Total amount raised
$50 Millions
Latest funding date
3/1/2024
Location
Fieldguide has successfully raised significant funding through multiple rounds, with the latest being a Series B. The platform offers AI-powered solutions tailored for Assurance and Advisory firms.
Continue reading to delve into the details of Fieldguide's fundraising journey and the investors who support this innovative platform.
What Is Fieldguide?
Fieldguide, founded in April 2020, is based in San Francisco, California. The company was established by Chris Szymansky and Jin Chang.
Fieldguide specializes in providing AI-powered solutions for Assurance and Advisory firms, helping them enhance efficiency and client satisfaction. Their platform includes tools for engagement management, document management, request management, and reporting automation.
With a team of 101-250 employees, Fieldguide continues to innovate and support firms in building stronger client relationships and increasing margins.
How Much Funding Has Fieldguide Raised?
- Seed Round
- Amount Raised: $3M
- Date: August 2020
- Lead Investors: Floodgate
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial AI-powered platform and establish a market presence.
- Series A
- Amount Raised: $17M
- Date: March 2022
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support hypergrowth and further develop the AI capabilities of the platform.
- Series B
- Amount Raised: $30M
- Date: March 2024
- Lead Investors: Bessemer Venture Partners, Elad Gil
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities, expand market reach, and attract top-tier talent.
Total amount raised: $50M. Current valuation: Not publicly disclosed.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a prominent venture capital firm that helps entrepreneurs build long-standing companies. They have more than 145 IPOs and 300 portfolio companies across various sectors.
- Investment Focus Areas: Enterprise, consumer, healthcare
- Notable Investments: Pinterest, Shopify, Twilio
- Elad Gil
- Details: Elad Gil is an investor known for his involvement in early-stage startups. He has a background in technology and has been a part of several successful ventures.
- Investment Focus Areas: Early-stage technology, innovative startups
- Notable Investments: Not publicly disclosed
- 8VC
- Details: 8VC is a venture capital firm that invests in early-stage companies, particularly those leveraging technology to create significant impact. They participated in Fieldguide's Series B funding round.
- Investment Focus Areas: Artificial intelligence, healthcare, enterprise software
- Notable Investments: Not publicly disclosed
- Floodgate
- Details: Floodgate is a venture capital firm that invests in early-stage companies. They were the lead investors in Fieldguide's seed round.
- Investment Focus Areas: Early-stage technology, innovative startups
- Notable Investments: Not publicly disclosed
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups. They provide seed funding and support to early-stage companies.
- Investment Focus Areas: Technology, software, consumer products
- Notable Investments: Airbnb, Dropbox, Stripe
What's Next for Fieldguide?
Fieldguide stands at the cusp of a significant opportunity to address the CPA industry's talent shortage through its AI-powered platform. By automating manual tasks, the company aims to enhance efficiency and quality for advisory and audit firms. With nearly forty of the Top 100 CPA firms already using Fieldguide, the potential for growth is substantial.
Future fundraising seems promising, given the successful Series B round. As Fieldguide continues to expand its market reach and enhance its AI capabilities, additional funding rounds could be on the horizon. However, the company will need to navigate challenges such as competition from other AI platforms and ensuring data security and privacy.
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