Australia: Hubdoc closes $4.85m seed round led by BDC IT & Round 13 Capital

Australia: Hubdoc closes $4.85m seed round led by BDC IT & Round 13 Capital

Photo: Hubdoc's Twitter account

Cloud accounting application Hubdoc, which automates financial document collection and processing, has secured $4.85 million in seed funding. BDC IT Venture Fund and Round13 Capital led the round with participation from Hyde Park Venture Partners and other investors.

The funds will be used to scale growth in North America, Australia and the United Kingdom, and to accelerate innovation in accounting automation. The company plans to invest in talent across product development, machine learning, sales and marketing.

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