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Connected Account Startup Lockstep Secures $10 Million Through Series A Funding Round Led By Point72 Ventures

Connected Account Startup Lockstep Secures $10 Million Through Series A Funding Round Led By Point72 Ventures

Lockstep, a U.S.-based connected accounting cloud, announced on Wednesday it secured $10 million through its Series A funding round, which was led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners. Founded in 2019, Lockstep stated it has helped more than 180 customers process over 800 thousand invoices per month with almost four million entities.
“We believe there is a better way to keep books up to date and cash flowing. At Lockstep, we’re re-imagining how accounting teams work by transforming the current network of emails into a network of trusted connections between accounting systems. Lockstep makes accounting more accurate and timely, improves cash flow, and frees staff to focus on high value activities. We call it connected accounting.” ....

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Connected Accounting Startup Lockstep Closes $10M Series A

Connected Accounting Startup Lockstep Closes $10M Series A
Hiring Up to Eliminate Cash Traps and Leaks in B2B Accounting
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SEATTLE, Feb. 3, 2021 /PRNewswire/ Lockstep, the world s first connected accounting cloud, today announced the close of a $10 million Series A funding round led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners.
Founded in 2019, Lockstep helps more than 180 customers process over 800 thousand invoices per month with almost 4 million entities. Lockstep integrates over 40 ERP and accounting solutions into its connected accounting cloud. Lockstep was recently named a Major Player in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Receivable Automation Applications for Midmarket 2020-2021 Vendor Assessment (doc # US47032320, December 2020). The new funding will be deployed to expand product development and accelerate go-to-market initi ....

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