Zeitgold raises $29.2 million to automate bookkeeping

Zeitgold has raised a Series B round of $29.2 million (€27 million). Overall, the company has raised more than $54 million (€50 million). The company is building a software platform for small companies to automate bookkeeping as much as possible.
Vintage Investment Partners is leading today’s round with existing investors Battery Ventures, HV Holtzbrinck Ventures, Saban Ventures, btov Partners, AXA Innovation Campus and Deutsche Bank also participating.
When Zeitgold first unveiled its product, the company knew that paperwork often ends up in a big pile that you hide in a drawer. It quickly becomes a mess once you need to find that one document from months ago. The company told you that you could put all your invoices, receipts and bills in a box (an actual, physical box), somebody would pick it up and take care of them for you.
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