Bench secures $20 mln in Bain Capital-led Series B round
Canadian online bookkeeping service Bench has raised $20 million (US$16 million) in a Series B financing. The round, which brings the startup's total funding to $33 million, was led by U.S. venture capital firm Bain Capital Ventures. Bain was joined by Altos Ventures and Contour Venture Partners, which also participated in Bench's Series A financing in January 2015. Bench, which was founded in 2012, is a provider of cloud-based technology that automates accounting tasks for small businesses and independent contractors for a monthly fee. Since the close of its Series A round, the company has doubled the workforce at its Vancouver headquarters and tripled its revenue, Bench reported.
3 May 2016•4 mins read
