Pilot joined the Unicorn Club on March 26, 2021, after raising a $100 million Series C funding round led by Whale Rock Capital Management and Bezos Expeditions, valuing it at $1.2 billion. Headquartered in San Francisco, California, United States, Pilot provides bookkeeping solutions for businesses, including Pilot Core for small and medium-sized enterprises and Pilot Plus for larger organizations managing multiple entities and locations.
Keep reading to see how Pilot became a leading platform for automated bookkeeping and financial management.
What Is Pilot and What Does It Do?
Founded in 2017, Pilot offers comprehensive bookkeeping and accounting services for businesses of all sizes. Pilot Core handles basic bookkeeping, financial statements, account management, payroll, and balance sheet reconciliation for SMBs.
Pilot Plus serves larger organizations with multiple entities, accounts receivable/payable, and revenue recognition, providing advanced accrual-based bookkeeping and dedicated support.
How Much Funding Has Pilot Raised?
1. Series C Round
- Amount Raised: $100 million
- Date: March 26, 2021
- Valuation: $1.2 billion
- Lead Investor: Whale Rock Capital Management, Bezos Expeditions
- Purpose: Scale bookkeeping services, enhance platform features, and expand enterprise offerings
2. Earlier Rounds (Seed to Series B)
- Total Funding Before Series C: ~$122 million
- Key Investors: Founders Circle Capital, EQUIAM
- Purpose: Product development, platform reliability, and market expansion
Total Funding Raised: ~$222 million
Latest Funding Date: March 26, 2021
Latest Known Valuation: ~$1.2 billion
Employee Count: 285 (as of December 31, 2023)
Key Investors
1. Founders Circle Capital
- Details: Venture capital firm investing in growth-stage technology companies.
- Focus Areas: Finance and accounting technology, SaaS platforms.
2. EQUIAM
- Details: Investment firm focused on growth-stage technology and consumer companies.
- Focus Areas: Enterprise software, fintech, and financial services solutions.
Where Is Pilot’s Headquarters?
Pilot is headquartered in San Francisco, California, United States, where its teams focus on bookkeeping solutions, accounting automation, financial reporting, and enterprise bookkeeping services.
What’s Next for Pilot?
Pilot plans to expand its bookkeeping services for both SMBs and large enterprises, enhance platform automation features, and integrate additional financial management tools to streamline business accounting globally.
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