Anduin Raises $14M in Seed Funding

Anduin, a Charlotte, NC-based provider of AI powered invoicing and billing solutions for accounting firms and other professional services firms, raised $14M in seed funding.

The round was led by Revolution Ventures with participation from Relevance Ventures and Merian Ventures. In conjunction with the funding, Revolution Ventures managing partner Tige Savage will join Anduin’s board and Graham Ober, vice president at Revolution Ventures, will join as a board observer.

The company intends to use the funds to expand its Intelligence-Based BillingTM platform to introduce a new Predictive Insights solution and a new suite of Practice Management solutions.

Led by CEO Justin Adams and CPO Ellen Choi, Anduin provides accounting firms with a platform to streamline their billing process and speed up their cash flow. Its Intelligence-Based Billing™ platform automates, shortens and improves processes like invoice prep, collections and payments. The company also provides receivable (AR) solutions built on its Intelligence-Based Billing platform. Anduin’s forthcoming solutions are:

  • Anduin Predictive Insights, which will combine firms’ disparate systems and data to provide firm leaders with real-time visibility into firm-wide performance,
  • Anduin Practice Management, which will constitute a cloud-based, mobile-enabled, open-architected, AI-powered, and modular suite of practice management solutions for the accounting profession.