ScaleFactor

Closed

Austin, United States · Founded 2017

Headquarters
Austin, Texas
Employees
51–200
Founded
2017
Business Model
B2B
Last Round
Series CAug 2019
Rounds
5

About

ScaleFactor was an Austin-based smart finance and accounting platform that automated bookkeeping, provided proactive alerts, and delivered at-a-glance performance metrics for small businesses. The company raised over $100 million before shutting down in 2020 amid controversy over reliance on manual accountants rather than true automation.

Summary

ScaleFactor is an Artificial Intelligence company based in Austin, United States, founded in 2017. Its most recent funding was a Series C round in Aug 2019. Investors include Canaan Partners, Coatue Management and Broadhaven Ventures.

Tech & App Stack

3 technologies & apps tracked

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Funding History

Series CSeries CAug 2019

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Full funding history, per-round amounts, and investor participation.

Investors

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