KarbonHQ seems to be on a rocket ship to growth, having raised a $US10m investment from @FiveElms that will accelerate Karbon's evolution to cloud-native practice management for accounting firms.
This is after a series A round of us$7m led by Blackbird Ventures on June 2018
CEO and co-founder @stuartwmcleod says that
Karbon is growing at 100% year-on-year , their NPS is accelerating, payback periods are low, and net retention figures are world-class.
The team is growing from 46 employees, to 75 this year and will continue to expand globally.
What it does
KarbonHQ provides everything you need to run your accounting firm in a cloud-native, easy-to-use, thoughtful platform.
It helps an accounting firm of any size to go from prospect and lead to proposal, onboarding, scheduling, capacity planning, budgeting, time collection and capture, write-on/write-off, invoice presentment and payment.
So, what makes VCs back a Company?
The Leader?
The marketplace?
The team?
Others backing the business?
Trust???
Belief that the business will hit a home run?
It would be interesting to hear the war stories from CEO Stuart Mcleod!
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