Bench, 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.