Funding

AccountsIQ funding news – Dublin-based AccountsIQ Secures €60Million in Series C Round Funding

Jun 13, 2024 | By Startup Rise EU

AccountsIQ, the cloud-based accounting platform, raises €60Million in series C round funding from Axiom Equity, a specialist B2B SaaS growth equity fund.

AccountsIQ, the cloud-based accounting platform, raises €60Million in series C round funding from Axiom Equity, a specialist B2B SaaS growth equity fund.

SUMMARY

  • AccountsIQ, the cloud-based accounting platform, raises €60Million in series C round funding.
  • AccountsIQ delivers award-winning accounting software that enables forward-thinking, mid-sized businesses to grow faster through automated, data-driven finance.

The investment will be focussed on continuing to develop the AccountsIQ product to shape the finance function of the future, taking advantage of advancement in AI throughout all aspects of the solution.

It provides a financial management system (FMS) Software-as-a-Service designed to transform the finance function, solving complex problems like multi-currency consolidation, multi-level approvals, third-party integrations, and automation of daily processes.

Read also - Roamless funding news – Telecoms Startup Roamless Secures $5Million Seed Funding

RECOMMENDED FOR YOU

recomd
Recent Articles
Accenture has acquired London-based Redkite Company
Startup Rise EU
Dec 20, 2023
recomd
Recent Articles
[Funding alert] London-based AI Startup TitanML Secures $2.8 Mn Pre-Seed Funding
Startuprise
Oct 12, 2023
recomd
Estonia
[Funding alert] Estonian-based Woola Raises €2.5M in Funding
Startup Rise EU
Dec 14, 2023

It empowers finance teams to collaborate digitally with stakeholders in their businesses by giving the right information to the right user at the right time, enhancing the financial IQ of the organisation so it can make better decisions.

This investment will enable it to move to the next level of its development as a leading international FMS, growing its resources to more than double its team to over 200 people over the next few years and enhancing its AI capability to deliver even more value to its diverse customer base.

Tony Connolly, Founder and CEO of AccountsIQ, commented, “Having hit a critical milestone with over 1,000 customers, we are now poised to take the AccountsIQ product and service to the next level. This investment comes at a perfect inflection point for our offering, to allow us leverage AI tools into practical, easy to adopt services for our user base; to make finance team roles more flexible, valuable, less repetitive and indeed more interesting.”

Martin Wygas, Founding Partner of Axiom Equity, added, “We were immediately impressed when we met the AccountsIQ team and saw the product and its positioning. The deep understanding of their customer base and forward-thinking vision deeply resonated with our team. Recognising the potential to accelerate AccountsIQ’s product development with additional capital and expertise, we are excited to be partnering with them to scale AIQ to the next level.”

About AccountsIQ

AccountsIQ delivers award-winning accounting software that enables forward-thinking, mid-sized businesses to grow faster through automated, data-driven finance.

Trusted by over 6,000 entities across 85 countries, our cloud-based platform streamlines processes with easy consolidations, bespoke reporting, and in-depth analysis. With it, businesses can gain real-time insights to boost collaboration and make strategic decisions across complex organisations.

Recommended Stories for You

story
Funding

[Funding alert] Bethnal Green Ventures Secures First Close of Newest Tech Fund at £33M

Startup Rise EU Nov 29, 2023

story
Romania

.lumen funding news – Romanian-based .lumen Secures €5 Million in Funding

Startup Rise EU Jul 19, 2024

story
Funding

[Funding alert] Oslo-based Verdane Secures Edda III past target at €1.1 Billion Funding

Startup Rise EU Feb 26, 2024

story
Funding

[Funding alert] Groningen-based QDI Systems Secures €5 Million in Series A Round Funding

Startup Rise EU Jan 16, 2024

story
Funding

[Funding alert] Berlin-based Embea Secures €4 Million in Seed Funding

Startup Rise EU Feb 21, 2024

story
Czechia

[Funding alert] Prague-based Flowpay Secures Over €2 Million in Seed Funding

Startup Rise EU Mar 20, 2024