Ceterus, a Charleston, South Carolina-based automated accounting and benchmarked reporting platform for small business, closed a $6m in Series A-1 extension funding.
The round was led by Grotech Ventures with participation from existing investors TechOperators, The IDEA Fund, and Alerion Ventures.
The company, which has raised $10.2m in venture capital, intends to use the funds for growth of the team, expansion into new small business markets as well as developing additional functionality for customers.
Levi Morehouse, CEO and Founder, Ceterus provides a complete automated accounting and benchmarked reporting solution, which gives small business owners instant access to their financials, as well as peer-benchmarks, key performance metrics, and daily balances, from any connected device. Edge aggregates data from customers’ point-of-sale, bank, and payroll systems, allowing the automation technology to reduce manual accounting processes.