Botkeeper is an automated bookkeeping solution providing accounting firms and their clients with a combination of skilled accountants, machine learning, and artificial intelligence. It offers various packages including full-suite bookkeeping and pre-accounting solutions and a consolidated platform of tools to optimize firm processes and support clients at any stage of growth. The company is led by CEO and founder Enrico Palmerino and is based in Boston, MA. Since its launch in July 2015, Botkeeper has expanded services to approximately 200+ accounting firms and 5,000+ small businesses throughout the United States. The company raised $42M in a Series C and intends to use the funds to expand its platform, customer success teams, and strategic partnership initiatives. Botkeeper provides an AI-powered platform that connects and digests financial and non-financial data, processes it through machine learning models, and combines those outputs with review from a skilled team of accountants to deliver accurate financial data and closed books. The company supports delivery to accounting firms and businesses using QuickBooks or Xero. Founded in 2015 and led by CEO Enrico Palmerino, Botkeeper is headquartered in Boston and also has offices in North Carolina, New York, and Balanga (Philippines). The company intends to use the new funds to introduce its AI-powered bookkeeping solutions to new firms nationally. It also plans to grow its development, engineering, sales, and client success teams. To date the company has raised a total of $47.5 million. Botkeeper is developing AI to automate bookkeeping and accounting functions for businesses. The platform integrates with a client’s banks, credit cards, HR system, and POS system and makes appropriate entries and adjustments to their QuickBooks or Xero accounts. It provides businesses with a 24/7 AI-driven botkeeper and currently supports nearly 1,000 companies. The company raised $18M in a Series A and has raised $22.5M in total funding to date. Botkeeper intends to use the capital to grow across engineering, sales, and marketing. The company is led by founder Enrico Palmerino and Chief Revenue Officer and Executive Vice President Chris Mahl. Botkeeper offers a platform that automates bookkeeping tasks using a blend of dedicated machine learning (ML), artificial intelligence (AI) and human assistance. The company assigns each customer a dedicated “botkeeper” that can securely access banks, credit cards and accounting software to make entries, reconcile accounts, send invoices and handle payroll. Its platform also tracks and schedules revenue and deferred expenses and performs bank reconciliations. Botkeeper raised $4.5M in seed funding to support further product development and expanded sales and marketing. The round indicates early-stage financing to scale the product and go-to-market efforts. The company is led by CEO Enrico Palmerino and is based in Boston, MA.

Total raised

$90M

Funding rounds

4

Latest round

Series C

Latest activity

Nov 2021