Chicago startup Paro raised a new round of funding to change the way companies handle their finance and accounting.
Paro announced Thursday that it raised $10 million in fresh funding in a round led by Silicon Valley VC firm Sierra Ventures. Other backers include Revolution Ventures, KGC Capital and angel investor Tom Williams.
Founded in 2015, Paro connects businesses with freelance finance professionals---like accountants and tax specialists---on-demand. Its platform helps businesses with things like bookkeeping, financial analysis, tax help, and can even help companies hire temporary CFOs.
Last year, Paro raised $5 million in a round led by Revolution, a VC firm led by AOL co-founder Steve Case.
Paro has worked with more than 1,000 companies, such as BenchPrep, Cameo, CHME and OfficeLuv.
“Paro’s matchmaking algorithm enables seamless placement of industry experts to serve customers in need of mission-critical finance and accounting functions,” Clara Sieg, partner at Revolution Ventures, said in a statement.
