Puzzle, a company developing smart accounting software with a real-time financial data platform, has scored $15m in a Series A raise.
The Series A was led by investor General Catalyst. Puzzle had built in stealth for three years, and worked alongside hundreds of startups as alpha testers.
Puzzle claims the combination of smart accounting software with a real-time financial data platform, brings capabilities beyond legacy accounting software, making it simpler for founders to build a scalable foundation for fundraising, taxes and improving business health.
The company said it believes accounting and finance are the underrated superpowers that set apart the next great businesses, but leaders are held back by legacy software that lacks the speed, collaboration, and intelligence needed for today’s fast-changing economy.
By combining smart accounting software and a real-time financial data platform in a single solution, Puzzle said it can enable a new set of capabilities for startups immediately, including a design that makes finances real-time and explorable to anyone.
It also provides detailed financial statements, startup metrics, spend analysis, revenue by customer, people and teams and spotlight trend analysis as well as a learning system that strengthens every day across categorisation, suggestions and anomaly detection.
Detailed financial statements are also included alongside startup metrics, spend analysis, revenue by customer, people and teams and product and account analysis.
Demandbase, a company that helps B2B organisations hit their revenue goals, has scored $175m in financing from Vista Credit Partners.
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