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§ Private Profile · 200 Central Ave., St. Petersburg, FL 33701
Automated bookkeeping SaaS platform using human-assisted AI for accounting firms & small businesses. Automates data entry & CAS solutions.
Based in Boston, Massachusetts, Botkeeper was a software company that provided an automated bookkeeping platform utilizing human-assisted machine learning and artificial intelligence for accounting firms. Operating on a subscription-based software-as-a-service model, the platform processed more than 40 million transactions per quarter by automating data entry and delivering scalable client advisory services. Before ceasing operations in February 2026 due to macroeconomic shifts and client consolidation, the enterprise served over 200 accounting firms and more than 5,000 small to mid-sized businesses. The company raised nearly $90 million in total funding, including a $42 million Series C round, with backing from prominent institutional investors such as Tom Golisano of Grand Oaks Capital and Gradient Ventures, while securing major corporate clients like Withum. Botkeeper was founded in 2015 by Enrico Palmerino, Louie Balasny, Angelina DeLago, and Andy Gauthier.
Botkeeper has raised $90.0M across 5 funding rounds.
Botkeeper has raised $90.0M in total across 5 funding rounds.
Botkeeper has raised $90.0M across 5 funding rounds. Most recently, it raised $42.0M Series C in November 2021.
Botkeeper has raised $90.0M in total across 5 funding rounds.
Botkeeper's investors include Tom Golisano, Point72 Ventures, Ankona Capital, Audacious Ventures, Benchmark, BIP Capital, Bread and Butter Ventures, Deep Fork Capital, General Catalyst, GSR Ventures, High Alpha, Hustle Fund.
Botkeeper is a cloud-based bookkeeping platform that automates financial tasks for accounting firms and small to mid-sized businesses using AI, machine learning, and human oversight.[1][2][3][5] It serves accounting firms by handling transaction categorization, reconciliations, reporting, invoicing, payroll integration, and catch-up bookkeeping, allowing firms to scale without hiring overhead while integrating seamlessly with tools like QuickBooks Online and Xero.[1][3][4] The platform solves the problem of time-consuming manual bookkeeping by combining automation for routine tasks with expert review for accuracy, delivering real-time dashboards, secure data syncing from over 16,000 institutions, and customizable insights to boost efficiency and reduce errors.[1][2][5]
Growth momentum is evident from its expansion since 2015, now supporting over 200 accounting firms and 5,000+ business clients with features like Dedicated Services for tailored support and SOC2 Type 2 compliance for security.[2][5][6] Pricing starts at $55 per month, with add-ons for enhanced human-assisted services, enabling firms to focus on high-value advisory work.[4]
Founded in 2015 in Boston, Massachusetts, Botkeeper emerged to address inefficiencies in traditional bookkeeping for accounting firms, blending offshore bookkeepers (primarily in the Philippines) with U.S.-based oversight and AI-driven technology.[3][5] The idea stemmed from recognizing that firms needed scalable outsourcing without quality loss, starting as a managed service model that combined standardized workflows, machine learning for automation, and human expertise.[2][3] Early traction came from client feedback highlighting needs for adaptability beyond rigid processes, leading to evolutions like Dedicated Services for personalized support and platform expansions including Smart Connect and auto-reconciliations.[2][6] Pivotal moments include building a team of 247 employees and proving the model across diverse verticals, replacing tools like Hubdoc while sitting atop core accounting software.[3][5]
Botkeeper rides the AI automation wave in fintech and accounting, capitalizing on cloud-based tools that shift accountants from data entry to advisory roles amid rising demand for real-time financial intelligence.[1][7][8] Timing is ideal post-2020 digital acceleration, as small businesses and firms face talent shortages and compliance pressures, with market forces like remote work and ML advancements favoring hybrid solutions over pure manual or fully outsourced models.[2][3][5] It influences the ecosystem by enabling 200+ firms to serve 5,000+ clients scalably, reducing errors, and standardizing processes—pushing competitors toward AI integration while empowering practices to innovate in areas like predictive analytics.[6][8]
Botkeeper is poised to dominate automated bookkeeping by deepening AI for predictive insights and expanding Dedicated Services globally, potentially integrating generative AI for automated advisory.[1][8] Trends like embedded finance and regulatory tech will shape its path, amplifying demand as firms chase efficiency in a high-growth SMB market. Its influence could evolve from service provider to full financial OS, tying back to its core strength: freeing accountants for impact, much like its founding promise to scale without the grind.[2][6]