Chicago-based accounting company Paro has secured $10 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 26 and led by Sierra Ventures.
According to its Crunchbase profile, "Paro is the alternative employment model for the future of finance work. Through technology, Paro matches businesses with the highest vetted freelance bookkeepers, accountants, financial analysts, and CFOs who provide remote, on-demand, hourly support when clients need it. Founded in 2015, the company is headquartered in Chicago, Illinois."
The four-year-old startup has raised three previous funding rounds, including a $1.5 million debt financing round in 2018.
The round brings total funding raised by Chicago companies in professional services over the past month to $28 million. The local professional services industry has seen 16 funding rounds over the past year, securing a total of $190 million in venture funding.
In other local funding news, mobile apps and hospital company nOCD announced a $4 million Series A funding round on Oct. 1, led by Chicago Ventures.
According to Crunchbase, "TreatMyOCD is a movement started by the nOCD app. Our goal is to revolutionize OCD treatment."
The company also raised a $1 million seed round in 2017.