Autobooks, a Detroit, Michigan-based provider of financial management solutions for small businesses, has secured $40 million in growth investment.
Investors
The financing was from Runway Growth Capital LLC, a provider of growth loans to companies seeking an alternative to equity financing. Runway Growth Capital LLC is an investment adviser to investment funds, including Runway Growth Finance Corp., a business development company, and other private funds.
Autobooks Use of Funds
The company will use the funds to expand its market presence, enhance its integrated financial technology solutions, and support its strategic growth initiatives.
About Autobooks
Founded in 2015, Autobooks provides financial management solutions designed to streamline financial operations for small businesses. It enables businesses to manage invoicing, payments, and financial reporting directly within their bank’s online or mobile banking interface. The company partners with banks and credit unions to provide small businesses with integrated digital payment and accounting solutions, offering tools like invoicing, payment links, checkout pages, and accounting. Headquartered in Detroit, Michigan, Autobooks is on a mission to simplify banking.
Funding Details
Company: Autobooks, Inc.
Raised: $40.0M
Round: Growth Capital
Funding Date: May 2025
Investor: Runway Growth Capital LLC
Company Website: https://autobooks.co/
Software Category: Financial Management
Source: https://www.prnewswire.com/news-releases/runway-growth-capital-announces-40-million-investment-in-autobooks-to-accelerate-strategic-growth-including-its-acquisition-of-allied-payment-network-302448800.html