SME business management platform Webgility has secured $6.4m for its Series A financing round led by Pilot Growth Equity.
The company connect sales, accounting, shipping and inventory into one platform to help speed up processes and automate accounting tasks.
Webgility’s accounting service syncs all orders, expenses, fees and shipping costs to help keep the company tax compliant in a quicker manner. The tax system also offers online revenue and transactions tracking, e-commerce accounting reconciliation and refund management.
This new funding will be used to help the company to accelerate its platform growth to help improve margins and scale for clients.
Webgility founder and CEO Parag Mamnani said, “It’s our mission to make business easier for ecommerce SMBs and give them the same power and efficiencies that the big guys have. Pilot Growth sees tremendous potential in our product and believes in our team and vision for the ecommerce market at large. Their expertise, network, and unique model for supporting entrepreneurs will help us to reach a larger market and grow faster.”
Current companies held by Pilot Growth Equity include risk and epidemic analytics platform Metabiota’s $2.8m seed round in 2014 and its $31m Series A in 2015.
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