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Benchrevenue & funding

Accounting & Finance SoftwareVancouver, British Columbia, CanadaFounded 2012CEO Ian Crosby

Bench is the online bookkeeping service that pairs you with a dedicated bookkeeping team and simple, elegant software to balance your books.

bench.coLinkedInUpdated Dec 19, 2024
Annual revenue
$54.9M
Oct 2024EST
Total raised
$124.1M
7 rounds
Employees
498
Dec 2024

Bench revenue

Bench has not published its revenue. GetLatka estimates it at about $54.9M a year (October 2024).

$0
$20M
$40M
$0
–
$5.7M
–
$29.3M
$54.9M
20122013–1720182019–2220232024
ReportedEstimateFounded 2012 at $0; every reading has its own bar
All 3 revenue readings, with sources
As ofRevenueSource
Feb 2018$5.7M–
Dec 2023$29.3MESTGetLatka estimate
Oct 2024$54.9MESTGetLatka estimate

– source not recorded

Bench funding rounds & investors

Bench has raised $124.1M across seven rounds since 2012. The latest was a $75M Series C in June 2021.

DateRoundRaised
Jun 2021Series C$75M
Feb 2018Series B$23M
May 2016Series B$16M
May 2015Series A$7M
May 2014Seed$1M
May 2013Seed$2M
May 2012Pre-Seed$100K
Total raised$124.1M

Bench competitors

Bench competes most directly with Xero, inDinero and Pilot.

CompanyRevenueFundingEmployeesCustomersFounded
Xero$1.6B$1.7B5,1144.9M2006
inDinero$63M$9.9M158–2009
Bench$54.9M$124.1M498–2012
Pilot$27M$218.3M4161K2017

Bench CEO, founders & employees

Ian Crosby founded Bench in 2012 and runs it as CEO. Bench had 498 employees (December 2024, LinkedIn), down from 564 a year earlier.

0
200
400
600
166
–
634
648
564
498
20182019–202021202220232024
ReportedOne figure per year; a reported figure wins over an estimate
All 6 headcount readings, with sources
As ofEmployeesSource
Dec 2024498LinkedIn
Oct 2024518LinkedIn
Dec 2023564LinkedIn
Dec 2022648LinkedIn
Dec 2021634LinkedIn
Feb 2018166–

Bench FAQ

What is Bench's revenue?

GetLatka estimates Bench's revenue at about $54.9M a year (October 2024). The company hasn't published its own figure.

How much funding has Bench raised?

Bench has raised $124.1M across seven funding rounds. The latest was a $75M Series C in June 2021.

How many employees does Bench have?

Bench had 498 employees in December 2024, according to LinkedIn.

Who is the CEO of Bench?

Ian Crosby is the CEO of Bench and founded the company in 2012.

Who founded Bench?

Ian Crosby founded Bench in 2012.

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How this page is sourced

5 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.

Updated Dec 19, 2024Data disclaimerReport a correctionClaim this profileRun Bench? Join the podcast