AccountsIQ secures €60m investment

AccountsIQ, the cloud-based accounting platform, has announced it has secured a €60m Series C investment from Axiom Equity.

The equity fund investment will be focused on continuing the development of AccountsIQ products to shape the finance function of the future. In particular, it wants to develop AI-powered products.

The plan is to double its team to over 200 people over the next couple of years.

Tony Connolly, Founder and CEO of AccountsIQ, commented, “Having hit a critical milestone with over 1,000 customers, we are now poised to take the AccountsIQ product and service to the next level. This investment comes at a perfect inflection point for our offering, to allow us leverage AI tools into practical, easy to adopt services for our user base; to make finance team roles more flexible, valuable, less repetitive, and indeed more interesting.”