Fondo - About the company
Fondo is a seed company based in San Francisco (United States), founded in 2014 by David J Phillips. It operates as a Provider of bookkeeping, tax preparation, and tax credit services for startups. Fondo has raised $8.35M in funding from investors like Y Combinator, Transmedia Capital and GMO Venture Partners. The company has 1506 active competitors, including 45 funded and 38 that have exited. Its top competitors include companies like Paylocity, Pilot and Osome.
Company Details
Provider of bookkeeping, tax preparation, and tax credit services for startups. The company offers services including bookkeeping, tax filing, and assistance with obtaining tax credits. It provides tools and resources such as guides and calculators. The company aims to simplify startup finances through centralized metrics and financial reporting.
- Website
- tryfondo.com
Key Metrics
Founded Year
2014
Location
San Francisco, United States
Stage
Seed
Total Funding
$8.35M in 4 rounds
Latest Funding Round
Investors
Ranked
29th among 1506 active competitors
Employee Count
101 as on Jan 05, 2026
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Fondo's funding and investors
Fondo has raised a total funding of $8.35M over 4 rounds. Its first funding round was on 2018. Its latest funding round was a Seed round on Oct 31, 2024 for $*****. 2 investors participated in its latest round. Fondo has 9 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Fondo:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 31, 2024 | 1305020 | Seed | 2941823 | 8578783 | 8470782 | 4746637 |
Feb 14, 2023 | 7450172 | Conventional Debt | 9158623 | 2101571 | 5113195 | |
Feb 14, 2023 | 2342290 | Seed | 9060425 | 7943186 |
View details of Fondo's funding rounds and investors
Fondo's founders and board of directors
Founder? Claim ProfileThe founders of Fondo is David J Phillips. David J Phillips is the CEO of Fondo.
Here are the details of Fondo's key team members:
- David J Phillips: Founder & CEO of Fondo.
View details of Fondo's Founder profiles and Board Members
Fondo's employee count trend
Fondo has 101 employees as of Jan 26. Here is Fondo's employee count trend over the years:
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Fondo's Competitors and alternates
Top competitors of Fondo include Paylocity, Pilot and Osome. Here is the list of Top 10 competitors of Fondo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Paylocity 1997, Arlington Heights (United States), Public | Provider of human resources, payroll, finance, and information technology solutions | $37.3M | 69/100 | |
2nd | Pilot 2017, San Francisco (United States), Series C | Bookkeeping solutions for businesses | $222M | 69/100 | |
3rd | Provider of company incorporation, accounting, and corporate secretarial services | $75M | 69/100 | ||
4th | Basis 2023, New York City (United States), Series B | AI agents for automating accounting workflows and engagements | $138M | 67/100 | |
5th | Provider of online bookkeeping, tax preparation, and financial management solutions | $115M | 58/100 | ||
6th | Platform offering business incorporation solution | $41M | 58/100 | ||
7th | Finaloop 2018, Tustin (United States), Series A | Online tax and bookkeeping services for businesses | $55M | 58/100 | |
8th | Ceterus 2008, Charleston (United States), Series B | Tech-enabled bookkeeping and reporting services for businesses | $40.4M | 56/100 | |
9th | Iris Software 1979, Datchet (United Kingdom), Acquired | Provider of software and services for accountancy, HR, payroll, and education | - | 54/100 | |
10th | Decision automation and Gen AI-powered digital transformation platforms | - | - | 51/100 | |
29th | Fondo 2014, San Francisco (United States), Seed | Provider of bookkeeping, tax preparation, and tax credit services for startups | $8.35M | 42/100 |
Looking for more details on Fondo's competitors? Click here to see the top ones
Fondo's Investments and acquisitions
Fondo has made no investments or acquisitions yet.
Reports related to Fondo
Here is the latest report on Fondo's sector:
News related to Fondo
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Skyfora secures €4 million to supercharge AI weather forecasts using telecom GNSS meteorologyEU-Startups•Mar 03, 2025•Skyfora, Ugly Duckling Ventures, LUMO Labs, Voima Ventures and 2 others
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Fondo Receives $3MM in Pre-Seed Funding to Assist Startups with TaxesFintech Finance•Feb 24, 2023•Fondo, Y Combinator, GMO Venture Partners, Liquid 2 Ventures and 3 others
•
HireSure.ai Raises $2.5 Million Seed Funding From YCombintor, Three State Capital and othersOutlook India•Feb 15, 2023•CompUp, HireSure, Y Combinator, Three State Capital and 12 others
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