Accrual launches with $75m Series A led by General Catalyst
PruVen Capital and Edward Jones Ventures join financing to expand the accounting platform and onboard firms.
Financing follows work with established accounting firms
General Catalyst led Accrual’s $75m financing, with PruVen Capital, Edward Jones Ventures and industry investors participating. PruVen’s counsel identifies the financing as a Series A.
The launch followed work with H&R Block, Armanino, Creative Planning and other large accounting firms. Accrual planned further product and AI development, team expansion and customer onboarding. Its February launch focused on individual tax returns, with broader accounting workflows planned over time.