Ceterus raises $4.2M in Series A

What does Ceterus do?
Ceterus, is a company which provides accounting and reporting for small business niches. This company provides bookkeeping services for its franchise owner customers, using its cloud based platform and processes. The company provides small business owners some relief from the regular accounting work, providing them the chance to focus on enhancing their business. The company integrates data from the customers point of sale, financial systems and human resources and thus provides its customers benchmark data and valuable operational insights. The company has an experience with deep accounting experience with franchise owners and in good bookkeeping solutions. It provides the franchise owners a faster, better and cost effective choice for their main bookkeeping needs.
How much Ceterus was funded?
The company raised $4.2M in Series A on May 18, 2016 from IDEA Fund Partners, TechOperators and Alerion Ventures.
What is next for Ceterus?
The company has grown rapidly in this past year and its customers like how the company help them manage and scale their businesses. Mohammadioun from TechOperators company, which was an investors in the funding round, will join the company’s board of directors. The company plans to use the funding raised for building its technology and sales teams in Charlston, SC. The company is also actively hiring people to grow its Downtown Charleston headquarters.
More about Ceterus
The company was founded in 2008 by Levi Morehouse. It has its headquarters in Charleston, South Carolina. The company provides a do-it-for me solution for franchises to get accurate reports on finances and operational metrics at the right time and consistently. This provides the business owners important operational perspectives through data integration from the customer’s point of sale, accounting systems and human resources into 1 dashboard that is easily accessible. The company apart from providing bookkeeping services, actually helps customers in learning how to do do business better.