Connected Account Startup Lockstep Secures $10 Million Through Series A Funding Round Led By Point72 Ventures
Lockstep, a U.S.-based connected accounting cloud, announced on Wednesday it secured $10 million through its Series A funding round, which was led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners. Founded in 2019, Lockstep stated it has helped more than 180 customers process over 800 thousand invoices per month with almost four million entities. “We believe there is a better way to keep books up to date and cash flowing. At Lockstep, we’re re-imagining how accounting teams work by transforming the current network of emails into a network of trusted connections between accounting systems. Lockstep makes accounting more accurate and timely, improves cash flow, and frees staff to focus on high value activities. We call it connected accounting.”