Led · Seed · Nov 2024

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.

Led · Series A · Sep 2023

Founded in 2020 and based in San Francisco, Mesh operates a crypto payments and settlement layer—branded SmartFunding—that routes payments across wallets, chains and assets so merchants receive instant stablecoins or local currency. The company reports reaching 900 million users through integrations with exchanges, wallets and financial platforms and counts partners such as Ripple, Paxos and Rain; it added support for Ripple’s dollar stablecoin and an integration with Apple Pay. Financially, Mesh had raised over $200 million prior to the reported round, including a $82 million Series B in March 2025 and a $75 million Series C on January 27, 2026 that brought it to a $1.0 billion valuation. Axios reports Binance is preparing to lead a new financing that could value Mesh at up to $2.0 billion, a move described as strategically focused on payments infrastructure rather than token trading. When announcing its Series C, Mesh said it would deploy capital to expand in Latin America, Asia and Europe, with India highlighted as a priority market.

Led · Series E · May 2022

Mekari provides a suite of cloud-based B2B SaaS products including HR (Mekari Talenta), accounting (Mekari Jurnal), sales (Mekari Qontak), tax (Mekari Klikpajak) and benefits (Mekari Flex). The company serves thousands of businesses, reporting more than 35,000 clients and 800,000 active users, primarily among MSMEs. Mekari says it has recorded 11x growth over the past four years. Headquartered in Jakarta, it was founded in 2015 and rebranded from Sleekr. The company’s stated mission is to help businesses digitize and automate operations across industries. Mekari plans to expand product and engineering, sales, and marketing teams and to enter a new domain described as contextual financial services.

Led · Series A · Oct 2021

Bizzi is a Vietnamese SaaS platform and first mover in invoice-processing automation in Vietnam, offering AI- and RPA-powered accounts-payable solutions. Its unified platform integrates with existing ERP and accounting systems and connects vendors and customers to automate bill payments, receipt scanning, compliance, and bookkeeping. Bizzi emphasizes data encryption practices aligned with leading accounting firms and has implemented ISO 27001, enabling partnerships with listed companies and multinationals that have strict security requirements. The company positions its product for enterprise use and has secured sizable clients in Vietnam. In October 2021 Bizzi raised $3.0M in a pre-Series A to support product feature enhancements and to broaden its customer network. The funds are earmarked for product development and go-to-market expansion.

Participated · Series A · Aug 2021

FlowAccount is an online invoicing and accounting platform offering cloud-based bilingual accounting and payroll SaaS for freelancers, small-business owners, and accountants in Thailand. Its products include FlowAccount online accounting software and FlowPayroll online payroll software, delivered via the cloud and integrated with banks and eCommerce platforms. The company reports about 50,000 customers using its services. Founded in 2015 and headquartered in Bangkok, FlowAccount targets do-it-yourself accounting and payroll needs for small businesses and startups. In August 2021 it raised a Series A reported at $5.2M (the article text also references US$4M) to expand platform functionality and scale its small-business solutions. The fresh capital will be used to further develop product features and grow its customer base. FlowAccount is a cloud-based platform providing accounting tools for small and medium-sized businesses. The company currently operates with a team of about 20 employees. It recently launched a solution targeted at accounting firms and is planning payroll and other HR services for small businesses. FlowAccount intends to extend its product set from core cloud accounting into adjacent SME services. Management says the firm will remain focused on the Thai market in the near term, with a longer-term view toward wider Southeast Asia once it secures domestic market share. The company emphasizes helping local businesses adopt subscription SaaS accounting and move from offline to online processes.