LiveFlow Next suite includes tools such as custom client dashboards, and more. Credit: TippaPatt/Shutterstock.

LiveFlow, an accounting automation platform, has completed a Series A funding round, securing $13.5m.  

The round was spearheaded by Valar Ventures, based in New York City.  

With the fresh funding, LiveFlow is also planning to expand its New York-based go-to-market team.  

The company intends to channel investments into new research and development initiatives. 

The company is focused on leading the technical shift in the industry as well as making the finance and accounting fields more attractive to young graduates. 

Valar founding partner James Fitzgerald told Crowdfund Insider: “LiveFlow helps save countless hours per month while also eliminating human error. As LiveFlow scales, the company will have an incredibly positive impact on the businesses it serves.  

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“LiveFlow will give more companies a clearer picture of their day-to-day financial health, which is crucial for making sound financial decisions that lead to success.” 

Additionally, the company has announced the launch of LiveFlow Next, a new platform designed to transform accounting firms into high-growth financial advisory services. 

LiveFlow Next suite includes an array of tools including custom client dashboards, intelligent forecasting, industry benchmarking, and AI-driven transaction categorisation, among others.  

LiveFlow founder Lasse Kalkar said: “Instead of streamlining workflows, most legacy software has only added to their burden.  

“It’s time to equip them with the tools they’ve long needed, allowing them to move beyond processing transactions and filing taxes to becoming trusted advisors, offering tailored insights to their clients.”