Teal Announces $8M Seed Investment to Drive Next-Gen Accounting Products for Vertical SaaS

NEW YORK--(BUSINESS WIRE)--Teal, a rapidly growing startup specializing in accounting infrastructure for Vertical SaaS businesses, today announced $8 USD million in seed funding. Founded in 2023 by Ian Crosby, former Head of Financial Services at Shopify and CEO and co-founder of Bench Accounting, Teal allows Vertical SaaS businesses to build their own accounting suites to offer to their SMB customers. The round was led by Torch Capital with participation from Basis Set Ventures, General Advanc