What is Autobooks?
Autobooks operates at the intersection of fintech and banking, providing a comprehensive suite of invoicing, digital payment acceptance, and accounting tools. By embedding these capabilities directly into the online and mobile banking platforms of financial institutions, Autobooks enables banks to offer a unified experience that simplifies financial management for small businesses. This integration allows business customers to manage their accounting, process payments, and handle receivables without leaving their primary banking environment, effectively transforming the bank into a central hub for business operations.
How much funding has Autobooks raised?
Autobooks has raised a total of $127.3M across 6 funding rounds:
Angel/Seed
$2M
Series A
$10M
Debt
$350K
Series B
$25M
Series C
$50M
Other Financing Round
$40M
Angel/Seed (2015): $2M with participation from Standup Detroit
Series A (2018): $10M led by Detroit Venture Partners, LLC, CU Solutions Group, The InvestMichigan!, Draper Triangle, LLC, and Baird Capital
Debt (2020): $350K supported by PPP
Series B (2021): $25M featuring MissionOG
Series C (2022): $50M backed by TD, Baird Capital, Macquarie, Draper Triangle, Commerce Ventures, and MissionOG
Other Financing Round (2025): $40M with participation from Runway Growth Capital
Key Investors in Autobooks
TD
The Toronto-Dominion Bank is a major multinational financial institution providing a wide range of retail and commercial banking, wealth management, and capital market services.
Baird Capital
Baird Capital is a global private equity and venture capital firm that focuses on founder-led B2B technology and services companies, providing operational expertise to foster scaling.
MissionOG
MissionOG is a thematic investment firm specializing in high-growth B2B companies that drive the digitization of the economy, particularly within the fintech and software sectors.
What's next for Autobooks?
With the successful acquisition of $40M, Autobooks is well-positioned to accelerate its product roadmap and expand its footprint within the competitive landscape of B2B financial services. The company is expected to leverage this capital to enhance its AI-driven accounting features and deepen its integration capabilities with major financial institutions. As the demand for seamless, integrated digital banking experiences continues to rise, Autobooks is poised to capture further market share by empowering banks to deliver superior value to their small business clients, ultimately driving long-term sustainable growth and industry-wide adoption of its platform.
See full Autobooks company page
