iNovia Capital leads $22 mln Series B-1 financing of Bench
Vancouver-based online bookkeeping service Bench has secured about $22 million (US$18 million) in a Series B-1 financing. The round was led by iNovia Capital. As a result, iNovia Partner Shawn Abbott has joined the board. Additionally, Bain Capital Ventures, which led the company's Series B round in 2016, Altos Ventures and Silicon Valley Bank invested. Bench, founded in 2012 and led by CEO Ian Crosby, provides an automation platform that helps small businesses and independent professionals reduce bookkeeping labour time by 75 percent. It plans to use the funds raised to accelerate platform development, grow the team, and expand the service.
31 January 2018•3 mins read
