Total amount raised
$50 Million
Latest funding date
3/1/2024
Location
Fieldguide has successfully raised funds through four distinct funding rounds, with notable investors such as KPMG and 8VC backing the company. The latest funding was secured in a Corporate Round, contributing to the company's growth in the AI-powered audit and advisory sector.
Keep reading to explore the intricacies of Fieldguide's fundraising journey and the investors supporting this innovative platform.
What Is Fieldguide?
Fieldguide is a private company based in San Francisco, California, specializing in Agentic AI for audit and advisory services. The company operates in multiple industries, including accounting, artificial intelligence, cyber security, document management, and financial technology (FinTech). Fieldguide has a workforce of 101-250 employees.
The company provides an AI-powered platform designed to automate and streamline processes for advisory and audit firms. Their software includes tools for engagement management, insights and analytics, integrations with other productivity tools, and a client hub for enhanced client experiences. Fieldguide is recognized for its innovation and has received multiple awards, including the Technology Innovation Award from CPA Practice Advisor.
How Much Funding Has Fieldguide Raised?
- Seed Round
- Amount Raised: USD 3,000,000
- Date: August 2020
- Lead Investors: Floodgate
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of Fieldguide's AI platform for audit and advisory services.
- Series A
- Amount Raised: USD 17,000,000
- Date: March 2022
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Fieldguide's growth and development as it became the AI platform of choice for advisory and audit engagements.
- Series B
- Amount Raised: USD 30,000,000
- Date: March 2024
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities, expand market reach, and attract top-tier talent to address the CPA talent shortage.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: October 2025
- Lead Investors: KPMG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's continued growth in the AI-powered audit and advisory sector.
Total Amount Raised: USD 50,000,000
Current Valuation: Not publicly disclosed
Key Investors
- KPMG
- Details: KPMG is a global network of professional services firms providing audit, tax, and advisory services.
- Investment Focus Areas: Audit, Tax, Advisory
- Notable Investments: Not publicly disclosed
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a leading venture capital firm investing in early-stage technology companies.
- Investment Focus Areas: Technology, Healthcare, Financial Services
- Notable Investments: Pinterest, Shopify, Twilio
- 8VC
- Details: 8VC is a venture capital firm focused on building technology platforms.
- Investment Focus Areas: Technology, Healthcare, Logistics
- Notable Investments: Not publicly disclosed
- Floodgate
- Details: Floodgate is an early-stage venture capital firm.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: Not publicly disclosed
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups, including Dropbox, Airbnb, and Stripe.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: Dropbox, Airbnb, Stripe
What's Next for Fieldguide?
Fieldguide stands at the cusp of significant opportunities, driven by the increasing demand for AI solutions in the CPA and advisory industry. With the ability to automate workflows and streamline operations, the company is poised to address the talent shortage in the sector. The potential to save up to 50% of hours on engagements and the adoption by nearly forty of the Top 100 CPA firms highlight the vast market reach and efficiency gains that Fieldguide can achieve.
As Fieldguide continues to grow, future fundraising opportunities are likely to arise. The successful Series B round and the planned expansions suggest that additional funding rounds could be anticipated to support further growth and development. Enhancing AI capabilities and expanding market reach will be crucial in attracting further investment and driving innovation.
However, challenges such as competition from other AI and SaaS platforms, ensuring data security, and keeping up with regulatory changes may pose hurdles. Managing rapid growth and scaling operations effectively will be essential for Fieldguide to maintain its momentum and capitalize on the opportunities ahead.
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