Bench raises another $1 million

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It was just a couple days ago that we highlighted Vancouver-based Bench and their glorious ways to make accounting and bookkeeping a better experience. The company is reportedly growing 30% month-over-month and have processed over $160 million in bookkeeping transactions. Bench uses a mix of old school bookkeeping — actually speaking with a human — and leverages web and mobile apps to send, organize and view documents and reports.

The company announced a $2.1 million funding round last summer and today declared they’ve raised an additional $1 million from Contour Ventures, Alpine Meridian, Lerer Ventures, Quotidian Ventures, and a team of unnamed angel investors.

Jordan Menashy, co-founder of Bench, stated “With the relaunch this summer, we emphasized the human element of our solution – with Bench you get more than just software but also a professional bookkeeper to do your books for you. This struck a chord with small business owners, who are less concerned with apps and more concerned with having their bookkeeping done. Since then we’ve seen extraordinary growth, suggesting we’re on the right track to truly solving this problem for entrepreneurs. This new investment will support us in our continued growth and we look forward to welcoming more small businesses to Bench.”

Make sure you read our write-up of Bench here.
Via: peHUB

Ian Hardy

Ian Hardy

Been quietly creating and building things for years. Completely addicted to Tim Hortons and Maple Syrup.

  • Alex Chuang

    Way to go Bench!