Botkeeper, a Boston, MA-based automated bookkeeping solutions provider, raised $4.5m in seed funding.
The round was led by Ignition Partners with participation from former Microsoft CFO John Connors; 500 Startups partner Matthew Johnson; Trevor Kienzle of Correlation Ventures; and Talla founder Rob May. In conjunction with the funding, Ignition Partners’ Kellan Carter and Atlantis Technologies’ CEO Tom Biggins joined Botkeeper’s board.
The company intends to use the funds for further product development and expanded sales and marketing activities.
Led by Enrico Palmerino, CEO, botkeeper provides customers with a platform automating bookkeeping tasks through a blend of dedicated machine learning (ML), artificial intelligence (AI), and human assistance.
With botkeeper, companies immediately secure a dedicated bookkeeper – referred to as a “botkeeper” – that provides accounting services virtually. A botkeeper represents a combination of technology and human assistance that can securely access a business’ financial information (e.g., banks, credit cards, and accounting software) to make entries, track and schedule revenue and deferred expenses, account for payroll, reconcile bank accounts, send invoices, and more.