Coming from the world of finance, Nathan understands and is familiar with the importance of finance/accounting software, and the complexities, struggles, and nuances that come with them. He has over 15 years of analytical experience in industries ranging from health care and transportation logistics to food service and software. Nathan received his MBA in finance and international business administration from the University of Illinois, Chicago, and his B.S. In production and operations management from California State University, Chico. Most of these features were supposed to be powered by a combination of artificial intelligence (AI) tools and accounting experts. In recent weeks, we’ve reported on a number of notable fundings in the space, including Stackin’ raising over $4 million and MoneyLion’s $100 million Series C haul.

• The funding follows a number of recent initiatives including ScaleFactor’s release of its inaugural State of SMB Finance Report, national expansion into Denver, and being named as one of Inc.
• Nathan is a Senior Research Analyst at G2 focusing on finance and accounting software and their respective markets.
• ScaleFactor, a fintech startup that enables small business owners to focus on their core business by automating complex back-office operations, has secured $30 million Series B round of funding to add new product features, hire more staff at its Austin headquarters and expand nationwide.
• The round included Broadhaven Ventures, a branch of independent investment bank and advisory firm Broadhaven, as well as venture capital fund Firebrand Ventures and VC firm Canaan Partners, taking the company’s overall funding to approximately $42.9m.
• The round was led by Coatue Management, with participation from returning investors Bessemer Venture Partners, Canaan, Broadhaven Ventures, and Firebrand Ventures as well as new investors Vulcan, Stripes Group, and NextPlay Capital, among other prominent angel investors.
• In addition to hiring new staff, the company said it will use the funding to add additional features to the platform.

ScaleFactor to grow with $30m series B

By consolidating all financial data into one single easy-to-use platform, SMB owners have a complete and transparent view of their finances in real-time and are empowered to establish consistent financial habits. SMB owners using ScaleFactor’s accounting software can strategically utilize financial data to drive decision-making in real-time, which results in time savings and increased accuracy. The company forwent Texas-based investors, turning to mostly West Coast-based money for its Series C. Coatue Management led this latest round (its exits include Uber, Lending Club, Reddit and Lyft).

ScaleFactor’s funding and investors

New York Ventures supports high-growth companies and their partners to use technology to solve important challenges in areas of strategic interest and importance. We actively look to provide greater access to venture capital for regions, industries and individuals, including women and minority entrepreneurs and fund managers. Our goal is to build a robust startup ecosystem across New York State, leveraging public and private sector assets. It was then reported that customers started to cancel, while some of them demanded refunds. According to former customers mentioned in the article, ScaleFactor was overpromising and underdelivering, creating erroneous bookkeeping, and being viewed as more of a bookkeeping service business than a software platform.

• No additional grants to carry out or direct this particular research were obtained.
• Since 2015, NY Ventures has invested directly and through its 7 partner funds to close gaps in access to capital.
• New York Ventures supports high-growth companies and their partners to use technology to solve important challenges in areas of strategic interest and importance.
• The influence of the scale factor of the deformation zone, which is understood here as the ratio of the cross-sectional areas of the billet and roll, on the rolling speed and force conditions is analytically modeled using the slip-line technique.
• He has over 15 years of analytical experience in industries ranging from health care and transportation logistics to food service and software.

The Crunchbase Tech Layoffs Tracker

This funding round includes returning scalefactor investors Bessemer Venture Partners, Canaan, Broadhaven Ventures, and Firebrand Ventures as well as new investors including Vulcan, Stripes Group, and NextPlay Capital, among other prominent angel investors. Austin-based fintech startup ScaleFactor has raised a $60 million Series C just seven months after closing its $30 million Series B, and just over a year after closing its $10 million Series A. In total, the company has raised $100 million since last July. GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services – News & Analysis, Community & Events, and the GCV Institute – we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources. “In time, we want to be known as the news feed for a business,” Rathmann said.

New York Ventures

ScaleFactor’s online financial software empowers small- and mid-size businesses (SMB) by streamlining and automating back-office tasks. From bookkeeping to payroll, ScaleFactor provides a built-in cadence to business operations, giving owners access to tools and insights previously only available to enterprise companies. The new capital will allow the company to expand its ‘business OS’ capabilities and offer new solutions to SMBs, firmly establishing ScaleFactor as the foundational platform for SMB operations. The ScaleFactor platform taps into the often overlooked SMB market, providing technology and insights CARES Act traditionally reserved for large businesses and enterprises.

We give you the inside scoop on what companies are doing with generative AI, from regulatory shifts to practical deployments, so you can share insights for maximum ROI. 8 investors participated in its latest round, which includes Coatue, Broadhaven Capital Partners, Bessemer Venture Partners, Canaan, Firebrand Ventures, Next Play Capital, Vulcan Capital, Stripes. In addition to hiring new staff, the company said it will use the funding to add additional features to the platform. No additional grants to carry out or direct this particular research were obtained. The influence of the scale factor of the deformation zone, which is understood here as the ratio of the cross-sectional areas of the billet and roll, on the rolling speed and force conditions is analytically modeled using the slip-line technique. For the rolls under consideration, the existence of an optimal scale factor of the deformation zone is revealed, which ensures the most effective action on the macrostructure of the deformed billet.

The Case For Revenue-Focused Platforms In The Life Sciences

• The company forwent Texas-based investors, turning to mostly West Coast-based money for its Series C. Coatue Management led this latest round (its exits include Uber, Lending Club, Reddit and Lyft).
• ScaleFactor was kickstarted in 2017 when it received $2.5 million in funding from Techstars Austin, and then caught the attention of Canaan Partners, who invested another $10 million in 2018.
• Coatue Management, L.L.C., founded by Philippe Laffont in 1999, is one of the largest dedicated technology funds in the world with offices in New York, Menlo Park, San Francisco and Hong Kong.
• ScaleFactor, an Austin, Texas-based intelligent finance and automated accounting platform, raised $60m in Series C funding.
• On the heels of its Series B in January 2019, ScaleFactor has raised a total of $100 million in the past year.

Procure to pay (P2P) software provider Zip has raised $100 million in a Series C funding… Coatue Management, https://www.bookstime.com/articles/billable-hours L.L.C., founded by Philippe Laffont in 1999, is one of the largest dedicated technology funds in the world with offices in New York, Menlo Park, San Francisco and Hong Kong. Coatue currently manages approximately $16 billion in assets on behalf of individuals, endowments, foundations, and other institutional investors. ScaleFactor has 17 institutional investors including Techstars, Next Coast Ventures and Firebrand Ventures. Less than a month later, an article was published on Forbes claiming that ScaleFactor’s collapse was due to entirely different reasons than those laid out by Rathmann. Before diving into the nitty gritty of the Forbes article claims, let’s learn more about ScaleFactor—what they were setting out to accomplish and how they managed to raise significant funds in such a short amount of time.