New Investment Fuels Qount's AI-Powered Solutions to Streamline Tax and Accounting Practice Management

Recently, Qount, a company specializing in AI-driven practice management solutions for accounting firms, has announced a significant new investment to further enhance its offerings. This funding round, which totaled $17 million, was led by Savant Growth, a private equity firm focused on capital-efficient B2B SaaS companies. Also participating in the round was Kennet Partners, alongside substantial contributions from Qount’s new leadership team.

The investment aims to accelerate the development and deployment of Qount's AI-driven solutions, which are designed to automate practice management and improve operational workflows for tax and accounting professionals. This innovation is particularly important as the industry seeks greater efficiency and scalability.

Overview of Qount's Solutions

Qount offers a cloud-based platform that integrates various tools necessary for managing accounting practices. This includes customer relationship management (CRM), client onboarding, collaboration between teams, document management, task and workflow management, electronic signatures, payment processing, and project tracking. By combining these functionalities into one comprehensive solution, Qount enables accountants and tax professionals to streamline operations and enhance productivity.

“Our AI-powered suite delivers significant returns on investment by providing insights that optimize the management of accounting firms and automate service delivery workflows,” states Javier Rojas, the Managing Partner of Savant Growth.

Leadership and Strategic Direction

With this new investment, significant changes have also occurred within Qount’s leadership team. Peter Miele has been appointed as the new CEO of Qount. He brings over 20 years of experience in scaling SaaS businesses specifically in the tax and accounting sector. Previously, he served as VP of Sales at SurePrep, a notable tax automation solution valued at $500 million upon acquisition by Thomson Reuters. His leadership is expected to guide Qount through the next phase of innovation and market expansion.

Peter Miele emphasized, “The future of accounting hinges upon technologies that empower professionals and transform firm operations.” Qount's advanced AI solutions are crafted to enhance every aspect of firm operations, enabling firms to achieve greater efficiency and allowing accountants to concentrate on higher-value tasks.

Alongside Miele, Greg Pope has been appointed as Qount’s Chief Marketing Officer. With over 25 years of experience, he will focus on enhancing Qount's market presence and customer engagement.

Commitment to Innovation

Olivier Verhage, a Principal at Savant Growth, remarked on the investment, stating, “Our partnership with Qount is a testament to our commitment to supporting founder-led, B2B SaaS companies that leverage AI to induce transformative industry changes. We believe Qount is set to disrupt the accounting and tax market.”

The new investment will also see Rojas, Verhage, and Miele join Qount’s Board of Directors, indicating a strategic alignment for future growth.

About Qount

Qount was founded in 2016 and is based in Plano, Texas. The company develops cloud-based practice management solutions designed for public accounting firms. By integrating various essential tools into a single platform, Qount helps firms enhance efficiency through automated workflows while minimizing errors and focusing on client service.

About Savant Growth

Savant Growth is a private equity firm focused on investing in founder-led, B2B SaaS, and tech-enabled service businesses. With over 30 years of investment experience, Savant employs a data-driven approach to unite talent, companies, and capital, driving transformative results in high-growth markets.

To learn more about Savant Growth, visit: Savant Growth.

investment, AI, accounting