Invoice Management Platform Stampli Secures $6.7 Million Series A

Stampli, an interactive invoice management platform for midsize and large enterprises, raised $6.7 million in Series A financing led by SignalFire, with participation from Bloomberg Beta, Hillsven Capital, and UpWest Labs.

Stampli uses AI to translate each invoice into an interactive landing page and allows all necessary approvers to communicate directly on the invoice in one place. Stampli is designed to integrate directly with an organization’s ERP, including NetSuite, Intuit QuickBooks, Intacct, and SAP, and uses AI to learn who needs to receive an invoice, which department it belongs to, and to which GL accounts and costing accounts it should be assigned.

The company plans to use the new funding to further scale the business, which it says is growing 20 percent each month.