Fondo Raises $3M in Pre-Seed Funding
- Fondo, a San Francisco, CA-based all-in-one accounting platform provider, raised $3M in Pre-Seed funding
- The round includes $1.2m in equity with participation from Y Combinator, Liquid2 Ventures, Transmedia Capital, GMO Venture Partners and $1.8m in non-dilutive financing from Capchase
- The company intends to use the funds to invest in product development and grow the team
- The company which specializes in helping companies get their taxes filed, books closed, and cash back from the IRS via a platform that helps founders navigate tax compliance and credits with clarity and speed
- In 2022 the company experienced growth, including doubling its team to 54 people and nearly tripling revenue to $3m in annual recurring revenue
- Today, more than 500 startups use the platform, including Career Karma, Tydo, PostHog, Explo, and Bottomless
