Accounting automation startup HubSync closes Series A


HubSync, a SaaS software company for tax and accounting automation, has closed its Series A funding round to help it bolster its product development efforts.

The size of the investment was not revealed, but the round was led by Nashville Capital Network, a US-based investment firm aimed at the healthcare and technology sectors. Additionally support came from highly-strategic industry veterans, HubSync said.

With the capital, HubSync plans to bolster its growth and accelerate its product development.

HubSync offers an all-in-one client platform to automate tax returns and other key processes.

One of the boons of the platform is that it keeps everything in one place. The platform provides a single gateway for modern collaboration between industry professionals and their clients, supplying them with all the necessary information and tools directly at their fingertips.

It also boasts seamless integration and institutive user experiences to help companies move away from siloed, single-purpose applications that hinder collaboration.

Speaking on the deal, HubSync founder and CEO John McGowan said, “We could not be more thrilled to work with NCN. They are the ideal partner for us with their impressive network of strategic partners, portfolio of successful SaaS companies, and like-minded team.

This funding round will strengthen our go-to-market strategy and enable HubSync to evolve our platform based on market demand and client feedback. Utilizing the latest in cloud-based technologies, HubSync brings standardization, automation, and a suite of integrated modules to the market.

“We expect the partnership with NCN to help fuel our growth for the foreseeable future as we realize our vision of fundamental change for Professionals and Clients in the Tax and Accounting industries.”

Another accounting FinTech to recently close a funding round was CarbonChain. This is a carbon accounting platform that enables financial institutions and private companies to accurately measure their Scope 3 and supply chain emissions. Last week, CarbonChain raised $10m for its Series A.

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