About Bench
Bench is a company based in Vancouver (Canada) founded in 2012 by Jordan Menashy. It operates as a SaaS (Software-as-a-Service) and Subscription Services. Bench has raised $114.97 million across 9 funding rounds from investors including Shopify, Sage Group and SVB. Bench offers products and services including Monthly Bookkeeping, Catch Up Bookkeeping, Income Tax Filing and Advisory, and Tax Resolution. Bench operates in a competitive market with competitors including Intuit, Visma, Xero, Wave and FreshBooks, among others.
- Total Equity Funding$114.97M (USD)
in 9 rounds
- Latest Funding Round$60M (USD), Series C
Jun 2021
- InvestorsShopify
& 13 more
Products & Services of Bench
Bench offers a comprehensive portfolio of products and services, including Monthly Bookkeeping, Catch Up Bookkeeping, Income Tax Filing and Advisory, and Tax Resolution.
Ongoing bookkeeping is provided for small business owners.
Catch-up bookkeeping is offered for delayed small businesses.
Tax preparation and advisory are provided for businesses.
Expert support is given for resolving IRS issues.
Funding Insights of Bench
Bench has successfully raised a total of $114.97M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in June 2021. 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 $114.97M
- Total Rounds 9
- Last Round Series C — $60M
- First Round $120,000
(Jun 2012)
- Investors Count 13
All 9 funding rounds of Bench with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $60M | Series C | – | Contour Venture Partners | |
| Jan 2018 | $18.1M | Series B | – | Inovia Capital | |
| May 2016 | $20M | Series B | – | Bain Capital Ventures | |
| Jan 2016 | $6.75M | Series A | – | – | – |
| Jan 2015 | $7M | Series A | – | Altos Ventures Management | |
| Jan 2014 | $1M | Seed | – | – | |
| Jul 2013 | $2M | Seed | – | Quotidian Ventures, Contour Venture Partners | – |
| Jun 2012 | $120,000 | Seed | – | Techstars | – |
| Jun 2012 | – | Seed | – | Middlemarch Partners, Altos Ventures Management | – |
14 investors in total: 14 institutional.
Investors in Bench
Bench has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Shopify, Sage Group and SVB.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in US seed and early-stage tech companies. | – | contourventures.com | New York, United States | |
Early-stage companies are funded by this venture capital firm. | – | altos.vc | Menlo Park, United States | |
Investments are made in early-stage technology companies by Inovia Capital. | – | inovia.vc | Montreal, Canada | |
Venture capital fund focused on investing in multiple sectors | – | baincapitalventures.com | Boston, United States | |
Pre-seed investments are made in US startups across tech sectors. | – | quotidian.co | Brooklyn, United States | |
Investments are made in early-stage US tech companies. | – | alpinemeridian.com | New York, United States | |
USA focused VC firm investing in seed and early stage startups | 2010 | lererhippeau.com | New York, United States | |
- | – | highpeaks.vc | - | |
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
- | – | middlemarchllc.com | - |
Investor details for Bench
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Bench
3 people are tracked at Bench (3 in leadership).
| Name | Role | Group |
|---|---|---|
Jordan Menashy | Co-Founder & Board Member | Leadership |
Jesse Tinsley | Co-Founder and CEO | Leadership |
Matthew Charney | Chief Marketing Officer | Leadership |
Complete people profiles for Bench
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- Team structure
- Board tenure
- Professional contacts
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Timeline of Bench
3 dated milestones of Bench across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Bench is founded.
- Funding First funding round of $120K.
- Funding Latest funding round, Series C, of $60.0M.
Competitors of Bench
Bench 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, Xero, Wave and FreshBooks, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intuit.com | 1983 | Mountain View, United States | $49.62M | 18,800 | Financial and accounting software is developed for businesses and individuals. | |
| visma.com | 1996 | Oslo, Norway | $198.09M | – | Cloud-based ERP software is provided for business management across segments. | |
| xero.com | 2006 | Wellington, New Zealand | – | 347 | Cloud-based accounting and payment management is offered for small businesses. | |
| waveapps.com | 2010 | Toronto, Canada | $82.4M | – | Web-based accounting software is offered for business use. | |
| freshbooks.com | 2003 | Toronto, Canada | $153.75M | 613 | Cloud-based invoicing and accounting software is offered for businesses. | |
| freeagent.com | 2007 | Edinburgh, United Kingdom | $21.89M | 264 | Cloud-based accounting software is provided for small businesses and freelancers. | |
| clear.in | 2011 | Bengaluru, India | $140.42M | – | Technology-enabled accounting and finance solutions are offered for SMBs. | |
| kyriba.com | 2000 | San Diego, United States | $160.68M | 334 | Cloud-based treasury automation and risk management solutions are provided. | |
| found.com | 2019 | San Francisco, United States | $118.75M | 35 | Accounting and bookkeeping solutions are provided for small businesses. | |
| myob.com | 1991 | Cremorne, Australia | – | – | Cloud-based accounting and ERP software is provided for businesses. |
Detailed competitors of Bench
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Bench
The website of Bench (bench.co) receives about 192.7K visits a month and ranks #266,537 among all websites worldwide, #3,588 in Financial Planning and Management.
- Monthly visits192.7K
▲ 27.5% vs previous month
- Unique visitors68.7K
per month
- Global rank#266,537
among all websites
- Category rank#3,588
Finance · Financial Planning and Management
- Bounce rate41%
- Pages per visit2.3
- Average visit1 min 03 sec
- DevicesDesktop 51% · Mobile 49%
Websites whose visitors overlap most with Bench. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| smartasset.com | 100% | 7.2M | #8,499 | View details | |
freetaxusa.com | freetaxusa.com | 98% | – | #3,363 | – |
| bookkeeper360.com | 97% | 17.4K | #1,569,284 | View details | |
| onpay.com | 94% | 464.4K | #93,006 | View details | |
virtualbookkeepingservices.com | virtualbookkeepingservices.com | 94% | – | #9,331,789 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Bench
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Bench
Complete news archive for Bench
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to Bench
10 companies that operate in the same segment as Bench (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about Bench
Bench was founded in 2012.
Bench is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Bench is a funded company, having raised a total of $114.97M across 9 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Jun 2012.
Bench is engaged in delivering online bookkeeping and tax filing solutions tailored for small business owners. Services are provided through a combination of intuitive software and dedicated human support, automating repetitive tasks and ensuring accurate financial management. The company operates in the financial technology sector, focusing on accounting and tax preparation. Comprehensive support is offered, including monthly bookkeeping, catch-up bookkeeping, income tax filing, advisory services, and tax resolution for IRS issues. Real-time financial reporting and insights are made accessible to help businesses make informed decisions and stay on budget.
Bench offers Monthly Bookkeeping, Catch Up Bookkeeping, Income Tax Filing and Advisory, and Tax Resolution.
Bench has 14 investors. Key investors include Shopify, Sage Group, SVB, Lerer Hippeau, and Techstars.
The website of Bench receives about 193 thousand visits a month and ranks #266,537 among all websites worldwide.