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Botkeeper
AI bookkeeping for accounting firms
- 201-500 employees
- B2B
- Artificial Intelligence
- Bookkeeping
- Machine Learning
- SaaS
- Accounting
- Automation
- Leather District, Boston, MA
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Company mission
To make accounting professionals exponentially more valuable to their clients through efficiency, precision, innovation, insights, and a transformational experience.
Our take
Botkeeper is mining a classic modern startup vein: using AI to automate out the grunt work involved in a specific area of industry. In this case, its AI-led software provides bookkeeping support to accounting firms, automating out areas like data entry, classifications, and reconciliations.
Importantly, its human assisted AI; Botkeeper isn’t quite yet at a point where AI can be handed the reins entirely. However, it can substantially improve the accuracy of bookkeeping on top of its time-efficiency - and with the US starting down the barrel of a potentially sharp economic downturn, chances are businesses will be investing more in tracking their spending.
This is motivating VCs to pour money into AI accounting startups, but that rising tide is lifting both Botkeeper and its growing competition. Just recently Pilot announced a healthy funding round, and smaller startups like Dokka, Eleven, and Docyt are all growing into the demand.
Botkeeper’s steadily growing client list and partnerships has allowed it to reduce its price point, and it’s reportedly working on building out new features - with business belts tightening, this could be the competitive edge it needs.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Annual Company Retreat
- Amazing Team
- Health Plans
- Employee Recognition Awards
- Health & Wellness Programs
- Happy Hours
- Paternity/Maternity Programs
- Coffee & Snacks
- Unlimited Vacation
Company values
- Go hard - We are “get shit done” people; that doesn’t mean we work endlessly, it means when we're here, we're here all the way. We compete with ourselves daily!
- Continuously improve - We challenge the status quo daily, and we get comfortable with constant change. We're curious, try often, make mistakes, and learn from them. Then we do it all again
- Care - We bring solutions, not problems. We're proactive and we go the extra mile, while remaining humble. Our hands are always in the air to offer help
- Do what’s right - We do what’s right for the company and put our customers first, leading with integrity and honesty. We voice concerns and don't shy from addressing the elephants in the room
Funding (last 2 of 4 rounds)
Nov 2021
$42m
SERIES C
Jun 2020
$25m
SERIES B
Total funding: $89.5m
This company has top investors
Leadership
Angelina DeLago
(VP of Product)Principally worked in marketing at SmartBooks Corp., Paporize, and Enrico LLC.
Enrico Palmerino
(CEO)Previously the CEO of ThinkLite, then served as MD for SmartBooks Corp. Has also served on the boards of GVNA Healthcare and, currently, Fidelity Bank and OnProcess Technology.