Zeni, a Palo Alto, CA-based AI-powered finance concierge startup, raised $34m in Series B funding.
The round was led by Elevation Capital with participation from new investors Think Investments and Neeraj Arora and existing investors Saama Capital, Amit Singhal, Sierra Ventures, Twin Ventures, Dragon Capital and Liquid 2 Ventures. In conjunction with the funding, Ravi Adusumalli, Founder and Managing Partner at Elevation Capital, joined Zeni’s board.
The company will use the funds to bring its intelligent bookkeeping and accounting platform and services to more customers by investing in its team in the U.S. and India across product, technology, marketing, sales, and finance operations.
Led by Swapnil Shinde, Co-Founder and CEO, and Snehal Shinde, Co-Founder and Chief Product Officer, Zeni is bookkeeping and accounting platform that provides real-time insights and flux analysis of a company’s key financial metrics via its AI-powered Zeni Dashboard, including Cash In and Cash Out analysis, Universal Search of transactions across a startup’s entire finance stack, Spend and Income Trends for every customer and vendor in their ecosystem, and more.
Today, the company manages more than $500m in funds each month across more than 100 startup customers, which range from pre-revenue startups to businesses generating more than $100 million in annual revenue.