Numeric raised $28M in a Series A led by Menlo Ventures to automate accounting processes using AI.
Amount Raised
$28 Million
Round Type
Series A
San FranciscoSoftwareArtificial IntelligenceMachine LearningSaaSInvestors
Description
Numeric, an accounting software company, has successfully raised $28 million in a Series A funding round led by Menlo Ventures. This funding will help enhance its AI capabilities further, assisting accounting teams in streamlining their monthly book-closing processes.
Quick answer
Numeric raised $28 Million in a Series A round, dated October 10, 2024. Investors: Socii, IVP, Fifth Down, Friends & Family Capital, 8VC, Long Journey, Founders Fund and Menlo Ventures. Numeric is based in San Francisco, California, United States.
- How much did Numeric raise?
- Numeric raised $28 Million in a Series A round on October 10, 2024.
- Who invested in Numeric?
- Socii, IVP, Fifth Down, Friends & Family Capital, 8VC, Long Journey, Founders Fund and Menlo Ventures are named as investors in this round.
- What does Numeric do?
- Numeric is an AI accounting automation platform, built to take manual work off accountants' plates so they can focus on what's impactful.
- Where is Numeric based and how big is it?
- Numeric is based in San Francisco, California, United States. Fundz records about 84 employees.
- Who are the decision-makers at Numeric?
- Fundz holds 3 contacts at Numeric, including the Co-Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in SaaS and Software around the same time
Companies in the same sectors as Numeric that raised within 45 days of this round, from Fundz verified event records.
Who to call at Numeric, and when
A new round usually means Numeric is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Numeric raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Numeric, from your own LinkedIn network
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Funding Insights
What this usually meansNumeric raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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