One of the biggest problems for startups and small businesses is keeping up with back office tasks like bookkeeping and managing taxes.
QuickBooks, it seems, just don’t always cut it.
The three-time co-founders Waseem Wollen, Jeff Arnold and Jessica McKellar were founded pilot with the mission to offer start-ups and SMEs cost-effective back office services. With over 1,000 customers, it has gained serious traction over the years. And Pilot has now also received confirmation from some well-known investors. On Friday, the company announced a $ 100 million Series C that will double the company’s valuation to $ 1.2 billion.
Bezos Expeditions – Amazon founder Jeff Bezos’ personal mutual fund – and Whale Rock Capital (a $ 10 billion hedge fund) jointly spearheaded the round, which included participation from Sequoia Capital, Index Ventures, Authentic Ventures, and others .
Stripe and Index Ventures co-headed Pilot’s $ 40 million Series B in April 2019.