What is Layer?
Layer operates as an embedded accounting platform designed to integrate seamlessly into existing software ecosystems. Founded in 2023 by Justin Meretab and Daniel ONeel, the firm addresses the persistent friction in financial management by enabling software platforms to offer native accounting and AI-driven bookkeeping services. This approach allows business owners to maintain accurate, real-time financial oversight without exiting their primary operational tools. By positioning itself as the connective tissue for SMB financial data, Layer is effectively commoditizing complex accounting workflows, transforming them into accessible, automated features for third-party platforms.
How much funding has Layer raised?
Layer has raised a total of $8.9M across 2 funding rounds:
Other Financing Round
$2.3M
Seed
$6.6M
Other Financing Round (2024): $2.3M with participation from Better Tomorrow Ventures
Seed (2025): $6.6M led by Better Tomorrow Ventures
Key Investors in Layer
Better Tomorrow Ventures
Better Tomorrow Ventures is a financial technology firm focused on building and investing in startups to create a better future. They specialize in supporting early-stage companies by providing hands-on assistance in areas such as hiring, company culture, distribution, and fundraising.
What's next for Layer?
With this major enterprise-level funding, Layer is poised to accelerate its product roadmap and expand its footprint within the competitive fintech landscape. The strategic focus will likely center on deepening its AI-bookkeeping capabilities and scaling its API infrastructure to support a broader range of software partners. As the company moves beyond its initial development phase, the emphasis will shift toward market penetration and establishing Layer as the industry standard for embedded accounting. The capital will be instrumental in talent acquisition and enhancing the platform's reliability, ensuring that Layer remains at the forefront of the shift toward autonomous, integrated business finance.
See full Layer company page
