Xendoo offers an online, cloud-based bookkeeping and accounting platform that pairs proprietary technology with access to CPAs, flat-rate pricing, and fast delivery of financials. The platform wraps its technology around Xero’s cloud-based solution to provide cloud-based insights and up to five times the productivity of a traditional bookkeeper or CPA. Xendoo focuses on giving small business owners financial visibility and predictability so they can make informed decisions. The company was awarded a peer-selected $75K grant from Village Capital’s Finance Forward US 2019 accelerator. That grant followed a $3.5M seed-plus funding round led by Malachi, and the company has raised a total of $4.85M since its 2017 launch. Xendoo says it is reshaping the accounting industry by leveraging technology to deliver financial peace of mind to small businesses. Xendoo closed a $3.5M seed-plus round led by Malachi with participation from Revolution's Rise of the Rest Seed Fund, DeepWork Capital, Jason Calacanis’ LAUNCH Syndicate and others. The company has raised $4.8M to date since its launch in 2017 and is based in Fort Lauderdale, Fla. Proceeds will be used to accelerate growth, expand offices and personnel, support continued technological innovation in bookkeeping and accounting, and broaden strategic partnerships and market reach. Leadership includes CEO and Founder Lil Roberts and newly added Chief Technology Officer Thomas J. Packert. Xendoo provides a cloud-based bookkeeping and accounting platform with access to CPAs, predictable pricing and rapid reporting, serving clients such as Century 21, College Hunks Moving, F45 Gyms, Plato’s Closet and Tropical Smoothie. The company reports users in 40+ states and eight countries and plans to triple the size of its business over the next 18 months while hiring over 40 new employees. Xendoo offers a subscription bookkeeping and accounting service that delivers monthly reports, tax returns, and access to an accounting team through a desktop portal and mobile app. The company targets small businesses with a flat-rate monthly pricing model. Xendoo reports early traction, growing about 20% month-over-month, and cites an addressable U.S. market of 28 million small businesses. Co-founder Lil Roberts highlighted the company’s product and growth when accepting a pitch-competition award. The company is Fort Lauderdale–based and was also a previous winner at eMerge Americas last year. Management is seeking capital to scale operations and customer acquisition.

Total raised

$4M

Funding rounds

3

Latest round

Grant

Latest activity

Feb 2020