What is Autobooks?
Autobooks operates at the intersection of banking and business management, providing a comprehensive suite of invoicing, digital payment acceptance, and accounting solutions. By integrating these services directly into online and mobile banking platforms, the company enables financial institutions to offer a modernized, value-added experience to their commercial clients. This B2B2B model allows banks to retain small business customers by providing them with the tools necessary to manage cash flow, process payments, and streamline accounting workflows without leaving their primary banking interface. The company's market position is defined by its ability to transform traditional banking portals into robust operational hubs for small enterprises.
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, Draper Triangle, LLC, The InvestMichigan!, and Baird Capital
Debt (2020): $350K supported by PPP
Series B (2021): $25M featuring MissionOG
Series C (2022): $50M backed by Draper Triangle, Commerce Ventures, Baird Capital, TD Bank Group, Macquarie, and MissionOG
Other Financing Round (2025): $40M with participation from Runway Growth Capital
Key Investors in Autobooks
Detroit Venture Partners, LLC
Detroit Venture Partners is dedicated to supporting and founding early-stage tech companies that aim to drive progress in the world, leveraging a vast network of companies to ensure portfolio success.
Baird Capital
Baird Capital is a private equity and venture capital firm that invests in founder-led B2B tech and services companies globally, providing operational support and expertise to foster growth.
MissionOG
MissionOG is an investment firm focused on partnering with high-growth B2B companies that are driving the digitization of the economy, specializing in thematic investments in fintech and software.
What's next for Autobooks?
With the successful closure of its latest financing round, Autobooks is well-positioned to accelerate its product roadmap and expand its footprint within the global financial services sector. The strategic focus will likely shift toward deepening integrations with larger financial institutions and enhancing the platform's AI-driven insights for business users. By leveraging this capital, the company aims to further solidify its infrastructure, ensuring that its payment and accounting ecosystem remains the standard for digital banking innovation. As the demand for integrated financial services continues to rise, Autobooks is poised to capture additional market share by empowering banks to deliver seamless, high-utility experiences that drive long-term customer loyalty and operational efficiency.
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