About CFO Stack sector in United States
The CFO Stack sector in United States comprises 5.61K companies, including 1.7K funded companies having collectively raised $79.1B in venture capital money and private equity. Out of these, 1.1K are Series A+ funded, and 39 have achieved unicorn status.
CFO Stack sector in United States has seen 654 acquisitions and 33 IPOs. This represents almost 12.3% of all such companies - which is higher than the 4.0% exit rate of tech companies in general.
This sector includes companies providing collection of specialized tools and necessary systems/software that enable finance teams and finance leadership to effectively handle their daily tasks.
CFO Stack sector is also known as Tech Stack for Office of the CFO.
It includes software to automate major functions in CFO office like Financial Planning and Analysis, Budgeting, forecasting, treasury management, accounting, etc. It excludes all the Non-financial tools that do not integrate seamlessly with financial operations,.
Top CFO Stack Companies in United States
There are 5,607 CFO Stack startups in United States which include Coupa, Carta, Palantir, Ramp, Gusto. Out of these, 1,704 startups are funded, with 1,100 having secured Series A+ funding, and 39 achieving unicorn status.
2026 has seen the creation of 111 CFO Stack startups in United States. Over the past 10 years, an average of 257 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Stanford University, Massachusetts Institute of Technology and Harvard University.
Here is the list of top CFO Stack startups in United States
1. Coupa
Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend. It features solutions for spending management, procurement invoice automation, sourcing, travel and expense management, inventory optimization, contract management, spend analysis, data visualization, payment automation, compliance, and supplier management. It caters to multiple sectors like healthcare, hospitality, life sciences, and manufacturing.
Key facts about Coupa
- Founded Year: 2006
- Location: San Mateo (United States)
- Stage: Acquired
- Total Funding till date: $169M
- Investors: Iconiq Capital, Mohr Davidow Ventures and 18 Others
- Latest Funding Round: Post IPO, Jun 11, 2020, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 1,045 Competitors
2. Carta
Software-based equity management solutions. It offers features solutions for valuation, equity planning, transfer agents, electronic securities, scenario modeling, fund administration, portfolio data collection, and more. It offers solutions to multiple sectors including private companies, investors, and public companies. It also offers ESOP management solutions.
Key facts about Carta
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Series G
- Total Funding till date: $1.16B
- Investors: Andreessen Horowitz, Social Capital and 139 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 95 Competitors
3. Palantir
Platform that provides data analysis and management solutions. It is a software company that specializes in big data analytics and provides software platforms for analyzing and integrating large amounts of data. Its software powers real-time, AI-driven decisions in critical government and commercial enterprise, from the factory floors to the front lines.
Key facts about Palantir
- Founded Year: 2003
- Location: Denver (United States)
- Stage: Public
- Total Funding till date: $2.46B
- Investors: Founders Fund, Sompo Holdings and 171 Others
- Latest Funding Round: Post IPO, Aug 31, 2023, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 2 of 3,445 Competitors
4. Ramp
Provider of a platform for spend management, corporate cards, and payables. The platform offers features such as expense management, accounts payable processing, and travel management. It also provides procurement and accounting automation capabilities. The platform aims to streamline financial operations and improve efficiency for finance teams.
Key facts about Ramp
- Founded Year: 2019
- Location: New York City (United States)
- Stage: Series F
- Total Funding till date: $3.22B
- Investors: Founders Fund, Coatue and 73 Others
- Latest Funding Round: Series F, Jun 04, 2026, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 1 of 4,337 Competitors
5. Gusto
Cloud-based payroll, benefits, and HR software for small and medium-sized businesses. Its core offering is software delivered online, with API integrations and automation features designed to help SMBs manage back-office operations more efficiently.
Key facts about Gusto
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Series E
- Total Funding till date: $718M
- Investors: Y Combinator, T. Rowe Price and 85 Others
- Latest Funding Round: Series E, May 13, 2022, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 2 of 5,802 Competitors
Companies founded year-on-year in the CFO Stack sector in United States
111 new startups have been founded so far in 2026 in the CFO Stack sector in United States. 425 CFO Stack startups in United States were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 111 |
2025 | 94 |
2024 | 165 |
2023 | 257 |
2022 | 257 |
2021 | 360 |
2020 | 425 |
2019 | 359 |
2018 | 297 |
2017 | 249 |
Stage-wise distribution of CFO Stack sector companies in United States
Out of the total 5,607 CFO Stack companies in United States, 1,704 have secured funding. Among them, 1,100 have reached Series A or higher, and 874 to Series B or beyond.
Founded - 5,607
Funded - 1,704
Series A+ - 1,100
Series B+ - 874
Series C+ - 774
Company Stage | No. of companies |
|---|---|
Founded | 5,607 |
Funded | 1,704 |
Series A+ | 1,100 |
Series B+ | 874 |
Series C+ | 774 |
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Funding Trends in the CFO Stack sector in United States
Total funding year-on-year in the CFO Stack sector in United States
The CFO Stack sector in United States saw a total funding of more than $59.5B in the last 10 years. The most amount of funding was in 2021 at more than $18B. There has been a total funding of $3.17B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $3.17B |
2025 | $5.91B |
2024 | $3.64B |
2023 | $3.23B |
2022 | $7.03B |
2021 | $18B |
2020 | $7.5B |
2019 | $5.28B |
2018 | $4.12B |
2017 | $1.59B |
Recent Funding Rounds in CFO Stack in United States
In the year 2026, till September 2026, CFO Stack companies in United States have raised $2.52B in equity funding across 97 rounds.
In the same period last year (i.e. till September 2025), CFO Stack companies in United States had raised $3.76B across 140 rounds.
So, 2026 has seen a 33.12% drop in funding in CFO Stack companies in United States as compared to 2025.
Here are some recent, important funding rounds in CFO Stack companies in United States:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 3976 | Sep 22, 2026 | ||
Series A | 2692 | Sep 17, 2026 | and 1 more | |
Series C | 5729 | Sep 15, 2026 | ||
Seed | 8617 | Sep 09, 2026 | ||
Series A | 3454 | Sep 09, 2026 |
Top Investors in CFO Stack in United States
Y Combinator is the top investor in CFO Stack companies in United States based on number of companies invested.
Here are some top investors in CFO Stack companies in United States:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Mountain View (United States) | ||
New York City (United States) | ||
Ho Chi Minh City (Vietnam) | ||
Cambridge (United States) | ||
New York City (United States) |
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M&A activity in CFO Stack sector in United States
In the year 2026, till September 2026, 28 acquisitions happened in CFO Stack sector in United States. Last year, in 2025, a total of 52 acquisitions happened in CFO Stack sector in United States.
Here are some recent, important acquisitions in CFO Stack sector in United States:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 28, 2026 | ||
Business Acquisition | Aug 18, 2026 | ||
Business Acquisition | Jul 28, 2026 | ||
Business Acquisition | Jul 09, 2026 | ||
Business Acquisition | Jul 03, 2026 |
Acquisition trends in CFO Stack sector in United States
Here are the acquisition trends in CFO Stack sector in United States:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 28 |
2025 | 52 |
2024 | 52 |
2023 | 31 |
2022 | 58 |
2021 | 72 |
2020 | 37 |
2019 | 49 |
2018 | 57 |
2017 | 49 |
IPOs in CFO Stack in United States
In the year 2025, till October 2025, 2 IPOs happened in CFO Stack sector in United States.
Here are some recent, important IPOs in CFO Stack sector in United States:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 30, 2025 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Sep 19, 2025 | Singapore stock exchange. ( SGX) | |
Jul 24, 2024 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Nov 17, 2023 | Euronext Exchange (Euronext) | |
Feb 17, 2022 | Brazil Stock Exchange (B3) |
Colleges which produce the most CFO Stack companies in United States
Companies founded by alumni from top colleges in the CFO Stack in United States
Most number of CFO Stack startups in United States have been founded by alumni from Stanford University, Massachusetts Institute of Technology and Harvard University.
College | No. of companies |
|---|---|
Stanford University | 78 |
Massachusetts Institute of Technology | 44 |
Harvard University | 43 |
University of Pennsylvania | 42 |
University of California (Berkeley) | 41 |
Harvard Business School | 35 |
Cornell University | 34 |
University of California (Los Angeles) | 24 |
Columbia University | 22 |
Stanford Business School | 20 |
Total funding in CFO Stack companies founded by alumni from top colleges in United States
In the last 10 years, Stanford University graduates' CFO Stack companies in United States have raised the most funding among top colleges. INSEAD alumni are second, and Harvard University alumni are third.
College | Total Funding |
|---|---|
Stanford University | $10.6B |
INSEAD | $7.13B |
Harvard University | $5.43B |
University of Chicago | $4.36B |
University of California (Berkeley) | $4.23B |
Yale University | $2.66B |
IIT Delhi | $2.19B |
IIT Kanpur | $1.72B |
Technion Israel Institute Technology | $1.52B |
Massachusetts Institute of Technology | $1.45B |
Top News in CFO Stack in United States
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Billtrust to Invest ₹450 Crore in Hyderabad GCC, Plans 1,000-Member TeamBusiness Line•Sep 28, 2026•Billtrust
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Sirion Recognized as Technical Value Leader in CLM by The Hackett Group's Fall 2026 SolutionMapFinancial Post•Sep 24, 2026•Sirion
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Medius Integrates Avalara AvaTax for Enhanced AP Automation Tax VerificationPR Newswire•Sep 24, 2026•Medius, Avalara
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Three Weeks into France E-Invoicing Mandate: Sovos Hits Unparalleled Production ScaleBusiness Wire•Sep 23, 2026•Sovos Compliance
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Diligent and CivicPlus Announce DocAccess Integration to Enhance Public Sector Document AccessibilityFinancial Post•Sep 22, 2026•Diligent, CivicPlus
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