Botkeeper Raises $42M in Series C Funding

Enrico Palmerino, CEO and Founder of Botkeeper

Botkeeper, a Boston MA-based automated bookkeeping solution provider, raised $42M in Series C funding.

The round was led by Grand Oaks Capital and Paychex founder Tom Golisano, who will take a seat on Botkeepr’s six-member board of directors.

The company intends to use the funds for the expansion of its platform, customer success teams, and strategic partnership initiatives.

Led by CEO and founder Enrico Palmerino, Botkeeper is an automated bookkeeping solution that provides accounting firms and their clients with a combination of skilled accountants, machine learning, and artificial intelligence. The various packages provide full-suite bookkeeping & pre-accounting solutions, a consolidated platform consisting of tools to optimize firm processes, and support, all designed to meet clients’ unique needs at any stage of growth.

Since its launch in July 2015, Botkeeper has expanded its services to approximately 200+ accounting firms and 5000+ small businesses throughout the United States.