Layer, a leading embedded accounting platform for small and medium-sized business (SMB) software, today announced it has raised $6.6 million in seed funding. The round was led by Emergence Capital, with participation from Better Tomorrow Ventures (BTV).
SMBs increasingly rely on specialized software, yet accounting often remains fragmented and manual. Layer addresses this by enabling SMB platforms like Moxie, Nav, and Dripos to embed accounting and bookkeeping directly into their products. This gives SMBs a real-time financial view within their existing tools, eliminating the need for separate systems or external services.
Layer’s solution includes an AI-powered bookkeeping service that categorizes transactions and delivers reconciled financial reports monthly. SMBs can even chat with their AI-supported bookkeeper within their software. This combination of automation and expert oversight reduces bookkeeping costs by half and closes books 3x faster.
Over the past year, Layer has quadrupled its SMB platform customer base, now supporting over 30,000 SMBs. With this new funding, Layer plans to expand into more SMB verticals, enhance its AI platform for industry-specific tailoring, and grow its engineering and go-to-market teams.
How the funding will be used: This new capital will accelerate Layer’s goal of seamlessly integrating accounting directly into the software platforms SMBs already use daily.
KEY QUOTES:
“Small businesses shouldn’t have to choose between running their operations and understanding their finances. Layer makes accounting a seamless part of SMBs’ daily workflows and takes bookkeeping off their plate — giving owners financial clarity and valuable time back to focus on running their businesses.”
Justin Meretab, CEO and co-founder of Layer
“Layer is redefining accounting and bookkeeping for small businesses. It’s a big market that’s traditionally been underserved. By embedding accounting and AI-powered bookkeeping into existing software stacks, they’re not just simplifying finances; they’re fundamentally changing how SMBs understand and run their businesses.”
Kevin Spain, General Partner at Emergence Capital
