Ceterus Secures $4.2M Series A Round

The round was led by TechOperators the largest venture technology investor in the Southeast with participation from The IDEA Fund Partners of Raleigh NC and Alerion Ventures of Charleston SC

With deep accounting experience in working with franchise owners and an innovative bookkeeping-as-a-service solution Ceterus provides franchise owners a better faster and more affordable solution for their core bookkeeping needs We have grown rapidly this past year and our customers love how we help them manage and grow their businesses said Levi Morehouse Ceterus CEO and Founder Our investors understand the market potential for cloud-based bookkeeping-as-a-service and they have the strong operational backgrounds to help us scale ‘

The Ceterus Insight offering enables a Do-It-For-Me solution for franchise owners to get accurate financial reporting and operational metrics in a timely consistent basis This includes providing business owners valuable operational perspectives by integrating data from their point-of-sale human resources and accounting systems into one accessible dashboard Not only do we do the actual bookkeeping for our customers we help our customers learn how to run their businesses better Morehouse said

This is Atlanta-based TechOperators first venture investment in South Carolina Said Mohammadioun who will be joining the Ceterus board of directors affirmed All franchise business owners need good financial information and operational benchmarks and Ceterus has a solid track record and very happy customers While bookkeeping isn’t new Ceterus cloud-based platform and how they deliver excellent service and results is a powerful combination We are excited to be partnered with Ceterus as they execute their vision to reinvent bookkeeping for franchise businesses through innovative automation ‘

Ceterus will be using this funding to build its technology and sales teams in Charleston SC The company is actively hiring to grow their downtown Charleston headquarters

About Ceterus

Founded in , Ceterus provides bookkeeping services for its franchise owner customers using Ceterus cloud-based platform and processes Ceterus frees its small business owners from mundane accounting work enabling them to focus on growing their businesses By integrating data from customers point of sale human resources and financial systems Ceterus also gives its customers valuable operational insights and benchmark data Ceterus is located in Charleston South Carolina

For more information visit http://www ceterusinc com

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