What is Bench?
Founded in 2013 and headquartered in Vancouver, British Columbia, Bench has established itself as an all-in-one financial toolkit designed to replace traditional, fragmented accounting processes. By integrating professional bookkeeping services with intuitive software, the company provides business owners with real-time visibility into their financial health. Bench operates at the intersection of fintech and enterprise SaaS, positioning itself as a critical infrastructure partner for businesses seeking to automate back-office operations and ensure tax compliance through a unified digital interface.
How much funding has Bench raised?
Bench has raised a total of $94.1M across 6 funding rounds:
Angel/Seed
$2M
Unspecified
$1M
Series A
$7M
Private Equity
$6.1M
Series B
$18M
Series C
$60M
Angel/Seed (2013): $2M with participation from Lerer Ventures, Primary Venture Partners, Contour Venture Partners, and Quotidian Ventures
Unspecified (2014): $1M led by Notion, Quotidian Ventures, Lerer Hippeau Ventures, Alpine Meridian Ventures, Contour Venture Partners, and Hedgewood
Series A (2015): $7M supported by Alpine Meridian Ventures, Contour Venture Partners, Notion, Quotidian Ventures, Lerer Hippeau Ventures, Hedgewood, and Altos Ventures
Private Equity (2015): $6.1M, investors not publicly disclosed
Series B (2018): $18M backed by Inovia, Bain Capital Ventures, Silicon Valley Bank, and Altos Ventures
Series C (2021): $60M with participation from Contour Venture Partners, Shopify, Sage, BMO T&I, Altos Ventures, and Inovia
Key Investors in Bench
Bain Capital Ventures
A leading global private investment firm that provides flexible capital solutions and deep sector expertise to help companies achieve exceptional growth outcomes.
Altos Ventures
A Silicon Valley-based venture capital firm that typically serves as the first institutional investor, supporting technology companies through long-term growth cycles.
Inovia
A full-stack venture firm headquartered in Montreal that partners with founders to build enduring global technology companies by prioritizing human-centric investment strategies.
What's next for Bench?
With the support of its latest capital injection, Bench is well-positioned to accelerate its product roadmap and expand its market footprint. The company is expected to leverage this strategic backing to enhance its proprietary automation technology, potentially integrating deeper AI-driven insights to further reduce the administrative burden on its client base. As the demand for digital-first financial management continues to rise, Bench remains focused on scaling its operations to maintain its competitive edge in the North American market, supported by a robust network of institutional partners and venture capital backers.
See full Bench company page
