Truewind, a San Francisco, CA-based provider of AI-powered bookkeeping and finance software, has recently raised $13 million in Series A funding.
Investors
The round was co-led by Rho Capital and Thomson Reuters Ventures, with participation from Pathlight Ventures, bringing Truewind’s total funding to over $17 million.
Founded in 1981, Rho Capital Partners is a private equity firm with three divisions: Rho Ventures, Rho Canada Ventures, and Rho Fund Investors. Initially a family office, Rho now manages funds backed by institutional investors such as endowments, foundations, and pension funds.
Thomson Reuters Ventures is the corporate venture capital arm of Thomson Reuters, based in New York, New York. Founded in 2021, the firm invests in companies at the seed and Series A stages, focusing on tax, legal, fraud, risk, compliance, insurtech, and fintech.
Truewind Use of Funds
The company will use the funding to expand its accountant community network, scale its multidisciplinary team, and build out its product features.
About Truewind
Founded by Alex Lee and Tennison Chan, Truewind provides AI-powered bookkeeping and financial modeling solutions designed exclusively for startups. The company's platform delivers a financial back-office experience through AI and concierge service. By leveraging advanced AI technology, Truewind streamlines tasks such as bookkeeping, month-end close processes, and CFO services.
Funding Details
Company: Truewind
Raised: $13.0M
Round: Series A
Funding Month: December 2024
Lead Investor: Rho Capital, Thomson Reuters Ventures
Additional Investor: Pathlight Ventures
Company Website: https://www.truewind.ai/
Software Category: AI Bookkeeping and Finance Solutions
Source: https://www.truewind.ai/resources/announcing-truewind-series-a