Thursday, November 9, 2017

ScaleFactor Snags $2.5M in Seed Funding

Austin-based startup ScaleFactor, a developer of finance and accounting software for helping small businesses with bookkeeping and other tasks, has raised $2.5M in a seed funding, the company said this morning. The funding came from Next Coast Ventures, Techstars Ventures, Firebrand Ventures, Matchstick Ventures, Edison Factory and Flyover Capital. ScaleFactor was part of the Spring 2017 Techstars Austin Accelerator. The company said the funding will go towards product development of its tool, used to automated bookkeeping tasks for businesses. ScaleFactor's CEO and founder is Kurt Rathmann. More information »