Fondo offers a subscription-based bookkeeping platform that combines software, AI, and accounting experts to serve startups and small- and medium-sized businesses. The company targets high-growth startups with an all-in-one solution that consolidates financial and tax operations. Fondo reports approximately 1,200 customers, $6 million in annual recurring revenue, and is profitable. Its customer roster includes Eleven Labs, Karat, PostHog, Campus and Limitless AI. The firm says it has saved customers over $75 million in Delaware Franchise Tax and helped them receive over $16 million in tax credits. Fondo currently has about 70 employees and is hiring across product, engineering, accounting and other roles. The company plans to invest in product and automation, build an AI agent for customers and internal teams, expand analytics and integrations, enhance tax-saving options, and explore support for international scaling and compliance. Fondo is an all-in-one accounting platform that helps companies file taxes, close books, and recover cash from the IRS. The platform guides founders through tax compliance and credits with clarity and speed. Founded in 2020 and led by CEO David J. Phillips, the company is based in San Francisco, California. In 2022 Fondo doubled its team to 54 people and nearly tripled revenue to $3M in annual recurring revenue. Today more than 500 startups use the platform, including Career Karma, Tydo, PostHog, Explo, and Bottomless. The company intends to use the new funding to invest in product development and grow the team.

Total raised

$10M

Funding rounds

3

Latest round

Seed

Latest activity

Nov 2024