Accounts payable automation company Beanworks has closed of a $10.1 million Series B funding round led by FINTOP Capital, alongside BDC Capital’s Women in Technology Venture Fund. The round was further supported by existing and new private investors.
Beanworks CEO, Catherine Dahl, credits her company’s inclusive culture as a key driving force behind Beanworks’ growth.
“We began with two female and two male co-founders in 2012 because we knew strategically companies that focus on gender diversity perform better. Studies repeatedly show that diversity and inclusion increase workplace satisfaction, productivity, retention, and overall revenue. Our approach includes gender representation, diversified recruitment strategies, and bias free HR practices. In addition to being a part of our core values, these initiatives give us a strategic advantage over companies that do little more than pay lip service to this vital concept.”
In line with the company’s focus on gender diversity, Beanworks is also pleased to welcome Michelle Scarborough, Managing Director, Strategic Investments and Women in Technology Venture Fund at BDC Capital, and Joe Maxwell, Managing Partner of FINTOP, to its Board of Directors.
The $10.1 million in funding comes a year after Beanworks began a partnership with Sage Software as its exclusive AP automation provider.