Kick raises $9M to automate the boring stuff

When you own your own business — managing all your necessary accounting work in a spreadsheet or complex software is simply work humans shouldn’t have to do.

Kick raised a $9M Seed round with participation from OpenAI Startup Fund and General Catalyst to automate all the boring stuff.

Along with this, the team introduced a new user experience of ‘Done with you’ software, which has become a new standard for useful agents.

Introducing ‘Done with you’ software

In September of last year, I shared the background behind starting Kick (read the announcement). From the start, Kick is built for the Owner — whether that’s the Entrepreneur or the 3M Accounting and Bookkeeping firms who support them.

I’m excited to share our progress since that announcement, in Kick today serving over 1,000 businesses and hitting an inflection point of 50% monthly growth over the past 3 months.

A significant factor powering this growth has been our freemium pricing model.

Kick is free to start and doesn’t charge you to connect any additional business entities, team members or accounts. This is a dramatic difference compared to existing software or hiring. The end result? Kick is 1/3 the cost of a traditional bookkeeper. This dramatic reduction in price benefits not only the Entrepreneur, but also the Accountants and Bookkeepers who use Kick every day to serve many more clients than before.

Unlike traditional workflow software, Kick runs in the background to handle the busy work, while keeping you in full control.

One example is Kick’s ability to organize personal expenses which are often mixed in a Business Owner’s personal accounts. Properly identifying miscellaneous Software & Subscription, Meals, Travel and Home Office expenses which should be for business save the average user $4k on their taxes. This means even if you’re a paid user, Kick often pays for itself.

Supporters

As we enter this new world of software, we’re proud to have the support of some of forward thinking users like Shaan Puri (My First Million Podcast), Pat Flynn and Matt Gartland (Smart Passive Income), Marina Mogilko (LinguaTrip), and Jason Feifer (Editor-in-Chief of Entrepreneur) who’ve all turned to Kick to automate their back office.

We’ve also been fortunate to have the support of long-term investors who bought into our product-first approach, including Marc Bhargava (General Catalyst), Ian Hathaway (OpenAI Startup Fund), Lachy Groom (Ex-Stripe), Michael Vaughn (Ex-Venmo), Nick Davidov (DVC), Eric Glyman and Karim Atiyeh (Founders, Ramp), Sahil Lavingia (CEO, Gumroad), Austen Allred (CEO, Bloomtech), Tikhon Berstram (Co-Founder, Parse), Soleio Cuervo (Ex-Facebook), Scott Belsky (CSO, Adobe), Joshua Browder (CEO, DoNotPay) and 60+ others.

Moving forward

With this funding, Kick scaled up to deliver even more powerful features to help grow the Ownership Economy.