Basis Secures $100 Million In Series B Funding Led By Accel Reaching $1.15 Billion Valuation

Basis, a New York-based startup building AI agents for accounting firms, has raised $100 million in a Series B round led by Accel, achieving a valuation of $1.15 billion. The funding round also included participation from GV, Lloyd Blankfein, and existing investor Khosla Ventures.

Summary of transaction details:

• Deal Type: Series B
• Transaction Amount: $100,000,000
• Valuation: $1,150,000,000
• Founders: Matthew Harpe and Mitchell Troyanovsky
• Headquarters: New York
• Notable Investors: Accel, GV, Lloyd Blankfein, Khosla Ventures, Better Tomorrow Ventures, Jeff Dean, Larry Summers, Adam D'Angelo, and NFDG

Founded in 2023, Basis develops AI-powered tools that automate core accounting workflows, such as financial statement preparation, tax filings, and expense tracking. The company is addressing industry-wide talent shortages by implementing autonomous agents designed to function like junior accountants.