LiveFlow—an intelligent finance and accounting automation platform used by thousands of accounting firms and finance departments across the US—announced it has raised $13.5 million in Series A funding. The funding round, led by Valar Ventures, will support the launch of LiveFlow Next, a new line of reporting and analysis products.
Launched by former Revolut team members Anita Koimur and Lasse Kalkar and ex-Web Summit engineering lead Evan O’Brien, the company is entering its next phase of rapid growth. It is expanding its New York-based go-to-market team and investing significantly in new R&D initiatives.
Since founding LiveFlow in 2021, the company has built a substantial customer base, including international accounting firms like BDO and KLR and established brands like Wendy’s and Crumbl Cookies.
LiveFlow is utilizing its recent funding to launch LiveFlow Next, a platform designed to transform accounting firms into high-growth financial advisory powerhouses. And the new product suite features tools for building custom client dashboards, intelligent forecasting, industry benchmarking, AI-driven transaction categorization, and more.
The key features of the newly-released LiveFlow Next products include:
1.) Quickly generate and share insightful dashboards with a few simple clicks – LiveFlow Dashboards is the first product on the market that can seamlessly transform complex financial data and quickly generate easy-to-understand visual dashboards — without writing formulas or code.
2.) Consolidate multiple subsidiaries in under three minutes – LiveFlow allows its customers to map non-matching accounts from accounting platforms and have consolidated financials in no time, once and forever for multiple currencies, classes and locations.
3.) Access, analyze, and share reports via mobile – LiveFlow makes it easy to scroll through metrics and visuals from any device, making it a breeze to understand finances on the fly.
KEY QUOTES:
“Accountants play a vital role in helping small businesses succeed, yet for decades, they’ve been bogged down by tedious, repetitive tasks. Instead of streamlining workflows, most legacy software has only added to their burden. “It’s time to equip them with the tools they’ve long needed, allowing them to move beyond processing transactions and filing taxes to becoming trusted advisors, offering tailored insights to their clients.”
- LiveFlow’s CEO Lasse Kalkar
“It’s no wonder why LiveFlow’s customers report over 99% satisfaction with the product — LiveFlow helps save countless hours per month while also eliminating human error. As LiveFlow scales, the company will have an incredibly positive impact on the businesses it serves. LiveFlow will give more companies a clearer picture of their day-to-day financial health, which is crucial for making sound financial decisions that lead to success.”
- Valar’s Founding Partner James Fitzgerald
