Accrual
Beverly Hills, US · Founded 2024 · Delaware corporation · 23 employees on LinkedIn · 4 known investors
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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.
Founders & leadership
Accrual was founded in 2024 by Cosmin Nicolaescu and Dan Yu.
Board
MB
Investors · 4
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Also in the syndicate · 2
Edward Jones VenturesPruven Capital
Funding
SEC filings, press & company announcements$166.4M disclosed across 3 rounds · 2024–2026
- $75MSeries AFeb 2026
General Catalyst (lead)
Source ↗ - $75MraisedFeb 2026 · 3 sources
General Catalyst (lead), Edward Jones Ventures, Pruven Capital
Source ↗
▶$16.4MraisedNov 2024 · 9 investors · Other TechnologyRule 506(b)
▶$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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 9
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.
Corporatefinanceinstitute17 shared keywordsCorporate Finance Institute offers an online specialization program teaching finance professionals how to integrate environmental, social, and governance (ESG) factors into financial analysis, valuation, and investment decision-making. The program covers ESG frameworks, sustainability integration, greenhouse gas accounting, and climate risk management across eight core courses.
Finoptimal14 shared keywordsFinOptimal provides accounting automation and financial reporting services, offering software tools and managed accounting services for finance teams and accounting firms.
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 is an intelligent subledger platform that extracts data directly from source documents to automate technical accounting tasks including lease accounting, fixed assets, debt management, and accrual/prepaid expense accounting. It integrates with any ERP system and serves organizations managing complex accounting compliance requirements.
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
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 $166.4M raised across 3 rounds.
- Where is Accrual headquartered?
- Accrual is headquartered in Beverly Hills, US.