Announcing $40M in Series B Funding and Pilot Tax
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We’re excited to announce that Pilot has raised $40 million in Series B funding, led by Index Ventures and joined by Stripe. We’re also thrilled to announce the public launch of Pilot Tax, our new corporate tax preparation service. Starting today, you can get bookkeeping and tax prep taken care of under the same roof, with the quality bar you’ve come to expect from Pilot. Customers who have used Pilot Tax love it, and we look forward to rolling the service out to a wider audience.
We started Pilot in 2017 because of the pain we experienced when running our previous companies. Managing our own finances made a few things quite clear: (1) bookkeeping is incredibly important—it’s your window into the health of your business, (2) the work of keeping a company’s books up-to-date is incredibly manual and error-prone, and (3) software can help do this job really well. But the last thing any business owner wants is another software tool. What you really want is not to have to worry about bookkeeping at all, so you can spend more time running your business.
Enter Pilot: a bookkeeping service. When you work with us, you’re paired with your dedicated account manager. They’re a full-time U.S.-based employee who works out of our offices and learns the ins-and-outs of your business in intimate detail. Your account manager has a secret weapon: powerful software we’ve built to let us handle the mechanical aspects of your bookkeeping with incredible accuracy and reliability. We keep everything up-to-date in QuickBooks Online, which means you’re on the industry-standard platform as well.
This approach—people doing what people do best, software doing what software does best—is what allows us to deliver such a high-quality experience. It’s one of the main reasons we handle bookkeeping for over $100M/month in financial transactions today. With the addition of Pilot Tax, we’re further increasing our ability to solve painful problems for our customers. Pilot Tax includes income tax filings, 1099 filings, Delaware franchise tax filings, and more, so if you or someone you know is looking for high-quality bookkeeping and tax prep, give Pilot a try today.
This Series B funding is just one step towards achieving our goal: giving business owners everywhere time back to focus on their business, rather than their back office. We wouldn’t be where we are without the support of our customers, partners, colleagues, and investors, and we can’t wait for what’s ahead!