Media Release                                                                                                               24 August 2015

ACCODEX win.png

Startup closes seed round

to fuel US expansion

Today, Accodex, a startup offering a new tech-enabled platform for freelance accountants, has secured over $180,000 from private investors in North America and Australia in a seed funding round.

The company, having gained strong traction in Australia, will use this cash injection to fund capacity building for the startup here and overseas.

Last month, Accodex opened its first office in North America to capitalise on opportunities there, with CEO Chris Hooper, 28, relocating to the US next year.

Hooper states “as a startup, securing funding is a critical enabler for our growth and success, and we’re incredibly excited that our investors share our passion for Accodex’s potential.

“While this is an exciting moment in our journey, we are just getting started.

“Having recently visited the US I can see Australia really is a world-leader in using technology to completely revolutionise accounting as we currently know it and Accodex is keen to share this knowledge globally.

 

“We see Accodex as not just bean counters, but data crunchers. We are looking at not just accounting technology, but any technology that can capture business data and turn it into management intelligence, it’s a win-win for our accountants and the businesses they service.”

 

Investors include angel investor Harry Schiff from Venture Catalysts who met Hooper at Startup Weekend. On the investment, Schiff said, “I’ve been watching these guys for a while, so when I saw they were raising to expand in North America, I jumped at the opportunity.”

 

Other investors include technologists Shawn Webster and Ben Longstaff and fellow accountants Michael Goudas and Aaron Lepoidevin, all of whom are under 40 years of age.  

 

Accodex’s attorney Christos Tsonis remarked, “It’s a sign of things to come, this is what we call recycled capital. When an entrepreneur makes a win, they want to give back to the community that helped shape them.”

 

Chris Hooper, CEO, Accodex Partners

 

ENDS