Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-ups

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Here’s a structured summary based on the provided information:

Startup

  • Name: Multiplier (now called Multiplier Holdings)
  • Founded By: Noah Pepper

Founders

  • Noah Pepper: Former Stripe business lead for Asia Pacific

Funds and Investors

  • Total Raised: $27.5 million
  • Seed Funding:
    • Led By: Ribbit Capital
    • Participation: SV Angel
  • Series A Funding:
    • Led By: Lightspeed Venture Partners

Additional Investors Mentioned

  • General Catalyst
  • Elad Gil
  • Thrive
  • Khosla Ventures

Acquisitions

  • Acquired Firm: Citrine International Tax
    • Details: Boutique provider of cross-border tax accounting services
    • Impact: More than doubled profit margins with AI capabilities

Fundraise Series and Dates

  • Seed Round: Date not specified
  • Series A Round: Date not specified, but occurred after the initial seed round in late 2022.

Strategy Overview

  • Aim: Acquire existing professional service businesses and enhance them with AI solutions.
  • Market Position: Aspires to compete with the Big Four accounting firms by offering AI-powered tax compliance services.

This information encapsulates the key points from the text regarding the startup, its funding, and strategic direction.

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2025-06-18 19:50:38