July 24, 2016 8:58 PM ET

Professional Services

Company Overview of Bench Accounting Inc.

Company Overview

Bench Accounting Inc. provides online bookkeeping services in Canada. It offers monthly financial statements; tracks various details; and offers year-end financials and tax time support. Bench Accounting Inc. was formerly known as 10sheet Inc. and changed its name to Bench Accounting Inc. in June 2013. The company was founded in 2012 and is based in Vancouver, Canada.

200-717 West Pender Street

Suite 200

Vancouver, BC V6C 1G9

Canada

Founded in 2012

Phone:

888-760-1940

Key Executives for Bench Accounting Inc.

Co-Founder and Chief Executive Officer
Co-Founder and Vice President of Marketing
Co-Founder and Vice President of Design
Co-Founder and Chief Technology Officer
Vice President of Finance
Compensation as of Fiscal Year 2016.

Bench Accounting Inc. Key Developments

Bench Raises USD 16 Million Series B

Bench, announced that it closed a $16 million USD Series B up-round led by Bain Capital Ventures and joined by Altos Ventures and Contour Venture Partners. The new round, which brings total capital raised to $33 million, will go toward significant product enhancements and the rollout of a new product. Continuing to hire Canada's top design and software engineering talent remains the focus of the four-year-old company, based downtown Vancouver, British Columbia.

Bench Announces Management Appointments

Bench has appointed Sebastian Prallet to the newly-created position of chief wholesale officer. He will be responsible for the company's 1,500 wholesale customers worldwide, 700 of which are in Germany. He will be based in Munich and report to Dr. Bruno Sälzer, who is due to become Bench's new chief executive and chairman by December 1, 2014. Prallet joins from the Holy Fashion Group in Switzerland, where he has been head of international sales of menswear and womens wear for the Joop brand since 2010.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 27, 2016
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