What is Gappify?
Founded in 2016 and headquartered in Oakland, California, Gappify offers cloud-based accrual automation solutions tailored for mid-market and enterprise accounting teams. With additional offices in New York City and Manila, Philippines, the company addresses a critical need for efficiency and accuracy in financial processes. Gappify's platform is designed to streamline complex accrual calculations, providing accounting departments with enhanced control and visibility over their financial reporting. The company's focus on automation positions it as a key player in the fintech and accounting software space, aiming to reduce manual effort and mitigate compliance risks for its clients.
How much funding has Gappify raised?
Gappify has raised a total of $16.2M across 3 funding rounds:
Angel/Seed
$185K
Series A
$6M
Series B
$10M
Angel/Seed (2020): $185K with participation from Founders AI
Series A (2021): $6M led by Rally Ventures
Series B (2023): $10M supported by Stage 2 Capital, FINTOP Capital, and Rally Ventures
Key Investors in Gappify
Stage 2 Capital
Stage 2 Capital is a venture capital fund that invests in B2B software companies, leveraging a large network of go-to-market experts to support portfolio companies in scaling their revenue. Their unique model combines VC experience with operational expertise.
FINTOP Capital
FINTOP Capital is a venture capital firm specializing in B2B fintech, founded by experienced entrepreneurs and operators. They focus on providing pressure-tested playbooks and leveraging a strong network of strategic limited partners.
Rally Ventures
Rally Ventures focuses on investing in early-stage business technology companies, particularly in AI/ML, cybersecurity, fintech, and SaaS+. They provide strategic resources and collaborate with a network of tech partners to support portfolio companies.
What's next for Gappify?
The recent major strategic investment signals a new phase of growth and development for Gappify. This capital infusion is likely to be directed towards expanding its product offerings, enhancing its technological infrastructure, and broadening its market reach. As Gappify continues to mature, it is poised to further solidify its standing in the enterprise accounting software market, potentially exploring new verticals or deepening its existing solution capabilities. The company's strategic backing suggests a focus on scaling its go-to-market strategy and further innovating its accrual automation technology to meet the evolving demands of large accounting departments.
See full Gappify company page
