Gappify, an Oakland, CA-based provider of next-generation accounting automation solutions for corporate accounting teams, raised $10 million in Series B financing to accelerate growth and development of new accounting automation products.
The round was led by FINTOP Capital, with participation from Rally Ventures, Stage 2 Capital, SaaS Ventures, and Pasudeco & Co.
The new investment comes in the midst of significant growth for Gappify and brings the company’s total funding to more than $22 million.
"Accountants are frustrated with the lack of automation offerings available to help them perform their core duties effectively,” said Jotham Ty, CEO and Founder of Gappify. “Our business is strongly positioned to fill more of these voids and better serve the community we care very deeply about.”
"The accounting industry is undergoing tectonic shifts, and Gappify is mapping the way," added FINTOP Capital’s Jared Winegrad. "We’re excited to lead this round and support Gappify’s innovative vision to transform and evolve the profession.”
As part of the transaction, FINTOP’s Jared Winegrad, General Partner, will join Gappify’s Board of Directors.
Company: Gappify, Inc.
Raised: $10.0M
Round: Series B
Funding Month: May 2023
Lead Investors: FINTOP Capital
Additional Investors: Rally Ventures, Stage 2 Capital, SaaS Ventures, and Pasudeco & Co
Company Website: https://www.gappify.com/
Software Category: Enterprise Accounting Software
About the Company: Founded in 2016, Gappify is a cloud-based provider of solutions designed to automate mission-critical accounting and financial reporting activities. Gappify’s flagship “Accrual Cloud” platform is leveraged by top midmarket and enterprise accounting teams today to orchestrate, execute and analyze month-end accrual processes. The company is headquartered in Oakland, California, with offices in New York, Manila, Philippines, Washington, DC, and Chicago.
Source: https://www.prweb.com/releases/2023/05/prweb19304724.htm