Total amount raised
$89M
Latest funding date
2025-11-19
Location
Numeric has successfully raised $51 million over 4 funding rounds, with the latest being a Series B round. The company is backed by 12 investors, including notable names like Fifth Down Capital and Long Journey Ventures.
What Is Numeric?
Numeric is an AI accounting software company based in San Francisco, California. The company specializes in automating accounting workflows and improving financial data management for businesses. With a team of 51-100 employees, Numeric has established itself as a key player in the accounting, analytics, AI, FinTech, and software industries.
Founded to streamline and enhance the efficiency of accounting processes, Numeric offers a comprehensive platform that includes close management, cash management, and an analytics suite. The company has successfully raised a Series B round and continues to innovate in the field of AI-powered close automation.
How Much Funding Has Numeric Raised?
- Seed Round
- Amount Raised: USD 10,000,000
- Date: May 7, 2024
- Lead Investors: No single lead investor publicly identified; co-investors include Founders Fund, Menlo Ventures, 8VC, Long Journey Ventures, Friends & Family Capital, and others
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and accelerate AI-powered accounting automation.
- Series A
- Amount Raised: USD 28,000,000
- Date: October 10, 2024
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate R&D efforts and transform accounting workflows through AI; new investors IVP and Socii Capital also participated alongside existing backers.
- Series B
- Amount Raised: USD 51,000,000
- Date: November 19, 2025
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel expansion from close automation to a unified financial data platform, including the launch of Cash Management.
Total Amount Raised: USD 89,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- IVP (Institutional Venture Partners)
- Details: IVP is a later-stage venture capital and growth equity firm. They led the Series B round and also participated in the Series A. They have a strong track record of investing in rapidly growing technology companies.
- Investment Focus Areas: Later-stage venture capital, growth equity.
- Notable Investments: Twitter, Slack, Snap, Dropbox.
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that invests in early-stage and growth-stage technology companies. They led the Series A round and also participated in the Seed round and Series B.
- Investment Focus Areas: Early-stage technology, growth-stage technology.
- Notable Investments: Uber, Roku, Warby Parker.
- Founders Fund
- Details: Founders Fund is a venture capital firm known for its investments in transformative technology companies. They participated in both the Seed round and Series B.
- Investment Focus Areas: Early-stage technology, growth-stage technology, transformative technology.
- Notable Investments: SpaceX, Palantir, Facebook.
- Long Journey Ventures
- Details: Long Journey Ventures focuses on early-stage investments in technology and consumer companies. They participated in both the Seed round and Series B.
- Investment Focus Areas: Early-stage technology, consumer companies.
- Notable Investments: Not specified.
- 8VC
- Details: 8VC is a venture capital firm that invests in early-stage and growth-stage technology and healthcare companies. They participated across the Seed, Series A, and Series B rounds.
- Investment Focus Areas: Early-stage technology, growth-stage technology, healthcare.
- Notable Investments: Wish, Blend, Guardant Health.
What's Next for Numeric?
Numeric stands at the cusp of significant growth, driven by a $28 million Series A funding round. This capital injection will fuel R&D efforts, expand the team, and enhance product offerings, positioning Numeric to address the increasing demand for AI-driven financial data management. The company's rapid growth, evidenced by a 4x increase in ARR and the acquisition of high-profile clients like OpenAI and Plaid, underscores the vast opportunities ahead.
Future fundraising appears promising, with strong investor interest suggesting potential for additional rounds to support continued expansion. However, challenges such as ensuring AI accuracy and scaling operations will require careful navigation. As Numeric continues to innovate, it remains well-poised to transform the accounting landscape.
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