Fundraising Fox

Accrual

Beverly Hills, US · Founded 2024 · Delaware corporation · 23 employees on LinkedIn · 4 known investors

Accrual builds AI-powered software that automates routine accounting tasks for accounting firms, enabling accountants to focus on high-value advisory work. The platform handles complex financial data processing, workflows, and compliance requirements to increase throughput and accuracy in professional accounting services.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Founders & leadership

Accrual was founded in 2024 by Cosmin Nicolaescu and Dan Yu.

CN
Cosmin NicolaescuCo-founder
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Dan YuinFounderFounder of Accrual, which builds AI-powered software that automates routine accounting tasks for accounting firms so accountants can focus on advisory work.
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Siddarth ChandrasekaranNamed on SEC filing

Board

MBMarc Bhargava
Marc Bhargavain𝕏Board directorManaging Director at General Catalyst

Investors · 4

General CatalystSan Francisco · $30M
PruVen Capital PartnersLos Altos · $100K – $10M

Also in the syndicate · 2

Edward Jones VenturesPruven Capital

Funding

SEC filings, press & company announcements

$91.4M disclosed across 2 of 3 rounds · 2024–2026

▶$16.4MraisedNov 2024 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Siddarth ChandrasekaranExecutive Officer, Director
  • Cosmin NicolaescuExecutive Officer, Director
  • Marc BhargavaDirector
Offering amount
$17M
Amount sold
$16.4M
First sale
Nov 2024
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 8

by search overlap
Intuit®24 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.
Xero19 shared keywordsXero provides cloud-based accounting software for small businesses and their advisors, serving around 5 million customers across 180+ countries including Australia, the UK, the US, and New Zealand. The page is an investor relations section covering financial results, annual reports, and shareholder information.
Digits17 shared keywordsDigits is an AI-native accounting platform that automates schedules such as fixed assets, prepaid expenses, revenue recognition, and accrued expenses directly within the general ledger, replacing spreadsheets and manual journal entries. It serves accountants and accounting firms with automated bookkeeping, reconciliations, and month-end financial reporting.
Finoptimal14 shared keywordsFinOptimal provides apps (Accruer, Booker, and Wrangler) that automate accrual accounting, journal entries, and financial reporting inside QuickBooks Online, along with a managed accounting service that keeps books continuously closed. It serves businesses on QuickBooks Online and the accounting firms that support them.
Ramp14 shared keywordsRamp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements. It serves finance teams and businesses looking to consolidate spending tools and automate accounting workflows.
Finquery14 shared keywordsFinQuery provides accounting software for lease accounting (ASC 842, IFRS 16, GASB 87 and other standards), debt management with covenant monitoring, and automation of accrued and prepaid expense accounting. Its products, including LeaseQuery, serve corporate finance and accounting teams seeking compliance and faster month-end close.
Trullion13 shared keywordsTrullion provides AI-powered software for internal and external audit teams that automates testing, data extraction, and reconciliation workflows. The platform centralizes audit work, reduces manual errors, and enables real-time collaboration for financial statement validation.
Numeric12 shared keywordsNumeric builds a software platform for corporate finance and accounting teams that combines real-time accounting, data transformation, and AI-powered analytics to replace manual spreadsheet-based processes. The platform serves CFOs and accounting teams seeking to automate recurring financial workflows and improve decision-making.

Companies competing with Accrual for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Accrual debuts with $75m funding to build AI-first tax infrastructureinternationalaccountingbulletin.com · Feb 2026Accrual raises $75m in Series A funding, Andreas Ioannounews.fintech.io · Feb 2026How Accrual's $75M General Catalyst round could disrupt accounting firms? — TFNtechfundingnews.com · Feb 2026Startup Accrual Officially Launches with $75M in Funding to Bring AI-Native Automation to Accounting - CPA Practice Advisorcpapracticeadvisor.com · Feb 2026Accrual Launches with $75 Million to Bring AI-Native Automation to Accountingbusinesswire.com · Feb 2026Accrual Raises $75M in Fundingfinsmes.com · Feb 2026

Frequently asked questions

What does Accrual do?
Accrual builds AI-powered software that automates routine accounting tasks for accounting firms, enabling accountants to focus on high-value advisory work. The platform handles complex financial data processing, workflows, and compliance requirements to increase throughput and accuracy in professional accounting services.
Who founded Accrual?
Accrual was founded by Cosmin Nicolaescu, Dan Yu in 2024.
Who are Accrual's investors?
Accrual's investors include General Catalyst, PruVen Capital Partners.
How much funding has Accrual raised?
Accrual has disclosed $91.4M raised across 2 of its 3 known rounds.
Where is Accrual headquartered?
Accrual is headquartered in Beverly Hills, US.