Gappify, Inc. Announces Closing of Equity Financing

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Gappify empowers the Controllership function with robust automation solutions to support their accounts payable, accounts receivable and general ledger teams.

Gappify, Inc. ("Gappify"), a provider of digital workers for the accounting enterprise, today announced that it has completed a financing round led by Stage 2 Capital. As part of the transaction, Stage 2 Capital Managing Partner, Jay Po, will join Gappify’s Board of Directors.

Gappify, whose team consists of former accountants and KPMG auditors, will use the funding to invest in new product development and accelerate sales and marketing efforts.

"Gappify is excited to build innovative, industry-leading products that help corporate accountants close their books faster and in a compliant and efficient manner," said Jotham Ty, CEO and founder of Gappify. "This investment will enable our team to develop autonomous solutions for more processes within the Controllership, and provide our customers an enhanced experience with robust capabilities and deep system integrations.”

"We were impressed with Gappify’s vision for modernizing the accounting profession," added Stage 2 Capital’s Jay Po. "With more CFOs prioritizing efficiencies and compliance in their accounting organization, we see an enormous opportunity to partner with Gappify to accelerate digital transformation efforts and create immediate value for the Controllership function.”

Other participants in the financing round include SaaS Ventures, Manila Angel Investor Network, Pasudeco Investment Management Corporation, Overtime.vc, and former Oracle CFO Jeff Epstein.

About Gappify
Gappify is the leading provider of digital workers for the accounting enterprise. By adding its digital worker “Gappify Alan” to an accounting system, various processes can be initiated and completed autonomously across Controllership functions such as accounts payable, accounts receivable and general ledger teams. Gappify’s customers include industry-leading pre-IPO companies to large publicly-traded enterprises. For more information visit http://www.gappify.com.

About Stage 2 Capital
Stage 2 Capital is an early stage venture capital firm that invests in B2B software companies and sits shoulder-to-shoulder with management teams to operationalize sustainable revenue growth. Backed by 250+ go-to-market professionals from leading tech companies, Stage 2 leverages its deep GTM expertise to help entrepreneurs scale revenue, in addition to providing capital. All inquiries should be directed to jay@stage2.capital.

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