Lockstep Raises $10M in Series A Funding


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.