# Botkeeper

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/botkeeper

- Industry: Software
- Headquarters: Boston, US
- Website: www.botkeeper.com
- Total disclosed funding: $48M
- Latest round: Series B (Jun 18, 2020)
- Investors on record: 10

## About

Botkeeper, Inc. provides automated bookkeeping solutions tailored for accounting firms, significantly enhancing efficiency and accuracy in financial management.Founded in 2015 and headquartered in Boston, US, Botkeeper, Inc. offers innovative bookkeeping services. The firm was established by Angelina DeLago and Justin DoBosh. In November 2021, Botkeeper raised USD 42.00 mn in Series C funding led by Grand Oaks Capital, bringing the total amount raised to USD 42.00 mn. The company has completed four funding deals to date.Botkeeper specializes in automated bookkeeping solutions designed specifically for accounting firms, enhancing their operational efficiency and service delivery. The core offerings include the Botkeeper platform, which utilizes machine learning and automation to streamline bookkeeping tasks, thereby allowing firms to save time and reduce manual data entry. The services enable accounting firms to serve their clients more effectively, scale their businesses, and diversify their service offerings. The firm has successfully supported over 200 accounting firms and their 5,000+ business clients, focusing on maximizing accuracy while minimizing resource consumption. Botkeeper's products are particularly tailored for the North American and European markets, where they have established a strong presence among small to medium-sized accounting firms seeking innovative bookkeeping solutions.Botkeeper generates revenue primarily through subscription-based models, offering various pricing plans that scale with the needs of accounting firms. Clients typically engage with Botkeeper by selecting a service package that aligns with their operational requirements, which may include options for enhanced support and additional features. The company’s flagship offerings are embedded within its Infinite package, which provides a tech-centric solution that firms can independently implement. Revenue structure includes monthly or annual subscriptions, along with potential upsells for advanced support or specialized tools, facilitating a continuous revenue stream as firms expand their use of the Botkeeper platform. The emphasis on automation and machine learning allows Botkeeper to maintain a competitive edge while delivering measurable value to its partners in the accounting sector.In November 2021, Botkeeper, Inc. raised USD 42.00 mn in Series C funding, which will be allocated for the expansion of its platform, customer success teams, and strategic partnership initiatives. The company aims to enhance its service offerings and explore new geographic markets with a focus on growth by the end of 2023.

## Funding rounds

- Series B, Jun 18, 2020, $25M — Ignition Partners, Sorenson Capital, Greycroft, Oakridge Financial, High Alpha, Point72 Asset Management, Gradient Ventures, Peak State Ventures, Republic Capital
- Series A, Nov 19, 2018, $18M — Greycroft, Gradient Ventures
- Seed, Jan 25, 2018, $4.5M — Ignition Partners, Dolik Ventures

## Investors

- Ignition Partners (https://capitalatlas.ai/funds/ignition-partners) — Seed, Series B
- Dolik Ventures (https://capitalatlas.ai/funds/dolik-ventures) — Seed
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A, Series B
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Series A, Series B
- Sorenson Capital (https://capitalatlas.ai/funds/sorenson-capital) — Series B
- Oakridge Financial — Series B
- High Alpha (https://capitalatlas.ai/funds/high-alpha) — Series B
- Point72 Asset Management — Series B
- Peak State Ventures (https://capitalatlas.ai/funds/peak-state-ventures) — Series B
- Republic Capital (https://capitalatlas.ai/funds/republic-capital) — Series B