Bookkeeping automation provider Botkeeper announced that it has raised $42 million in Series C funding.
The company plans to use the money to expand its platform and customer success teams, and for strategic partnerships.
The funding round was led by Grand Oaks Capital, which was founded by Paychex founder Tom Golisano, who will join Botkeeper’s six-person board of directors.
“I couldn't be more thrilled to partner with and learn from someone as legendary as Tom,” said Botkeeper CEO and founder Enrico Palmerino in a statement. “This partnership, the capital and adding Tom to our board will help accelerate our growth and product strategy. We remain hyper-focused on delivering solutions to accountants and the industry as a whole that maximize capacity, increase accuracy, assist with retention, accelerate growth and improve client experience.”
“I’m excited to be part of the next phase of Botkeeper’s growth,” said Golisano in a statement. “Enrico has built an incredibly disruptive company that has a tremendous amount of market potential.”
Botkeeper combines artificial intelligence, machine learning and its own skilled accountants to provide automated bookkeeping support specifically to accounting firms. It raised $25 million in Series B funding in June 2020, and
