The round was led by General Catalyst, with participation from Pruven Capital, Edward Jones Ventures, and a group of industry executives and founders. The funding will support continued investment in product and AI development, team expansion, and onboarding accounting firms as Accrual scales.

Accrual is an AI-native accounting platform built for leading accounting firms. The platform unifies tax preparation and review into a single system that automates manual work while preserving the accuracy, controls, and auditability firms require. Accrual is led by engineers and technology leaders who previously built financial infrastructure at companies including Stripe and Brex, and is backed by General Catalyst, Pruven Capital, Edward Jones Ventures, and a group of industry executives and founders. The company works closely with accounting firm leaders across the U.S. to build core infrastructure for the next generation of accounting workflows.