# Numeric

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.numeric.io
- Total disclosed funding: $89M
- Latest round: Series B (Nov 19, 2025)
- Investors on record: 11

## About

Based in California, US, and founded in 2021, Velocity Labs Inc., trading under the name, Numeric, operates as a financial technology company that focuses on providing an artificial intelligence-based software solution for the analysis and management of accounting data. In November 2025, Numeric raised USD 50.82 million in series B funding from Institutional Venture Partners, Socii Capital, 8VC, Menlo Ventures, Friends & Family Capital, Long Journey Ventures, Founders Fund, and Access Industries. 

The company provides AI-powered close automation solutions for accounting teams, enabling them to organize their month-end close, streamline reconciliations, and leverage AI for auto-drafted flux analysis and rapid reporting. Numeric's platform empowers users to build automated workflows, access real-time monitoring, and generate reports with ease. In addition, the platform offers a wide range of features, including close management, account reconciliation, flux analysis, ledger integrations, and more.

The company generates revenue from the subscriptions to its platform packages, which include Essentials, Growth, and Enterprise.

## Funding rounds

- Series B, Nov 19, 2025, $51M — Institutional Venture Partners, Menlo Ventures, Founders Fund, Access Industries, Alkeon Capital Management, 8VC, Socii Capital, Long Journey Ventures, Fifth Down Capital, Friends & Family Capital
- Series A, Oct 10, 2024, $28M — Menlo Ventures, Founders Fund, Access Industries, 8VC, Socii Capital, Long Journey Ventures, Friends & Family Capital, IVP
- Seed, May 1, 2024, $10M — Menlo Ventures, Founders Fund, 8VC, Long Journey Ventures, Friends & Family Capital

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Seed, Series A, Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed, Series A, Series B
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed, Series A, Series B
- Long Journey Ventures (https://capitalatlas.ai/funds/long-journey-ventures) — Seed, Series A, Series B
- Friends & Family Capital (https://capitalatlas.ai/funds/friends-family-capital) — Seed, Series A, Series B
- Access Industries (https://capitalatlas.ai/funds/access-industries) — Series A, Series B
- Socii Capital (https://capitalatlas.ai/funds/socii-capital) — Series A, Series B
- IVP — Series A
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series B
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series B
- Fifth Down Capital — Series B