Inscope secures $14.5m Series A to modernise reporting

Inscope raises $14.5m to automate reporting

Inscope, an AI-powered financial reporting platform serving accounting firms and enterprises, has raised $14.5m in a Series A round to replace manual financial statement preparation workflows.

The funding round was led by Norwest, with participation from Storm Ventures, existing investors Better Tomorrow Ventures and Lightspeed Venture Partners, alongside strategic operators from finance and enterprise software.

The latest investment brings Inscope’s total funding to $18.8m, including a $4.3m seed round led by Lightspeed Venture Partners in 2023.

Over the past year, the company has expanded rapidly, increasing its customer base by more than fivefold and growing annual recurring revenue by over 30 times.

Inscope has also invested heavily in strengthening its enterprise capabilities, focusing on security, scalability and auditability. It is currently onboarding several Top 100 accounting firms, which collectively support thousands of client engagements on its platform.

Inscope aims to embed intelligence directly into the reporting workflow, enabling teams to draft, roll forward, review and validate financial statements while maintaining comprehensive audit trails and change controls.

Unlike traditional reporting solutions that cater to a single user group, Inscope is designed to support both enterprises preparing financial statements and the accounting firms responsible for auditing them.

Mary Antony, Co-Founder and CEO of Inscope said, “Accurate and transparent financial reporting is what allows U.S. capital markets to function. But with increasing regulatory scrutiny and a shortage of accounting talent, relying on manual, fragmented workflows puts that trust at risk. Inscope provides the infrastructure teams need to produce high-quality, auditable financial statements at scale.”

Kelsey Gootnick, Co-Founder and COO of Inscope said, “Financial reporting breaks down when systems aren’t designed for collaboration and change. Inscope replaces brittle, manual handoffs with a system that supports real-world review cycles and last-minute changes without breaking.”

With the Series A capital, Inscope plans to continue investing in its engineering and go-to-market teams, while expanding support for complex reporting requirements across large organisations.

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