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. The company addresses a critical need in financial operations by streamlining the complex process of accrual accounting, thereby enhancing efficiency and accuracy for its clients. With additional offices in New York City and Manila, Philippines, Gappify has established a global presence to support its growing customer base. The company's focus on automation within the accounting sector positions it as a key player in the fintech and enterprise software markets.
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 FINTOP Capital, Stage 2 Capital, and Rally Ventures
Key Investors in Gappify
FINTOP Capital
FINTOP Capital is a venture capital firm specializing in fintech, founded by experienced entrepreneurs and operators. They focus on B2B fintech and leverage a strong network of strategic limited partners and industry connections to support portfolio companies.
Stage 2 Capital
Stage 2 Capital is a venture capital fund led by over 800 go-to-market experts, focusing on investing in B2B software companies. They employ a unique investment model that combines traditional VC experience with operational expertise to support portfolio companies in scaling their revenue.
Rally Ventures
Rally Ventures is focused on investing in early-stage business technology companies, particularly in sectors such as AI/ML, cybersecurity, fintech, and SaaS+. They leverage strategic resources and global expertise to enhance the growth and impact of high-potential firms.
What's next for Gappify?
The recent major strategic investment in Gappify, following its Series A and Series B rounds, indicates a pivotal stage for the company. This substantial capital infusion is expected to fuel further product development, enhance sales and marketing efforts, and potentially expand its operational footprint. Gappify's trajectory suggests a strong emphasis on scaling its operations to capture a larger share of the enterprise accounting software market. The company's commitment to innovation in accrual automation is likely to drive its continued growth and solidify its competitive advantage.
See full Gappify company page
