Roger.ai, a San Francisco, CA-based accounting automation tool that can cut time businesses spend on day-to-day financial processes, raised a $7.35m Series A funding.
The round was led by QED Investors, with participation from 9Yards Capital, Silicon Valley Bank, Financial Venture Studio, BootstrapLabs, and Dan Wernikoff, former GM of QuickBooks and TurboTax, along with other angel investors.
The company intends to use the funds to continue to expand operations.
Led by Cathrine Andersen, CEO, and Christian Rasmussen, CTO, Roger works on top of existing accounting software to automate financial processes like bill pay, approvals, receipt scanning, compliance and bookkeeping with simple workflows anyone can set up and manage.
Customers range from small to mid-sized businesses from virtually any industry to bookkeeping and major accounting firms.
The company previously raised a seed round of $2M from investors Financial Venture Studio, BootstrapLabs and multiple angel investors.