InScope Raises $14.5 Million In Series A Round Led By Norwest And Other Investors

InScope has raised $14.5 million in a Series A round led by Norwest, with participation from Storm Ventures, Better Tomorrow Ventures, and Lightspeed Venture Partners. This funding will support the growth of its AI-powered financial reporting platform, which automates many manual tasks in preparing financial statements.

Summary of transaction details:

• Deal Type: Series A
• Transaction Amount: $14,500,000
• Founders: Mary Antony & Kelsey Gootnick
• Headquarters: San Francisco, California
• Notable Investors: Norwest, Storm Ventures, Better Tomorrow Ventures, Lightspeed Venture Partners

Founded in 2023 by accountants Mary Antony and Kelsey Gootnick, InScope has expanded its customer base fivefold in the past year, attracting major accounting firms such as CohnReznick. The platform aims to fully automate income statements and balance sheets, addressing inefficiencies in the accounting workflow.