Bench Closes $16M Series B Funding

benchBench, a Vancouver, Canada-based online bookkeeping service for small businesses and independent contractors, closed a $16m Series B funding.

The round was led by Bain Capital Ventures with participation from Altos Ventures and Contour Venture Partners.

The company, which which has raised $33m to date, intends to use the funds for product enhancements and rollout of a new product.

Founded by Ian Crosby, Jordan Menashy, Adam Saint and Pavel Rodionov in 2012, Bench automates accounting tasks for small businesses and independent contractors for a monthly fee via software and a live bookkeeping team.
The company currently services thousands of business owners and employs 230 people.



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