Accounting
Fieldguide Raises $30 Million in Series B Funding
Since its founding, Fieldguide’s mission has been to address the CPA and advisory industry’s talent shortage with AI solutions that enable practitioners of all levels to tackle manual tasks with speed and high quality.
Mar. 26, 2024
Fieldguide, an AI platform for advisory and audit services, has received $30 million in a Series B funding round led by Bessemer Venture Partners, the firm behind vertical SaaS and AI companies such as EvenUp, Procore, ServiceTitan and Shopify. Since its founding, Fieldguide’s mission has been to address the CPA and advisory industry’s talent shortage with AI solutions that enable practitioners of all levels to tackle manual tasks with speed and high quality in a secure, privacy-conscious manner.
“We are thrilled to partner with Bessemer Venture Partners as we embark on the next phase of our journey to transform the advisory and audit industry with purpose-built, AI-powered solutions,” said Jin Chang, Fieldguide CEO and Co-Founder. “This substantial investment will allow us to continue fulfilling our mission to revolutionize the way advisory and audit work is done, delivering a broader range of AI cloud solutions to firms of all sizes in order to bridge the widening talent gap.”
Since announcing its Series A round in March 2022, Fieldguide has experienced hypergrowth and become the AI platform of choice for all types of advisory and audit engagements. Nearly forty of the Top 100 CPA and consulting firms, including Wipfli, Mazars, and Aprio, report that Fieldguide saves up to 50% of hours on engagements, enabling them to grow their business with existing practitioners and increase margins, ultimately helping them overcome the industry-wide talent shortage.
“Fieldguide is addressing pain points for an industry that has been plagued by a lack of modern cloud-based software, talent shortages, and manual processes. Its AI platform automates and addresses inefficiencies of the audit process, enabling CPA firms to be more productive and focus on higher-value strategic work,” said Sameer Dholakia, Partner at Bessemer Venture Partners. “Fieldguide is a shining example of how a vertical SaaS AI platform can reshape workflows and drive productivity gains, and we look forward to partnering closely with Fieldguide’s exceptional leadership team as they help this critical industry thrive in the next era.”
Participating investors in the Series B round include 8VC, and leading AI and SaaS company CEOs, further underscoring the industry’s confidence in Fieldguide’s potential and market leadership.