Audit software Fieldguide hits $100m valuation

Fieldguide, which offers an automation and collaboration platforms for audit and advisory firms, has collected $17m in its Series A, which brings its valuation to $100m.

8VC served as the lead investor, with commitments also coming from Floodgate and other strategic angels.

With the capital injection, the company plans to quadruple its team, expand its product offering across more audit and consulting projects and scale its go-to-market initiative.

The San Francisco-based FinTech company has built an end-to-end cloud-native experience aimed to simplify cybersecurity ESG and other risk assessments.

Fieldguide claims the heightened risk environment has increased the demand for risk and compliance services. Legacy systems used by audit systems and advisory firms cannot meet the new demands, which is where Fieldguide comes in.

Fieldguide CEO and co-founder Jin Chang said, “As a former practitioner at a top global firm, I’ve always wanted a platform like Fieldguide to simplify and modernize complex risk and compliance projects. Our team at Fieldguide is dedicated to advancing the audit and advisory profession–who serves a noble purpose in ensuring commerce and capital markets run with trust.”

“Fieldguide has allowed us to deliver a market-leading experience to both current and new clients.”

With the close of the Series A round, the company has raised a total of $20m in funding.

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