Virtual bookkeeping service Bench Accounting has raised a round of funding.
The Vancouver-based startup, which combined human bookkeepers with web-based app, has raised $1 million.
The round was funded by Contour Ventures, Alpine Meridian, Lerer Ventures, Quotidian Ventures, as well as a team of unnamed angel investors.
According to the Canadian company, it has seen 30% month-over-month growth since launching and has processed more than $160 million in bookkeeping transactions across North America.
Cofounder Jordan Menashy says Bench is about the idea that people shouldn’t have to deal with bookkeeping; that it shouldn’t be a distraction for small business owners. Typical clients are employers with teams of fewer than 10 and revenue below $2.5 million.