Anchor, a New York-based autonomous billing and collections platform, has raised $20 million in Series A funding.
Investors
The round was led by Mosaic General Partnership and Oren Zeev (Zeev Ventures), with participation from Entrée Capital, Tal Ventures, Amy Banse, Tien Tzuo, and Andre Iguodala (via Mosaic).
Founded in 2021, Mosaic General Partnership is a venture capital firm based in San Francisco, California. The firm invests in early-stage companies and selects growth-stage deals across the United States.
Oren Zeev is the founding partner of Zeev Ventures, a Silicon Valley-based venture capital firm that makes early-round investments in tech companies.
Anchor Use of Funds
With this latest funding, Anchor plans to double its workforce, expand in the U.S., and strengthen strategic partnerships.
About Anchor
Anchor provides an autonomous billing and collections platform that automates the accounts receivable process for small and medium-sized businesses (SMBs). Its free-to-use platform streamlines invoicing, agreements, and payments. Primarily serves U.S. professional service businesses, with a focus on accounting, bookkeeping, and tax firms. Anchor is committed to enabling businesses to thrive in an increasingly complex financial landscape.
Funding Details
Company: Anchor
Raised: $20.0M
Round: Series A
Funding Date: January 2025
Lead Investors: Mosaic General Partnership, Oren Zeev
Additional Investors: Entrée Capital, Tal Ventures, Amy Banse, Tien Tzuo, Andre Iguodala
Company Website: https://www.sayanchor.com/
Software Category: Billing and Collections Solutions
Source: https://www.prnewswire.com/news-releases/anchor-lands-20-million-in-series-a-funding-to-eliminate-invoicing-and-payment-inefficiencies-for-small-to-medium-accounting-firms-302364348.html