Puzzle Raises $30 Million in Funding

by Kay Aloha Villamor in November 20th, 2023

Puzzle, a San Francisco, CA-based AI-powered accounting solution, has secured $30 million in funding, bringing its total raised to $50 million.

SaaS Investors

The round was led by S32 and XYZ Capital, with participation from General Catalyst, Felicis, Kapor Capital, Sterling Road, Born Ventures, and more than 50 CFOs and operator angel investors. 

Founded in 2017, S32 is a venture capital firm investing at the frontiers of technology and is based in Los Altos, California. The firm invests across the technology sector, which includes artificial intelligence, enterprise software, cybersecurity, fintech, quantum computing, computational biology, and biotechnology.

XYZ is a venture capital firm that invests in early-stage founders to help them go faster. The firm prefers to invest in seed-stage and early-stage companies operating in the fintech, enterprise, insurance, technology, and public sectors. Founded in 2017 and headquartered in San Francisco, California.

Puzzle Use of Funds

The new funds will be used to advance the company's vision of automating and modernizing financial processes.

About Puzzle

Founded in 2019, Puzzle is an accounting software designed to help startup founders and finance teams make accounting and finance their strategic advantage. It combined smart accounting software and a real-time financial data platform in a single solution. The modern platform seamlessly integrates with modern fintech tools like Stripe, Gusto, Rippling, Mercury, Brex, Ramp, and Pulley. 

Funding Details  

Company: Puzzle Financial, Inc.

Raised: $30.0M

Round: Unknown

Funding Month: November 2023

Lead Investors: S32 and XYZ Capital

Additional Investors: General Catalyst, Felicis, Kapor Capital, Sterling Road, Born Ventures

Company Website: https://puzzle.io/

Software Category: Accounting Software

Source: https://fintech.global/2023/11/15/puzzle-secures-30m-for-revolutionary-ai-powered-accounting-platform/

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