Investments
6Portfolio Exits
1Latest Merian Ventures News
Jul 22, 2021
Anduin , a Charlotte, NC-based provider of AI powered invoicing and billing solutions for accounting firms and other professional services firms, raised $14M in seed funding. The round was led by Revolution Ventures with participation from Relevance Ventures and Merian Ventures. In conjunction with the funding, Revolution Ventures managing partner Tige Savage will join Anduin’s board and Graham Ober, vice president at Revolution Ventures, will join as a board observer. The company intends to use the funds to expand its Intelligence-Based BillingTM platform to introduce a new Predictive Insights solution and a new suite of Practice Management solutions. Led by CEO Justin Adams and CPO Ellen Choi, Anduin provides accounting firms with a platform to streamline their billing process and speed up their cash flow. Its Intelligence-Based Billing™ platform automates, shortens and improves processes like invoice prep, collections and payments. The company also provides receivable (AR) solutions built on its Intelligence-Based Billing platform. Anduin’s forthcoming solutions are: Anduin Predictive Insights, which will combine firms’ disparate systems and data to provide firm leaders with real-time visibility into firm-wide performance, Anduin Practice Management, which will constitute a cloud-based, mobile-enabled, open-architected, AI-powered, and modular suite of practice management solutions for the accounting profession. FinSMEs
Merian Ventures Investments
6 Investments
Merian Ventures has made 6 investments. Their latest investment was in Anduin as part of their Seed VC on July 7, 2021.
Merian Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/22/2021 | Seed VC | Anduin | $14M | Yes | 9 | |
2/2/2021 | Series B | |||||
9/26/2019 | Series A - III | |||||
7/18/2018 | Seed VC - II | |||||
2/1/2018 | Series A - II |
Date | 7/22/2021 | 2/2/2021 | 9/26/2019 | 7/18/2018 | 2/1/2018 |
---|---|---|---|---|---|
Round | Seed VC | Series B | Series A - III | Seed VC - II | Series A - II |
Company | Anduin | ||||
Amount | $14M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 9 |
Merian Ventures Portfolio Exits
1 Portfolio Exit
Merian Ventures has 1 portfolio exit. Their latest portfolio exit was ImpactVision on February 01, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
2/1/2020 | Acquired | Undisclosed Investors | 1 |
Date | 2/1/2020 |
---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | Undisclosed Investors |
Sources | 1 |
Merian Ventures Team
2 Team Members
Merian Ventures has 2 team members, including current Founder, Managing Partner, Alexsis de Raadt St James.
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