Bookkeeping company Pilot bags $60m Series C

Bookkeeping platform Pilot has scored $60m in its Series C round, which was led by Sequoia Capital.

With the capital injection, the company has raised a total of $120m in equity, with previous investors also including Index Ventures and Stripe.

Pilot has earmarked the new cash to expand its suite of back office services and help companies during the challenging environment.

The FinTech was created by three-time co-founders Waseem Daher, Jeff Arnold, and Jessica McKellar to help solve problems they encountered when building their previous two companies.

Pilot co-founder and CEO Waseem Daher said, “Our first job out of college was owning a business in Boston. After a long week of sales, customer support and product development, I would be left with a pile of manual, tedious accounting work to do. We founded Pilot to be the solution we wanted for our business.

“Through our partnership with Sequoia we will be able to make the solution of a better back office a reality for more companies than ever.”

Last year, the company helped with over $3bn in bookkeeping transactions for its customers, which range from pre-revenue startups to businesses with more than $30m in revenue.

Pilot offers a bookkeeping platform which can be integrated with existing billing, banking, expense and payroll systems.

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