Blue Onion has raised $10 million in a Series A funding round led by Viola FinTech. The funding will be used to launch new AI-driven features and expand the company's integrations and support.

Apr 16, 2025•8 months ago

Amount Raised

$10 Million

Round Type

series a

New YorkSoftware

Investors

Vinyl CapitalGreen VisorEntrée CapitalY CombinatorViola Fin Tech

Description

Blue Onion, the subledger trusted by leading retail and ecommerce brands, announces their $10M Series A funding led by Viola FinTech. This round brings the company’s total funding to $17.6M, with participation from existing investors Y Combinator, Entrée Capital, Green Visor, and Vinyl Capital. The funding will focus on launching AI-driven features and building partnerships to enhance financial management. Blue Onion aims to simplify accounting workflows for retailers with accurate financial data.

Company Information

Company

Blue Onion

Location

New York, New York, United States

About

Blue Onion disrupts the status quo of processing financial data for leading consumer brands. The Blue Onion subledger enables companies like Supergoop!, BarkBox, and a.k.a. brands to close their books daily–not monthly–with guaranteed accuracy. Blue Onion is the only platform that leverages powerful AI to automate the reconciliation process from each transaction all the way to the bank. The Blue Onion subledger validates data from the source, providing a foundation of financial truth to make smarter business decisions–faster.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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