Lettuce Financial bags $15m Series A led by Zeev Ventures
San Francisco-headquartered fintech start-up Lettuce Financial has secured a $15 million Series A funding round led by previous investor Zeev Ventures, a Californian venture capital firm.
Lettuce lands $15 million Series A
Founded in 2023, Lettuce provides a tax and accounting automation platform for solopreneurs, contractors, and freelancers. The company’s banking services are provided by TransPecos Banks, where deposits are FDIC-insured up to $250,000.
The company previously landed a $6 million seed round in March, which was also led by Zeev Ventures and included contributions from several angel investors.
At the time, Lettuce stated that the funding would be allocated towards advancing product innovation, investing in AI research, and expanding its Solopreneur Accelerator programme, which evaluates a solopreneur’s business structure, expenses, healthcare, retirement planning, and tax strategies.
Lettuce says its latest cash injection will be used to fuel “accelerated growth, innovation, and product development”. It follows the June launch of its LettuceHead AI product, a new chatbot offering designed to address solopreneurs’ tax and accounting inquiries.
“Businesses run by solopreneurs represent more than $200 billion in unmanaged, unpredicted, and unoptimised taxes, and although they are key contributors to the economy, solopreneurs have little guidance on how to approach and manage their businesses accounting and taxes,” comments Ran Harpaz, founder and CEO of Lettuce.
“We are democratising the world of taxes and accounting for solopreneurs and aim to put at least $50 billion back into business growth by helping them navigate the tax system and implement accounting strategies tailored to their business needs.”
