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InScope raises $14.5M Series A led by Norwest Venture Partners to automate financial statement preparation with AI
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Founding team includes former accountants from Flexport, Miro, Hopin, and Thrive Global who experienced the pain firsthand
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The platform targets enterprise finance teams struggling with manual, error-prone financial reporting workflows
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Funding signals growing VC appetite for AI-powered fintech solutions that eliminate tedious back-office work
InScope just closed a $14.5 million Series A to take the pain out of financial reporting for enterprise finance teams. The startup, founded by accountants who cut their teeth at high-growth companies like Flexport, Miro, Hopin, and Thrive Global, is betting that AI can finally crack one of the most tedious problems in corporate finance: preparing accurate financial statements. With Norwest Venture Partners leading the round and Better Tomorrow Ventures participating, InScope is now racing to replace the spreadsheet hell that still dominates month-end close processes at companies around the world.
InScope is tackling a problem that keeps finance teams up at night. The startup announced today it’s secured $14.5 million in Series A funding to automate the grinding, manual work of preparing financial statements – a process that still burns hundreds of hours each quarter at most companies.
Norwest Venture Partners led the round, with participation from Better Tomorrow Ventures, backing a team that knows the problem intimately. The founders previously worked as accountants at Flexport, Miro, Hopin, and Thrive Global – companies that scaled rapidly and felt the pain of manual financial reporting processes that couldn’t keep up.
The timing couldn’t be better. Enterprise finance teams are drowning in data but still rely on brittle spreadsheets and manual reconciliations to produce the financial statements that CFOs, boards, and auditors demand. According to research from Gartner, finance leaders spend up to 25% of their time on routine transaction processing and reporting – work that AI should be able to handle.
That’s exactly what InScope is building. The platform uses artificial intelligence to automate the workflows that accountants currently handle manually: pulling data from multiple systems, reconciling accounts, identifying discrepancies, and generating audit-ready financial statements. For companies doing monthly or quarterly closes, this could compress work that takes weeks into days or even hours.
