MakersHub, an Austin, TX-based provider of an accounts payable platform for data-driven businesses and their accounting partners, raised $7M in additional Seed funding.
The round was led by QED Investors and TTV Capital, bringing total funding to $11.5M. Other investors included Dash Fund and four angel investors, in addition to new investor TRB Advisors. QED Partner Laura Bock and independent advisor Athletic Brewing Company CEO Bill Shufelt will join the Board of Directors.
The company intends to use the funds to support its customer growth by accelerating investment in platform infrastructure and scaling the sales and marketing teams.
Co-founded in 2021 by Phong Ngo and Charley Howe, who met at The Wharton School’s Executive MBA program, MakersHub helps companies with heavy accounts payable process needs by comprehensively capturing data and enabling users to utilize it in a meaningful way. It saves businesses and accounting professionals time, reduces errors and facilitates business insights.
Today, MakersHub has more than 200 paying customers, a network of several thousand payees and has enjoyed more than 10x year-to-date growth rates on nearly every commercial metric it tracks.
FinSMEs
03/12/2024