Austin-based startup MakersHub has raised $7 million in additional Seed funding, bringing its total funding to $11.5 million and positioning the company for significant growth in the accounts payable technology space.
The funding round was led by prominent investors QED Investors and TTV Capital, with participation from Dash Fund, TRB Advisors, and four angel investors. As part of the investment, QED Partner Laura Bock and Athletic Brewing Company CEO Bill Shufelt will join MakersHub’s Board of Directors.
Founded in 2021 by Wharton Executive MBA alumni Phong Ngo and Charley Howe, MakersHub has developed a data-driven accounts payable platform designed to streamline financial processes for businesses and accounting professionals. The company’s technology aims to capture comprehensive financial data, reduce processing errors, and generate meaningful business insights.
The startup has demonstrated impressive growth, boasting over 200 paying customers and a network of several thousand payees. MakersHub has reported more than 10x year-to-date growth across nearly all of its commercial metrics.
Company leaders plan to use the new funding to accelerate platform infrastructure investments and expand their sales and marketing teams. This strategic approach reflects the startup’s commitment to supporting its rapid customer acquisition and technological development.
“This funding will enable us to continue our mission of transforming accounts payable processes for data-driven businesses,” said a company spokesperson.
The investment highlights the growing market demand for innovative financial technology solutions that can help businesses optimize their financial operations and generate actionable insights.