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Venture Capital News: Pilot Scoops Up $60M Series C Funding

SAN FRANCISCO, CA, Pilot, the largest provider of back office services for startups and small businesses in the US, has closed a $60 million Series C round.
The round was led by Sequoia Capital, doubling its total funding to $120 million including investments from Index Ventures and Stripe. The additional raise enables Pilot to expand its breadth of back office services that remove distractions and help companies focus on success in a challenging business environment.

Pilot launched in 2017 to bring the back office into the modern era. The company provides small businesses with dedicated finance experts-which Pilot hires as full-time, U.S.-based employees-who learn the ins-and-outs of their business. Pilot integrates directly with the billing, banking, expense and payroll systems customers already use. With a special blend of custom software and expert bookkeepers, Pilot delivers accurate, consistent bookkeeping that gives entrepreneurs the freedom to focus on their business, as well as an array of additional financial services.

Pilot was founded by Waseem Daher, CEO; Jeff Arnold, COO; and Jessica McKellar, CTO. It is their third startup, after two successful exits. Pilot has over 1,000 customers and has raised about $120 million to date
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