Paro, the startup that connects companies to finance professionals, said it's raised $25 million in Series B funding.
The Chicago-based company said the round was led by Madrona Venture Group, with participation from existing investors Revolution Ventures, Sierra Ventures and KGC Capital. The company works with CPAs, bookkeepers, accountants, controllers, financial analysts, auditors and CFOs.
"This investment will fuel company growth domestically and position it for future international expansion, as well as propel Paro’s investments in its AI–powered professional services marketplace," the company said.
"With this fundraise, we will continue to innovate and disrupt the traditional employment model to help companies and experts alike drive their businesses forward," said Anita Samojednik, Paro CEO, in a statement.
Samojednik became CEO in January, promoted from COO and after serving as president of Chicago-based Groupon (Nasdaq: GRPN) International. She replaced Paro founder Michael Burdick, who continues in an executive role at Paro as chief strategy officer. He also remains a member of the board of directors.
Paro raised $10 million in September 2019 in a round led by Silicon Valley VC firm Sierra Ventures. In 2018, 6-year-old Paro raised $5 million in a round led by Revolution, a VC firm led by AOL co-founder Steve Case.
