$66million to give accounting firms the practice management solution they deserve
For too long, the accounting industry has been underserved by technology vendors.
At Karbon, we have a duty to correct this by serving the global accounting industry in the best possible way we can.
This is at the top of our minds every time we think about who we want to work with. I don’t just mean our employees or our customers (even though we think about them extensively). We also think carefully about our investors, our stakeholders, and everyone involved with the business.
It is pivotal that we find like-minded people who share our values and who have the right experience to help us on our journey to serve our customers better.
Today, I am thrilled to announce that one of the most experienced, thoughtful and strategically-minded people I have ever met has led a Series B investment in Karbon of up to $66million. Dave Yuan’s investment through Tidemark brings B2B and vertical SaaS experience that will accelerate our journey towards giving the global accounting industry the solution that it deserves and needs.
I have watched the likes of Clio, LegalZoom, Toast, and Siteminder and I have seen the impact that Dave has had on those businesses. The Tidemark team will be Karbon’s X-factor, and I am truly humbled that we can attract such an amazing set of experienced people.
I am proud of our team and that we have put ourselves in a position where we are now the preeminent independent practice management solution in the accounting industry globally.
No other solution is as far along as Karbon. The vendors that have underserved the industry for years and years now have some real competition. And this funding and the resources that come with it put them squarely in our focus.
But most importantly, we could not be better-placed to deliver greater value to tens of thousands (and one day, hundreds of thousands) of accounting firms across the world, and make the lives of their owners, staff, and clients better.

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