What is Lockstep?
Founded in 2019, Lockstep provides a sophisticated connected accounting solution designed to bridge the gap between disparate financial systems. By automating the exchange of data between trading partners, the platform effectively mitigates the risks associated with manual accounting processes, such as cash traps and revenue leakage. The company's core value proposition lies in its ability to provide real-time visibility into accounts receivable and payable, thereby optimizing working capital for mid-market and enterprise-level organizations. In an era where financial agility is paramount, Lockstep's technology acts as a digital backbone for B2B commerce, ensuring that accounting teams can operate with greater precision and reduced administrative overhead.
How much funding has Lockstep raised?
Lockstep has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2021): $10M with participation from Clocktower Group L.P, Point72, and Revel Partners
Key Investors in Lockstep
Clocktower Group L.P
Clocktower Group is a multi-strategy investment firm that provides capital and strategic support to high-growth companies, often focusing on the intersection of finance and technology.
Point72
Established in 1992, Point72 is headquartered in Stamford, Connecticut. They are a private investment management firm that manages a number of private investment funds in long-short equity, quantitative equities and more.
Revel Partners
Revel Partners is a venture capital firm based in New York that specializes in investing in exceptional founders focusing on B2B software. Their mission is to support the next generation of B2B software entrepreneurs by leveraging their successful entrepreneurial heritage and extensive global network.
What's next for Lockstep?
With this major enterprise-level funding, Lockstep is well-positioned to deepen its product integration capabilities and broaden its reach across global markets. The strategic roadmap likely involves enhancing the platform's predictive analytics features, which will allow finance leaders to forecast cash flow with unprecedented accuracy. Furthermore, the company is expected to invest heavily in talent acquisition and customer success initiatives to maintain its competitive edge. As Lockstep continues to scale, the focus will remain on fostering a robust ecosystem of connected accounting, ultimately setting a new standard for how B2B enterprises manage their financial health and liquidity in an increasingly digital economy.
See full Lockstep company page
