.
Collections
$2.71M
virteo.com
Virteo
(2013, Heverlee)
Cloud-based platform for credit collection and debt recovery.
Ark Angels Activator Fund NV (AAAF), PMV, Sherpa Invest
Collections
$2.36M
nordkap.se
Nordkap
(2012, Stockholm)
Cloud-based treasury platform for pricing debt investments.
NFT Ventures
Financial Management > Treasury
Management
jurnal.id
Jurnal
(2014, Jakarta)
Cloud based accounting for SMEs
Fenox Venture Capital, East Ventures
Bookkeeping

Interesting Series B Companies
Total
Funding
avidxchange.com
AvidXchange
(2000, Charlotte)
Online bill-pay for business
Foundry Group, Bain Capital Ventures, QED Investors, Harbourvest Partners, KeyBank,
Fifth Third Bancorp, Boathouse Capital, Square 1 Bank, Piedmont Angel Network, Nyca
Partners, Pivot Investment Partners, CT Communications
Management > Payables
$257.95M
cloudpay.net
CloudPay
(1996, Raleigh)
SaaS Payroll software and services
Rho Capital Partners
$46M
cloudability.com
Cloudability
(2011, Portland)
Financial Management Tool for the Cloud
First Round Capital, 500 Startups, Foundry Group, Trinity Ventures, Techstars, Data
Collective, Walden Venture Capital, SK Ventures, Peninsula Ventures, PIE,
Wieden+Kennedy
Software
$44.03M
gongziqianbao.com
Gongziqianbao
(2015, Shanghai)
Online wallet and payroll management application
SBCVC
$30M
tipalti.com
Tipalti
(2010, Palo Alto)
Automated online mass payment system and account payable platform.
SGVC
Management > Payables
$27M
karmiclabs.com
Karmic Labs
Saas to manage cash flow and expenses for a business
Greycroft Partners, Correlation Ventures, RPM Ventures, Greycroft Partners, Alsop Louie
Partners, New Ground Ventures, Camp One Ventures, Draper Associates, LaunchCapital
Management > Expense Cards
$19.88M
traxpay.com
Traxpay
(2009, Frankfurt Am Main)
A B2B Payment Platform
Earlybird, Software AG, Apax Partners, Commerzbank
Accounting Enablers > B2B Payments
> Automation
$19M
nexonia.com
Nexonia
(2002, Toronto)
Software provider for accounting modules like expenses, accounts payable.
Software
$14.2M

Interesting Series B Companies
Total
Funding
paymate.in
PayMate
(2006, Mumbai)
B2B Payments platform
Mayfield, KPCB, Sherpalo Ventures, Lightbox Ventures
$14M
avangate.com
Avangate
(2006, Redwood Shores)
eCommerce and channel sales management solution provider
Francisco Partners, 3TS Capital Partners, GECAD
$7.5M
chargebee.com
Chargebee
(2011, Chennai)
Managed subscription billing service for SaaS
Accel Partners, Tiger Global Management
$6.17M

Interesting Late Stage Companies
Total
Funding
avalara.com
Avalara
(2004, Bainbridge Island)
Cloud-based Taxation Service
Battery Ventures, Technology Crossover Ventures, Warburg Pincus, Arthur Ventures, Sageview Capital, Benaroya
Companies
Taxation > Tax Software
$311.12M
apttus.com
Apttus
(2006, San Mateo)
CRM SaaS Pricing, Quoting, and Contracts
Salesforce, Iconiq Capital, K1 Investment Management, Kuwait Investment Authority, Gulf Islamic Investments
Quote-to-cash
$274M
tradeshift.com
Tradeshift
Collaboration, electronic invoicing and dynamic discounting solution
PayPal, American Express, HSBC Group, Intuit, Data Collective, e.ventures, ruNet, Recruit Strategic Partners, Notion
Capital, Kite Ventures, CreditEase, Morten Lund, Santander InnoVentures, Pavilion Capital Partners
Procure-to-pay
$ 265.77M
zuora.com
Zuora
(2007, Foster City)
Subscription billing and management
Greylock Partners, Redpoint Ventures, Index Ventures, Next World Capital, Benchmark Capital, Vulcan, Shasta
Ventures, DAG Ventures, Webb Investment Network, BlackRock, Tenaya Capital, Passport Capital, Northgate,
Wellington Management
Quote-to-cash
$250M
anaplan.com
Anaplan
SaaS Corporate Performance Management Platform
Salesforce, Shasta Ventures, Meritech Capital, DFJ Growth, Coatue, Harmony Partners, Granite Ventures, Workday,
Baillie Gifford, Sands Capital, VinaCapital, Premji Invest, Founders Circle, Founders Circle, Brookside Capital
Suite
$240M
financialforce.com
FinancialForce
Cloud ERP solutions provider
Salesforce, Advent International, Technology Crossover Ventures, MaRS IAF
Accounting Suite > SMB
$193.94M
adaptiveinsights.com
Adaptive Insights
(2003, Palo Alto)
SaaS Corporate Finance Management
Salesforce, Bessemer Venture Partners, Norwest Venture Partners, ONSET Ventures, Relay Ventures, JMI Equity
Fund, Cardinal Venture Capital, Monitor Ventures, RBC, INFORMATION
Suite
$176.3 M
gusto.com
Gusto
SaaS Payroll Management and Health Plan services
Y Combinator, Salesforce, Emergence Capital, KPCB, General Catalyst Partners, GV, Sherpalo Ventures, Glynn
Capital, Data Collective, Western Technology Investment, Rothenberg Ventures, Ribbit Capital, Obvious Ventures,
Entree Capital, Homebrew, CapitalG, Designer Fund, Y Ventures, Aspect Ventures, Pivot Investment Partners, Cota
Capital, CSC Venture Capital, Pear Ventures
Payroll Management >
Payroll Software
$176.1M

Total
Funding
bill.com
Bill.com
(2006, Palo Alto)
Provider of cloud-based payables and receivables payment solutions.
American Express, Bank of America, Emergence Capital, Silicon Valley Bank, Scale Venture Partners,
August Capital, Jafco Ventures, DCM Ventures, Commerce Ventures, TTV Capital, Napier Park Global
Capital, Fifth Third Bancorp, West Capital, Icon Ventures
Management > Payables &
Receivables
$159.1M
taulia.com
Taulia
Electronic invoicing and dynamic discounting solution.
Trinity Ventures, TELUS, Matrix Partners, DAG Ventures, Lakestar, Questmark Partners, Ulu Ventures,
EDBI, Zouk Capital, The Angelsâ€™ Forum (TAF), BBVA Ventures, Propel Venture Partners
Management > Dynamic
Discounting
$137.46M
paysimple.com
PaySimple
(2006, Denver)
Online Payment and Invoicing for small business
Susquehanna Growth Equity, Providence Equity Partners, Escalate Capital, Aurionpro, Costella Kirsch
$137.29M
ariasystems.com
Aria
Subscription Billing & Management Software
VMware, Rembrandt Venture Partners, Bain Capital Ventures, Tugboat Ventures, Venrock, InterWest
Partners, HTGC, Hummer Winblad Venture Partners, Madison Bay Capital Partners
Accounting Solutions > Quote-
to-cash
$126.78M
chromeriver.com
Chrome River
(2007, Los Angeles)
SaaS Expense Reporting & Invoice Management
Bain Capital Ventures, Adams Street Partners, Great Hill Partners, First Analysis, Argentum Group
Accounting Solutions > Procure-
to-pay
$120M
kyriba.com
Kyriba
(2000, San Diego)
Treasury automation and risk management
American Express, HSBC Group, Upfront Ventures, Iris Capital, Daher Capital, Bpifrance, Mitsubishi UFJ
Capital, BRED Banque Populaire, Coface, Mangrove Capital Partners
Treasury Management
$113.51M
tidemark.com
Tidemark
Greylock Partners, Redpoint Ventures, Andreessen Horowitz, Silicon Valley Bank, Tenaya Capital,
Workday, Marlin Equity Partners
$105.3M
c2fo.com
C2FO
(2008, Fairway)
Provides platform for cash flow optimization between business and suppliers
Union Square Ventures, Tiger Global Management, Citi, Temasek, Summerhill Venture Partners,
OpenAir Equity Partners, Vformation, Iron Mountain, Juvo Capital, Mithril
Management > Dynamic
Discounting
$97.7M

Total
Funding
hostanalytics.com
Host Analytics
Cloud Enterprise Performance Management
Next World Capital, Eastward Capital Partners, StarVest Partners, Trident Capital, Advanced
Technology Ventures, Cultivation Capital, Centerview Capital
Suite
$88.65M
transactis.com
Transactis
(2001, New York City)
White label for bill payments
Capital One, Metamorphic Ventures, Wells Fargo, ff Venture Capital, StarVest Partners, Safeguard
Scientifics, Fifth Third Bancorp, New York Angels, Alpine Meridian, PNC Financial Services Group,
Harland Financial Solutions, TD Bank
Receivables
$66.7M
waveapps.com
Wave Accounting
(2009, Toronto)
SaaS Accounting for SMBs and personal finance management.
Charles River Ventures, OurCrowd, Harbourvest Partners, BDC Capital, OMERS Ventures, Feddev
Ontario, Inkef Capital, Social Capital
$62.3M
freee.co.jp
freee
(2012, Minato)
Automated cloud accounting and payroll software.
e.ventures, DCM Ventures, Recruit Strategic Partners, Infinity Ventures, SBI Investment, Recruit
Holdings, Pavilion Capital Partners
$54.8M
justworks.com
Justworks
Online payroll and benefits platform
Redpoint Ventures, Index Ventures, Bain Capital Ventures, Thrive Capital, Bain Capital, Daring
Journey Ventures
Payroll Management >
Payroll Software
$53M
itzcash.com
ItzCash
(2006, Mumbai)
Multi Purpose Prepaid Cash Card
Lightspeed Venture Partners, Matrix Partners India, Intel Capital
Expense Management >
Expense Cards
$50.6M
2go.com
Invoice2go
(2002, Sydney)
Invoice App
Accel Partners, Ribbit Capital
Receivables
$50M
gocardless.com
GoCardless
(2011, London)
Online payments solutions for recurring payments
Y Combinator, Accel Partners, SV Angel, Balderton Capital, Notion Capital, ACE and Company,
Passion Capital, Hoxton Ventures, BGF Ventures
$25M

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
52

Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Large Upcoming Sectors Entrepreneur Activity Link
Niche Upcoming Sectors Entrepreneur Activity Link
Top investments in last one year Investment Trend Link
Top IPOs in last three years Exit Outlook - IPO, Acquisitions Link
Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link
Accounting Suite – Most Funded Companies Sub Sector Understand Link
Payroll Management – Most Funded companies Sub Sector Understand Link
Invoice Management – Most Funded Companies Sub Sector Understand Link
Financial Management – Most Funded Companies Sub Sector Understand Link
Quote-to-cash – Most Funded companies Sub Sector Understand Link
Top Funded Deadpooled Companies Companies Link

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
55

Finance & Accounting – Company List
Accounting Solutions Financial Management Accounting Enablers
537 FUNDED COMPANIES AND 1101 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS

Accounting Solutions (1/151)
Company Overview Business Model Total Funding
BlackLine
(2001, Woodland Hills)
Account Reconciliation Software
Silver Lake, Iconiq Capital Account Reconciliation $220M
FloQast
(2013, Los Angeles)
SaaS month end Account Management for SMBs
Toba Capital, Polaris Partners, Amplify, Siemer and Associates,
Wavemaker Partners
Account Reconciliation $7.85M
Pazien
(2013, Newton)
Payments data aggregation with actionable insights.
Account Reconciliation $3M
SkyStem
Start-Up Chile Account Reconciliation $40k
Checkit
(2015, Madrid)
Account reconciliation software.
Concil
(1993, Sao Paulo)
Account reconciliation software
Sembro Development
(2013, Charlotte)
Bitcoin accounting software.
RecWise
(2000, Adelaide)
Account reconciliation software provider.
Go to BM List >>
Financial
Management

Treasury Software
(1999, Richmond)
ACH file creation software, Positive Pay and bank reconciliation
software provider. Account Reconciliation
Cashbook
(1992, Limerick)
Cash management software provider.
Adra
(1989, Oslo)
Account reconciliation solution provider.
Duco
(2010, London)
SAAS reconciliation solution for financial services firms
Euclid Opportunities, Illuminate Financial Account Reconciliation
ProfitModeler
Financial Planning and Analytics for Business.
Runbook
(2004, Mount Arlington)
Enhanced Financial Controls and Automation Platform
PPM Oost Account Reconciliation
AUTOREK
(1994, Glasgow)
Reconciliations and financial controls software
SkyStem
Reconciliation Software
Go to BM List >>
Financial
Management

Chesapeake System Solutions
(1993, Birmingham)
Financial solutions software and services provider
Trintech
(2000, Addison)
Financial solutions for the Record-to-Report process
Spectrum Equity, Vista Equity Partners, Endeavour Vision Account Reconciliation
ReconArt Software
(2008, Alexandria)
Reconciliation Solution
Adra
(1989, Oslo)
Software for the Financial Close Process
Pod Investment Account Reconciliation
Simple Accounting
(2013, Singapore)
Provides software for enterprise solution
Accounting Suite
Iris Software
(1979, Datchet)
Business software for accounting and payroll sectors using 3rd party
software.
LDC
Accounting Suite
Workday
(2005, Pleasanton)
Human Resources and Financial Management Suite.
Greylock Partners, Morgan Stanley, NEA, InterWest Partners, T. Rowe
Price, Bezos Expeditions, Janus
Accounting Suite > Enterprise $252.64M
PowerPlan
(1994, Atlanta)
Asset accounting, tax and budgeting solutions
JMI Management, TPG, FS Investors Accounting Suite > Enterprise $110M
Go to BM List >>
Financial
Management

Go to BM List >>
Financial
Management

Financial Management (1/32)
Viareport
(2005, Paris)
Provider of financial software for financial consolidation, management
reporting and budgeting.
IDF Capital
$1.33M
Improve Working Capital
(2014, London)
Provider of cloud-based working capital management platform;
Tidemark
Greylock Partners, Redpoint Ventures, Andreessen Horowitz, Silicon
Valley Bank, Tenaya Capital, Workday, Marlin Equity Partners
Budgeting & Forecasting $105.3M
Centage
(2002, Natick)
Budgeting and planning software solutions for small to medium sized
businesses.
Northgate, TVC Capital, Massachusetts Growth Capital Corporation
(MCGG)
Jedox
(2002, Freiburg)
Open source Self-service BI and Corporate Performance Management
eCAPITAL Budgeting & Forecasting $15.59M
Finagraph
(2010, Mercer Island)
Business Intelligence Tool for understanding the financial position of
small businesses
Moody
Spotlight Reporting
(2011, Wellington)
Performance reporting software for accountants and SMBs.
NZVIF Budgeting & Forecasting $7M
XLerant
(2008, Stamford)
Provider of cloud-based budgeting, forecasting and reporting solutions.
Connecticut Innovations, Chrysalis Ventures Budgeting & Forecasting $5.39M
Accounting
Solutions
<< Go to BM List >>
Accounting
Enablers

K12 Enterprise
(2009, Towson)
K12 Financial Management Software
Budgeting & Forecasting $3M
60mo
(2009, Edinburgh)
Business Finance & Forecasting Software
Lightbank Budgeting & Forecasting $1.2M
Cashforce
Cash management & forecasting platform
Techstars, Barclays Accelerator, Volta Ventures, Pamica Budgeting & Forecasting $1.09M
Decision Curve
(1996, Barcelona)
License-based financial forecasting applications.
Merseyside Special Investment Fund Budgeting & Forecasting $1.08M
Synapse Information
(2012, Birmingham)
Cloud-based corporate performance management software provider.
HSBC Group, Coventry, Finance Birmingham, Innovate UK Budgeting & Forecasting $773.62k
Asteria
(2015, Stockholm)
Automated invoice advisory and cash flow optimization solution based
on account receivables.
Nordea
Budgeting & Forecasting $718.2k
Fraxion
(2001, Cape Town)
Budgeting and Forecasting Software
Venfin Budgeting & Forecasting $457k
getconfer
(2009, Chicago)
Enterprise Communication
Budgeting & Forecasting $400k
Accounting
Solutions
<< Go to BM List >>
Accounting
Enablers

The Float Yard Ltd CodeBase
(2010, Edinburgh)
Float - Real time Financial Forecasting
Wychwood Capital Partners S.A. R.L. Budgeting & Forecasting $169k
Mentio
(2014, Vancouver)
Financial intelligence platform for small-sized businesses
Techstars Budgeting & Forecasting $110k
Profitbase
(1991, Sandnes)
BI Corporate Performance Management Solution
ProfitSee
(2008, Chanhassen)
Financial Analysis and Forecasting Software
Budgeting & Forecasting $80.5k
Opstarts
Budgeting and forecasting solution provider for subscription
businesses.
Foundry Group, Zelkova Ventures, V1.VC
Edge Forecast
(2010, Bath)
Provider of spreadsheet applications for forecasting.
Crowdcube Budgeting & Forecasting $17.87k
Finaly
(2013, Sint-niklaas)
Forecasting tool.
Sapphire Innovation
(2013, Zug)
SaaS platform for working capital optimisation and cash flow
forecasting Budgeting & Forecasting
Accounting
Solutions
<< Go to BM List >>
Accounting
Enablers

Accounting
Solutions
<< Go to BM List >>
Accounting
Enablers

Tracxn Research - Finance & Accounting Landscape, February 2017

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Tracxn Research - Finance & Accounting Landscape, February 2017