
Total amount raised
$172.1 Millions
Latest funding date

Location
Pilot has successfully raised funds through multiple rounds, including a Series Unknown round on January 1, 2022, and a Secondary Market round on June 1, 2021. The company is backed by 26 investors, including Empede Capital, Toy Ventures, and Akkadian Ventures.
Keep reading to explore the intricacies of Pilot's fundraising journey and the investors backing this innovative platform.
What Is Pilot?
Pilot, founded in 2016, is headquartered in San Francisco, California. The company was established by Jeff Arnold, Jessica McKellar, and Waseem Daher.
Specializing in bookkeeping, tax, and CFO services, Pilot aims to streamline financial management for growing businesses. Their platform ensures accurate financial reports and automated accrual basis bookkeeping.
With a team of 251-500 employees, Pilot is dedicated to reducing the time, cost, and labor associated with traditional outsourced bookkeeping practices.
How Much Funding Has Pilot Raised?
- Seed Round
- Amount Raised: $3.3M
- Date: February 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial platform.
- Series A
- Amount Raised: $15.3M
- Date: March 2018
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Series B
- Amount Raised: $43M
- Date: April 2019
- Lead Investors: Index Ventures, Stripe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: $110.5M
- Date: January 2021
- Lead Investors: Bezos Expeditions, Sequoia Capital, Whale Rock Capital Management
- Valuation at Round: $1.2 billion
- Motivation Behind the Round: To modernize back office operations and expand service offerings.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: Akkadian Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2022
- Lead Investors: Empede Capital, Toy Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel further growth and innovation.
Total Amount Raised: $172.1M
Current Valuation: $1.2 billion
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a leading venture capital firm that has funded numerous successful companies. They led the Series C funding round for Pilot.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Apple, Google, Oracle
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology and life sciences companies. They participated in multiple funding rounds for Pilot, including Series A and Series B.
- Investment Focus Areas: Technology, life sciences
- Notable Investments: Dropbox, Slack, Etsy
- Stripe
- Details: Stripe is a technology company that builds economic infrastructure for the internet. They participated in the Series B funding round for Pilot.
- Investment Focus Areas: Financial technology, economic infrastructure
- Notable Investments: N/A (Stripe is primarily a company, not a venture firm)
- Bezos Expeditions
- Details: Bezos Expeditions is the personal investment company of Jeff Bezos, founder of Amazon. They were a key investor in the Series C funding round for Pilot.
- Investment Focus Areas: Technology, space exploration, media
- Notable Investments: Twitter, Uber, Airbnb
- Whale Rock Capital Management
- Details: Whale Rock Capital Management is a hedge fund that focuses on technology and media investments. They participated in the Series C funding round for Pilot.
- Investment Focus Areas: Technology, media
- Notable Investments: Amazon, Netflix, Facebook
What's Next for Pilot?
Pilot stands at the cusp of significant growth opportunities, driven by the increasing demand for scalable back office solutions among small and medium-sized businesses (SMBs). With over 1,000 customers and more than $3 billion in bookkeeping transactions, the potential for expansion is vast. The company aims to broaden its service offerings, including CFO services and financial strategies, to meet the evolving needs of SMBs.
Future fundraising appears promising, especially given the successful Series C round led by Sequoia Capital. As Pilot continues to grow, additional funding rounds could support further expansion and innovation. However, the company may face challenges such as competition and the need to maintain high-quality service as it scales. Ensuring the reliability and scalability of their services will be crucial for sustained success.
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