Blue Onion, a New York-based financial subledger platform for retail and e-commerce businesses, has raised $10 million in Series A funding.
Investors
The round was led by Viola FinTech, with participation from Y Combinator, Entrée Capital, Green Visor, and Vinyl Capital.
Viola FinTech is a venture capital fund established in 2017 as part of the Viola Group, Israel's technology-focused investment group. With approximately $200 million in assets under management, Viola FinTech specializes in investing in FinTech, InsurTech, RegTech, and PropTech startups across the U.S., Canada, Europe, and Israel.
Blue Onion Use of Funds
The company will use the funds to expand AI features, broaden integrations, support more financial accounts, and invest in partnerships, events, and customer education.
About Blue Onion
Founded in 2020 by Lyndsey Bunting, Charley McMillan, and Manav Malhotra, Blue Onion is a financial technology company specializing in automating complex data processes for retail and e-commerce sectors. Its AI-powered subledger automates reconciliation processes—matching transactions, orders, and payments, helping businesses save time, minimize errors, and simplify financial management. Blue Onion serves notable clients such as Supergoop!, BarkBox, and a.k.a. brands.
Funding Details
Company: Blue Onion Labs Inc.
Raised: $10.0M
Round: Series A
Funding Date: April 2025
Lead Investor: Viola FinTech
Additional Investors: Y Combinator, Entrée Capital, Green Visor, Vinyl Capital
Company Website: https://www.blueonion.ai/
Software Category: Financial Subledger/ AI Reconciliation
Source: https://www.prnewswire.com/news-releases/blue-onion-raises-10-million-series-abuilding-the-financial-data-infrastructure-layer-that-cfos-will-rely-on-to-power-the-next-generation-of-ai-302429944.html