Lockstep, a Seattle, WA-based provider of a connected accounting cloud, closed a $10m Series A funding.
The round was led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners.
The company intends to use the funds to expand product development and accelerate go-to-market initiatives.
Founded in 2019 and led by Peter Horadan, CEO, Lockstep provides a connected accounting cloud that empowers compliant accounting relationships between businesses of all sizes. The company serves more than 180 customers processing over 800 thousand invoices per month with almost 4 million entities.
Lockstep integrates over 40 ERP and accounting solutions into its cloud.