Online personal finance and budgeting site has raised $14 million in its third round of venture capital funding, joining, which raised $8.5 million earlier this month.

DAG Ventures led’s Series C round. Other participants included a new investor, The Founder’s Fund, along with earlier investors, Benchmark Capital, Shasta Ventures, First Round Capital, and Sherpalo. is one of a number of personal finance sites that have gained popularity as more people struggle to keep their finances under control during the recession, and resort to the Internet, rather than accountants, for help. Such sites require users to entrust a great deal of their personal financial information to an outside company. Nevertheless, has been one of the most successful such sites, attracting over 1.4 million users. The site claims to be tracking over $175 billion in transactions and $47 billion in assets, and said it has identified $300 million in potential savings for its users. does not disclose its revenues, but claims they are up eightfold year over year. is not the only Web site attracting interest from the VC world. Earlier this month,, an online bill management site used by accounting firms and small and midsized businesses, announced that it closed an $8.5 million venture financing round, bringing total investment in the company to more than $17 million. August Capital, which led the financing round, is the same VC firm that was the first venture investor in CEO Rene Lacerte’s earlier company, PayCycle.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access