Blue Onion, a NYC-based subledger used by retail and ecommerce brands, raised $10M in Series A funding.
The round, which brought total funding to $17.6M, was led by Viola FinTech with participation from existing investors Y Combinator, Entrée Capital, Green Visor, and Vinyl Capital.
The company intends to use the funds to launch new AI-driven features to expand integrations, support more financial accounts, enhance customization, and refine automation for precise and effortless bookings. Additionally, they’re investing in building a community through strategic partnerships, events, and customer education.
Founded in 2020 by co-founders and CEO Lyndsey Bunting, CTO Charley McMillian, and Chief Data Scientist Manav Malhotra, Blue Onion provides a subledger designed to provide retailers with accurate financial data, optimizing operations and automating accounting workflows. Its AI-powered reconciliation algorithms match orders, payments, and cash receipts.
The Blue Onion subledger is used by companies like Supergoop!, BarkBox, and a.k.a. brands.
FinSMEs
16/04/2025