ScaleFactor Closes $60M Series C Funding

Funding Rounds

▤ Summary

ScaleFactor, an Austin, Texas-based intelligent finance and automated accounting platform, raised $60m in Series C funding. Prior investors include Citi Ventures, Flyover Capital and others. The company intends to use the funds to expand its ‘business OS’ capabilities and offer new solutions to SMBs. Led by Kurt Rathmann, founder and CEO, ScaleFactor provides an online software platform that allows small- and mid-size businesses (SMB) to streamline and automate back-office tasks for bookkeeping, payroll and other financial and business processes. In the coming year, the company plans to offer financial resources to SMBs.

$ Funding

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Amount $100.0M Total raised
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Date August 8, 2019 Announcement date
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Investors - Lead investors
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Company scalefactor.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

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