Last deal

$60.M

Amount

Series C

Stage

08.08.2019

Date

7

all rounds

$103.M

Total amount

General

About Company
ScaleFactor provides bookkeeping and accounting software using AI to automate financial services for small to medium businesses.

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Sector :

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founded date

01.01.2014

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

Founded in 2014, ScaleFactor offers digital tools and services that analyze data from various sources to automate record keeping, payroll, and tax compliance. They have partnerships with Gusto and other software companies to increase back-end automation. ScaleFactor has raised significant funding through multiple rounds, including Series A, B, and C, with investors such as Bessemer Venture Partners and Coatue Management. However, in June 2020, the company announced it would be ceasing a majority of its operations.
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