Connected Accounting Startup Lockstep Closes $10M Series A Hiring Up to Eliminate Cash Traps and Leaks in B2B Accounting News provided by Share this article Share this article SEATTLE, Feb. 3, 2021 /PRNewswire/ -- Lockstep, the world's first connected accounting cloud, today announced the close of a $10 million Series A funding round led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners. Founded in 2019, Lockstep helps more than 180 customers process over 800 thousand invoices per month with almost 4 million entities. Lockstep integrates over 40 ERP and accounting solutions into its connected accounting cloud. Lockstep was recently named a Major Player in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Receivable Automation Applications for Midmarket 2020-2021 Vendor Assessment (doc # US47032320, December 2020). The new funding will be deployed to expand product development and accelerate go-to-market initiatives.