Roger.ai secured $7.4M in a round led by QED Investors.
Roger.ai, a Copenhagen, Denmark and San Francisco, USA-based company providing financial serfvices based of an accounting automation tool, announced that it secured a $7.4M capital investment round.
The money was provided by a range of investors including QED Investors, 9Yards Capital, Silicon Valley Bank, Financial Venture Studio, BootstrapLabs, and Dan Wernikoff. Funding will be used to expand the company's operations.
Roger, founded in 2015 by by Christian Rasmussen and CEO Cathrine Andersen, built an accounting automation tool that can cut time businesses spend on day-to-day financial processes by as much as 80%. The solutionn works on top of existing accounting software to automate financial processes like bill pay, approvals, receipt scanning, compliance and bookkeeping with simple workflows anyone can set up and manage. Customers range from small to mid-sized businesses from virtually any industry to bookkeeping and major accounting firms.
The company previously raised a seed round of $2M from investors Financial Venture Studio, BootstrapLabs and multiple angel investors.