# Zeni

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

- Industry: Financial Services
- Headquarters: Palo Alto, US
- Website: www.zeni.ai
- Total disclosed funding: $48M
- Latest round: Series B (Aug 4, 2021)
- Investors on record: 9

## About

Based in California, US, and founded in 2019, Zeni Inc. operates as a developer of a bookkeeping and accounting platform that utilize artificial intelligence. The company was co-founded by Swapnil Shinde and Snehal Shinde. In August 2021, the firm raised USD 34 million in Series B funding from Elevation Capital, Dragon Capital, Liquid 2 Ventures, and Think Investments.

The company's line of services includes bookkeeping, financial projections and analysis, tax returns, real-time reporting, bill payments and invoicing, and employee reimbursements.

The company generates revenue by charging monthly fees depending on the pricing plans subscribed to by the clients. It charged USD 299 per month for the bookkeeping plan, USD 549 for the full-service plan, and USD 799 for the professional plan. Zeni Inc. grew its revenue by 550% year-over-year.

Zeni Inc. plans to use its Series B funding to continue scaling and building its intelligent bookkeeping and accounting platform and services to more customers by investing aggressively in its team in the U.S. and India across product, technology, marketing, sales, and finance operations. and to double or triple the finance team in 2022.

## Funding rounds

- Series B, Aug 4, 2021, $34M — Sierra Ventures, Dragon Capital, Saama Capital, Think Investments, Elevation Capital, Liquid 2 Ventures, Twin Ventures
- Series A, Mar 9, 2021, $12M — Sierra Ventures, SVB Capital, Dragon Capital, Saama Capital, Firebolt Ventures, Liquid 2 Ventures, Twin Ventures
- Seed, Sep 1, 2019, $2M — Twin Ventures

## Investors

- Twin Ventures (https://capitalatlas.ai/funds/twin-ventures) — Seed, Series A, Series B
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series A, Series B
- SVB Capital (https://capitalatlas.ai/funds/svb-capital) — Series A
- Dragon Capital — Series A, Series B
- Saama Capital (https://capitalatlas.ai/funds/saama-capital) — Series A, Series B
- Firebolt Ventures (https://capitalatlas.ai/funds/firebolt-ventures) — Series A
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Series A, Series B
- Think Investments — Series B
- Elevation Capital — Series B