Beanworks offers an accounting automation platform that automates invoice coding and other repetitive accounting tasks so teams can focus on strategic decisions. The product reduces manual data entry and aims to remove technology roadblocks for accounting staff. The company emphasizes gender diversity across its leadership and board as a strategic advantage and cites balanced representation in its founding team and broader staff. Beanworks was founded by a four‑person co‑founder team and reports a roughly even gender split across the company’s employees and leadership. Financially, Beanworks has progressed through venture funding, having previously raised a $4.5 million Series A in June 2017 and now securing additional growth capital. Beanworks provides a SaaS accounting automation platform that connects mid-sized enterprises from invoice to payment and integrates with existing financial software. The platform handles purchase orders through electronic payments to help users manage accounts payable while remaining focused on financial reporting. The company announced a major partnership with Sage in November 2016; Sage now offers Beanworks as its official AP automation provider in North America. Beanworks intends to use the new funding to scale operations. The company was founded in 2012 by Catherine Dahl (CEO) and Reza Sanaie (Chief Innovation Officer). It also announced recent executive hires: Karim Ben-Jaafar as Chief Growth Officer, Robert Fink as VP of Engineering, and Jack Hilliard as VP of Finance.

Total raised

$15M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2018