Ceterus, a Charleston, SC-based accounting and benchmarked reporting company, closed $10m in Series B venture capital funding.
The round, which brings total fundraising to $20.2m raised since 2016, was led by Harbert Growth Partners with participation from earlier investors TechOperators, GroTech Ventures, Idea Fund Partners, and Alerion Ventures. In conjunction with the funding, Wayne Hunter, the Co-Founder and Managing Partner at Harbert, will join Ceterus’ board of directors.
The company intends to use the funds to hire software engineers and accountants and continue the development of its platform.
Led by Levi Morehouse, Founder and CEO, Ceterus delivers a SaaS based accounting and benchmarked reporting solution for small business entrepreneurs. Its Edge Automation system automates entries into QuickBooks Online and aggregates financial data to provide peer benchmarked reporting.