Overview
Botkeeper is a human-assisted AI bookkeeping platform founded in July 2015 in Boston by Enrico Palmerino (CEO, serial entrepreneur, former ThinkLite founder), Louie Balasny, Andrew Gauthier, and Angelina DeLago. The company has raised $89.5M across 4 rounds, including a $42M Series C in November 2021 from Tom Golisano’s (Paychex founder) Grand Oaks Capital.
Highlights
- Founder story: Enrico Palmerino’s serial entrepreneur journey
- Human-assisted AI: ML platform for automated transaction categorization and reconciliation
- Botkeeper Operating System (BOS): Launched 2022 for comprehensive firm management
- B2B model: Primary focus on serving accounting firms, not direct to SMBs
- Scale: Serves 80+ firms, processes 40M+ transactions per quarter
- “Making people more human” philosophy: Freeing accountants for higher-value advisory work
- Paychex founder backing: Strategic investment signaling payroll/accounting convergence
- Use cases: Outsourced bookkeeping for accounting firms, transaction categorization, reconciliation
Founded
July 2015 in Boston, Massachusetts. Founded by Enrico Palmerino (CEO), Louie Balasny, Andrew Gauthier, Angelina DeLago.
Headquarters
Boston, MA; operations center in St. Petersburg, FL.
Ownership and funding
Independent. Raised $89.5M across 4 rounds (Series C: $42M, November 2021, from Tom Golisano’s Grand Oaks Capital).
Core technology
Human-assisted AI/ML for automated transaction categorization and reconciliation. Botkeeper Operating System (BOS) launched 2022.
Market position
Accounting firms (B2B) and SMBs; 80+ firms, 40M+ transactions per quarter.
Product philosophy
“Making people more human”, freeing accountants for higher-value advisory work.