Rillet raised $13.5M in a Series A round led by First Round Capital and Creandum to expand their team and support new customers in various verticals.

Jul 29, 2024•over 1 year ago

Amount Raised

$13.5 Million

Round Type

series a

New YorkFinancial ServicesSoftware

Investors

Kevin HartzChad ByersCreandumFirst Round Capital

Description

Rillet has secured $13.5 million in funding to enhance its team and cater to new customers in sectors ranging from e-commerce to fintech. The funding round attracted prominent investors, including First Round Capital and Creandum, alongside individual investors.

Company Information

Company

Rillet

Location

New York, New York, United States

About

Rillet is the first accounting platform made to tailor fit the workflows of accountants. Through curated native integrations, deterministic algorithms as well as AI, Rillet pulls in metadata from your tech stack, interprets them and automatically books journal entries, sends invoices, creates deferred revenue waterfall, prepaid schedule, and generates financial metrics real-time. Rillet takes care of multiple geographies and currencies, consolidating multiple entities with ability to report in multiple currencies.

Related People

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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