Pilot.com, a San Francisco, CA-based provider of bookkeeping services for startups and small businesses, raised $40m in Series B financing.
The round was led by Index Ventures, with participation from Stripe and existing investors.
The company, which has has raised approx. $59m to date, intends to use the funds to accelerate adoption of its bookkeeping service and product development.
Founded by Waseem Daher, CEO; Jeff Arnold, COO; and Jessica McKellar, CTO, Pilot provides bookkeeping services for startups and small businesses currently handling over $100M/mo in financial transactions.
The company provides small businesses with dedicated account managers—which Pilot hires as full-time, U.S.-based employees—who learn the ins-and-outs of their business, integrating automatically with the financial services customers already use and delivering bookkeeping to give entrepreneurs the freedom to focus on their business.
In addition to the round, the company announced the public launch of Pilot Tax. The service includes 1099 filings, income tax filings, tax support, and more.