Accounting tools dashboard. Image Credits:<\/strong> Heard Technologies<\/p>\n<\/div>\n

\u201cWe help them really understand their practice as a small business,\u201d Riesen said. \u201cAmong the companies providing medical billing, electronic health record systems and care accessibility solutions, we\u2019re slotted into that accounting back office, supporting them with those core bookkeeping, payroll and tax needs.\u201d<\/p>\n

Heard raised $1.3 million in seed funding to launch its general ledger offering in 2021 and then raised another $10 million in Series A funding in 2022. In the past year, the company saw both its customer base and revenue grow by five times, Riesen said. Meanwhile, employee count grew from 20 to 35.<\/p>\n

Today, the company announced $15 million in new funding, which Riesen is calling an extension of its Series A round. It was led by Headline with participation from GGV Capital and follow-on from investors, including Footwork, Founders\u2019 Co-Op, Act One and Heron Rock. The new investment gives Heard $26.3 million in total funding to date.<\/p>\n

With the new funding, Heard will tackle automation and scaling technologies as it also expands its offerings in the areas of practice formation, banking and retirement.<\/p>\n

The company also recently rounded out its leadership team with the addition of chief operating officer KK Mulligan and head of support Brandon Wolf. Heard is also hiring for a vice president of engineering and head of tax operations, Riesen said.<\/p>\n

\u201cThere\u2019s a lot of opportunity in the accounting space to both improve and automate the annual tax filing experience and build on our core accounting features,\u201d Riesen added. \u201cOur ultimate goal is to be the financial back office for therapists in private practice. We\u2019ve also seen a lot of requests from our clinicians around financial planning and retirement planning, so we\u2019re spending time on delivering a more effective and seamless solution there.\u201d<\/p>\n<\/p><\/div>\n

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