accounting platform ceterus raise
Accounting Platform Ceterus Raises $10M Series B to Automate Bookkeeping With AI - Hypepotamus
Automated accounting startup Ceterus has closed a $10 million Series B funding round, led by Harbert Growth Partners with participation from investors TechOperators, GroTech Ventures, Idea Fund Partners, and Alerion Ventures. "We hope to leverage the funds by continuing to invest in our product. We raised our first round a little over two years ago, and with that, we did a lot to automate the process of bookkeeping," says Levi Morehouse, founder and CEO. "What we hope to do now is to continue that effort, but to move toward automating analysis and insights -- giving the small business entrepreneurs that use our product visibility and analysis on what may happen in the future using all of the data that we have, related to the history of what they've done." Charleston-based Ceterus solves two problems with its automated one-stop accounting platform.