About AcctTwo Shared Services
AcctTwo Shared Services is a company based in Houston (United States) founded in 2010 was acquired by Baker Tilly in September 2021.. AcctTwo Shared Services has raised $2.5 million across 2 funding rounds from investors including Baker Tilly and Leap the Pond. The company has 89 employees as of December 31, 2021. AcctTwo Shared Services has completed 1 acquisition, including Leap the Pond. AcctTwo Shared Services offers products and services including Sage Intacct Implementation and Outsourced Accounting. AcctTwo Shared Services operates in a competitive market with competitors including Intuit, Visma, Wave, Xero and FreshBooks, among others.
- Headquarter Houston, United States
- Employees 89 as on 31 Dec, 2021
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Baker Tilly Us, Llp
-
Annual Revenue
$00as on May 30, 2018
-
Net Profit
-
EBITDA
-
Total Equity Funding
$2.5 M (USD)
in 2 rounds
-
Latest Funding Round
$1.48 M (USD), Seed
Dec 14, 2018
-
Investors
Baker Tilly
& 1 more
-
Employee Count
89
as on Dec 31, 2021
- Investments & Acquisitions
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of AcctTwo Shared Services
AcctTwo Shared Services offers a comprehensive portfolio of products and services, including Sage Intacct Implementation and Outsourced Accounting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for deploying cloud-based financial management systems
Provides external accounting support to streamline business operations
Unlock access to complete
Leadership Team
97 people
Senior Team
80 people
Software Development Team
59 people
Principal Team
49 people
Finance and Accounting
45 people
Sales and Marketing
33 people
Assurance Team
27 people
Board Team
15 people
Unlock access to complete
Funding Insights of AcctTwo Shared Services
AcctTwo Shared Services has successfully raised a total of $2.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.48 million completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.5M
-
First Round
First Round
(17 May 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Seed - AcctTwo Shared Services | Valuation |
investors |
|
| May, 2018 | Amount | Seed - AcctTwo Shared Services | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AcctTwo Shared Services
AcctTwo Shared Services has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Baker Tilly and Leap the Pond. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Accounting, assurance, and investment banking services are provided.
|
Founded Year | Domain | Location | |
|
Accounting software is offered for SaaS, non-profits, and biotech sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by AcctTwo Shared Services
AcctTwo Shared Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Leap the Pond. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Accounting software is offered for SaaS, non-profits, and biotech sectors.
|
2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - AcctTwo Shared Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Accttwo Shared Services Comparisons
Competitors of AcctTwo Shared Services
AcctTwo Shared Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Wave, Xero and FreshBooks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
|
|
| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
|
|
| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
|
|
| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
|
|
| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
|
|
| domain | founded_year | HQ Location |
Cloud-based accounting software is provided for small businesses and freelancers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Accttwo Shared Services
Frequently Asked Questions about AcctTwo Shared Services
When was AcctTwo Shared Services founded?
AcctTwo Shared Services was founded in 2010 and raised its 1st funding round 8 years after it was founded.
Where is AcctTwo Shared Services located?
AcctTwo Shared Services is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Is AcctTwo Shared Services a funded company?
AcctTwo Shared Services is a funded company, having raised a total of $2.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.02M, raised on May 17, 2018.
How many employees does AcctTwo Shared Services have?
As of Dec 31, 2021, the latest employee count at AcctTwo Shared Services is 89.
What does AcctTwo Shared Services do?
AcctTwo Shared Services was founded in 2010 in Houston, United States, and operates in the accounting software sector. Cloud-based ERP solutions, including Sage Intacct, are offered to support accounts payable and receivable, cash management, collections, expense reports, general ledger, and payroll. Certified accountants are also provided to meet clients finance and accounting needs.
Who are the top competitors of AcctTwo Shared Services?
What products or services does AcctTwo Shared Services offer?
AcctTwo Shared Services offers Sage Intacct Implementation and Outsourced Accounting.
How many acquisitions has AcctTwo Shared Services made?
AcctTwo Shared Services has made 1 acquisition, including Leap the Pond.
Who are AcctTwo Shared Services's investors?
AcctTwo Shared Services has 2 investors. Key investors include Baker Tilly, and Leap the Pond.