WebFilings Closes $12.5M Series B Round of Funding

WebFilings, a Los Altos, CA and Ames, Iowa-based provider of an end-to-end solution for external financial reporting, has closed a $12.5m Series B round of funding.

This brings the total amount raised by the company to date to $24m.

WebFilings’ cloud-based software streamlines the manual process that companies currently use to draft and file Securities Exchange Commission (SEC) reports, including the recently-mandated XBRL reporting process.
The solution integrates word processing and spreadsheet functionality, EDGAR HTML conversion and XBRL mapping and tagging into a fully-integrated, end-to-end solution that helps SEC reporting teams meet reporting requirements for a range of regulatory filings.

The funds will be used to support the company’s customer acquisition and growth strategies.

Customers already includes United Airlines, Inc., Cabela’s Inc., Herman Miller, Inc., Rexnord/RBS Global, Inc., Black Hills Corporation, FBL Financial Group, Inc., First Solar, Inc., and Winnebago Industries, Inc.


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