Quanta, a San Francisco, CA-based AI-powered accounting service for software businesses, has raised $4.7 million in seed funding.
Investors
The round was led by Accel, with participation from Basecase, Comma Capital, Designer Fund, Operator Collective, and prominent angel investor Elad Gil.
Accel is a global venture capital firm that aims to be the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Operating in India since 2008, the firm focuses on sectors such as SaaS, fintech, cybersecurity, and consumer tech, helping ambitious entrepreneurs build iconic global businesses.
Quanta Use of Funds
The company will use the funds to develop its AI-powered accounting platform further, expand its customer base, and enhance its financial software with additional integrations and capabilities.
About Qanta
Founded by Helen Hastings, Quanta provides an AI-powered accounting platform to help software companies manage their finances. By leveraging AI, Quanta automates repetitive accounting tasks, its proprietary general ledger, and granular sub-ledgers, which, when integrated with its AI-powered engine, automate key accounting tasks such as data population, validation, and interpretation. The platform integrates with popular financial tools to enhance efficiency and offer a comprehensive solution for software companies at various stages of growth.
Funding Details
Company: Quanta Financial, Inc.
Raised: $4.7M
Round: Seed
Funding Date: February 2025
Lead Investor: Accel
Additional Investors: Basecase, Comma Capital, Designer Fund, Operator Collective, Elad Gil
Company Website: https://www.usequanta.com/
Software Category: AI Financial and Accounting
Source: https://www.globenewswire.com/news-release/2025/02/27/3034229/0/en/Quanta-100x-s-Accountants-with-AI-Powered-Innovation-Secures-4-7M-in-Funding-Led-by-Accel-to-Alleviate-Pain-of-Legacy-Solutions.html