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Bench Raises $60 Million Usd Series C And Expands Beyond Accounting With Launch Of Bench Banking

PRIVATEJun 03, 2021•almost 5 years ago

Amount Raised

$60 Million

Round Type

series c

Vancouver

Description

Bench, America’s largest bookkeeping service for small businesses, announced today that it raised $60 million USD in Series C financing led by Contour Venture Partners. The raise more than doubles Bench’s total funding to over $100M, and was supported by existing investors Altos Ventures, iNovia Capital, and BMO T&I, and new investors including Sage and Shopify.

Company Information

Company

Bench

Location

Vancouver, Washington, United States

About

Bench is a nine-year-old fintech company that runs the finances for entrepreneurs so they can focus on their businesses. Pairing its intuitive software and financial products with a dedicated accounting team, Bench combines the convenience and efficiency of modern technology with the expertise and time-savings afforded by a professional service. Bench was co-founded by Forbes 30 under 30 winner Ian Crosby. Bench has raised over $100 million in funding to date, services over 11,000 business owners and employs 650 people and growing. It is based in Vancouver, Canada. Follow @Bench or visit https://bench.co/

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, FundzIQ™ for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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