Conrad Labs’ client ScaleFactor closes $60M Series C round

Austin, TX — Aug 8, 2019     ScaleFactor, the intelligent finance and automated accounting platform, today announced that it raised a $60 million Series C funding round led by Coatue.

On the heels of its Series B in January 2019, ScaleFactor has raised a total of $100 million in the past year. This funding round includes returning investors Bessemer Venture Partners, Canaan, Broadhaven Ventures, and Firebrand Ventures as well as new investors including Vulcan, Stripes Group, and NextPlay Capital, among other prominent angel investors. Prior investors include Citi Ventures, Flyover Capital and others.

Conrad Labs has been a ScaleFactor development partner since August 2018, focusing on mobile technology and various integration projects.