# Ceterus

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

- Industry: Software
- Headquarters: Charleston, US
- Website: www.ceterus.com
- Total disclosed funding: $20M
- Latest round: Series B (Apr 16, 2018)
- Investors on record: 5

## About

Ceterus, Inc. delivers automated bookkeeping and financial reporting services tailored for franchise owners, ensuring timely financial insights to streamline their operations and enhance decision-making processes.Founded in 2008 and headquartered in Charleston, US, Ceterus, Inc. specializes in financial services for franchise owners. The company has executed a total of 4 deals, with the latest funding round occurring on November 12, 2019, where they raised USD 6.7 mn. The CEO of Ceterus is Christopher Rossie.Ceterus provides comprehensive bookkeeping and financial reporting services specifically designed for franchise owners. Their core product offering revolves around an automated platform that integrates with a US-based accounting team to deliver timely and accurate financial information. This platform alleviates common challenges faced by franchisees, such as managing complex financial reports and staying current with bookkeeping tasks. Ceterus serves a diverse client base, including franchise owners in sectors such as quick-service restaurants, fitness centers, home services, and wellness facilities. The company's services are available primarily in the United States, positioning them as a leader in franchise bookkeeping solutions tailored to the unique needs of franchise operations.Ceterus generates revenue primarily through subscription-based pricing models for its bookkeeping and tax solutions. Clients typically engage with Ceterus on a recurring basis, entering into contracts that provide ongoing access to their comprehensive financial services, which include corporate tax preparation, personal tax assistance, and franchisor reporting. This structure allows for predictable revenue streams as clients pay monthly or annually for these services. The pricing plans are designed to accommodate various franchise business sizes, ensuring that franchise owners can easily access professional financial management tailored to their specific operational needs.As of November 2019, Ceterus, Inc. raised USD 6.7 mn in venture funding, which will be utilized to support the development of new products and services aimed at expanding their market reach. The company plans to enhance its platform with additional features for franchise owners and is targeting geographical expansion within the US market.

## Funding rounds

- Series B, Apr 16, 2018, $10M — Grotech Ventures, Harbert Management, IDEA Fund Partners, Alerion Ventures
- Series A, Jun 14, 2017, $6M — Grotech Ventures, IDEA Fund Partners, TechOperators, Alerion Ventures
- Series A, May 20, 2016, $4.2M — IDEA Fund Partners, TechOperators, Alerion Ventures

## Investors

- IDEA Fund Partners (https://capitalatlas.ai/funds/idea-fund-partners) — Series A, Series B
- TechOperators (https://capitalatlas.ai/funds/techoperators) — Series A
- Alerion Ventures (https://capitalatlas.ai/funds/alerion-ventures) — Series A, Series B
- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series A, Series B
- Harbert Management (https://capitalatlas.ai/funds/harbert-management) — Series B