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Numeric raises $51M in Series B funding led by IVP to expand its AI accounting automation platform for enterprise finance teams.

PRIVATENov 19, 2025•6 months ago

Amount Raised

$51 Million

Round Type

SERIES B

San FranciscoSoftwareArtificial IntelligenceSaas

Investors

Friends & Family CapitalRon GillMarc HuffmanFifth DownLong Journey VenturesAccess IndustriesSocii Capital8 VcAlkeonFounders FundMenlo VenturesIvp

Description

Numeric, a provider of an AI accounting automation platform, has raised $51M in Series B funding. The round was led by IVP and included several notable investors. The company plans to use the funds to expand its offerings and deliver a unified data platform. With this investment, Numeric's total funding raised has reached $89M.

Company Information

Company

Numeric

Location

San Francisco, California, United States

About

Numeric is an AI accounting automation platform, built to take manual work off accountants' plates so they can focus on what’s impactful. Numeric is currently used by hundreds of private and public companies to organize their close, automate reconciliations, and leverage AI for auto-drafted flux explanations and technical accounting research.

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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
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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