Finance concierge start-up Zeni raises $34 mn to help firms manage finances

AI-powered finance concierge Zeni said it has raised $34 million in a Series B funding round led by Elevation Capital with participation from new investors Think Investments and Neeraj Arora. Zeni has seen 550 per cent revenue growth year-over-year driven exclusively by referrals and organic growth. Existing investors Saama Capital, Amit Singhal, Sierra Ventures, Twin Ventures, Dragon Capital and Liquid 2 Ventures also participated in the round.

Today, Zeni manages more than $500 million in funds each month across more than 100 startup customers, ranging from pre-revenue startups to businesses generating more than $100 million in annual revenue. Zeni will use the capital infusion to bring its intelligent bookkeeping and accounting platform and services to more customers.