We Have Some Funding News, But There's More to the Story...

June 21, 2017 Jamie Shulman


Today, we announced a US$4.85M injection of seed funding. In our press release, you’ll read that we plan to use the funding to scale growth and accelerate innovation in accounting automation. But I want to talk about what’s core to us as a company and how this funding helps us achieve our vision.

Hubdoc is where it is today because of our amazing customers. Anywhere we go from here, it’ll be because of the accountants, bookkeepers and businesses we work with everyday. As we grow, we’ll always maintain our obsessive customer focus; it’s at the center of every one of our company’s core values. I can’t tell you how many times we’ve seen our team work together (across multiple departments) to solve difficult problems in the spirit of doing what’s right for our customers. It makes us proud of what we’ve built!

Today’s announcement concentrates on raising money. It’s about more than that; we get to solve even more meaningful problems for our customers, faster than ever.

Scaling Growth

To do that, we’re growing the Hubdoc team and expect to double headcount by end of the year.  So, if you know anyone smart, hardworking and empathetic, please send them our way. We’re hiring across all departments, including engineering, machine learning, customer support, success, sales and marketing. And, that’s for both our North American and Australian teams.

Investing in Accounting Automation

After working with thousands of accountants and bookkeepers, it’s become increasingly clear that your role as a trusted advisor is changing. Administrative tasks, like document collection and data-entry, are being automated (hint: go to Hubdoc and sign up if you haven’t already!). Solutions like ours enable you to focus on higher value activities, including helping businesses better understand their finances to achieve success. 

To help you save more time, we’re investing heavily in artificial intelligence and machine learning. This means Hubdoc will get smarter at automating the manual components of document collection, coding and data-entry and much more.  Stay tuned!

Put simply, we want to enable you to spend less time doing the work you don’t want to, and more time focusing on what’s really important – your business and your clients.

In conclusion

This seed funding is a step in the right direction, but it’s still early days. We’re helping change the face of an industry.  And by we, I mean Hubdoc, our employees, our investors, our partners and most importantly, you – our customers. Exciting times!

About Hubdoc

Hubdoc is on a mission to change the way accounting and bookkeeping gets done. Our application leverages cloud computing and machine learning to automatically collect and analyze business documents for financial reporting, reconciliation and audit proofing. Hubdoc helps accountants and bookkeepers save time, scale their practice and build deeper relationships with the businesses they serve. We are committed to our customers, and are proud to boast 5 star ratings on the Intuit Quickbooks and Xero app stores.

About the Author

Jamie Shulman

Jamie is the Co-Founder and Co-CEO of Hubdoc. Prior to Hubdoc, Jamie was the co-founder of Sparkroom, a marketing analytics and lead generation platform for higher education. Previous to that, he was a practicing attorney at Wilson Sonsini Goodrich & Rosati in Palo Alto and Torys LLP in Toronto. He is a graduate of the JD-MBA program at the University of Toronto and has a degree in International Relations from Brown University.

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