ScaleFactor is a cloud-based business accounting solution suitable for small and midsize companies. The company is on a mission to automate the painful, time consuming tasks that burden business owners, entrepreneurs and executives.
ScaleFactor offers cloud software to provide automation tools for bookkeeping, forecasting, tax compliance, and financial analysis.
ScaleFactor was founded in 2014 by Kurt Rathmann and is based in Austin, Texas.
ScaleFactor’s team of finance, software development, marketing, and sales professionals share a common goal: to empower business owners to make the best strategic and financial decisions.
ScaleFactor’s intuitive software platform enables businesses to operate in real time with automated bookkeeping, proactive alerts, at-a-glance performance metrics and more.
ScaleFactor is backed by leading investors including Bessemer Venture Partners, Coatue Management, Canaan, Broadhaven Ventures, and Firebrand Ventures among others. The company raised $60M from a "Series C" financing on Aug 8, 2019. The latest round brings ScaleFactor's total funding to $103M to date.