Briefcase, a London, UK-based accounting automation startup, raised $3M in funding.
The round was led by Earlybird with participation from Entrepreneur First and Tiny, alongside angel investors Charlie Songhurst, Mark Ransford, Greg Marsh, Bill Earner, Chris Mairs and executives from Pennylane, Deel, Pleo, and 11X.
The company intends to use the funds to expand its team by hiring engineers and product specialists to accelerate product development.
Led by CEO Reuben Steenkamp, Founded by Reuben Steenkamp, formerly part of the CFO office at Starling Bank, and Jan Stehlik, who previously built AI systems at fintech startup Nous, Briefcase provides an AI-native accounting automation platform that aims to eliminate tedious accounting tasks from bookkeeping to month-end close using using agentic AI technologies.
Despite being in its pre-launch phase, Briefcase has already partnered with several accounting firms in the UK, including a top 100 practice. The company is currently in beta with select early adopters, actively engaging with them to refine its product through frequent feedback and a validated product roadmap.
FinSMEs
06/12/2024