Paraglide secures £3.6m seed funding led by Bessemer Venture Partners and DN Capital to expand its accounts receivable automation platform.
The seed round was co-led by Bessemer Venture Partners and DN Capital to support European expansion.
Paraglide provides an agentic artificial intelligence product designed to automate accounts receivable and manage end-to-end billing conversations for corporate finance teams.
Paraglide has secured £3.6m in seed funding to expand its operations across Europe and scale its artificial intelligence platform. The investment round was co-led by Bessemer Venture Partners and DN Capital, alongside participation from Born Capital and The Nordic Web Ventures. The company deploys autonomous agents to handle billing enquiries and reduce days sales outstanding for mid-market and enterprise clients.
From the founder
"As a former CFO, I’ve seen finance teams drowning in billing queries and tirelessly chasing invoices with reminders that customers ignore. AI agents have already transformed customer support by automating high-volume, conversational work. That same shift is now coming to accounts receivable, where agents can handle billing conversations end to end and help businesses get paid on time."
Rasmus Areskoug
Co-founder and CEO at Paraglide
Investor perspective
"There’s a saying in business that cash is king, and if that’s the case then Paraglide’s ability to free up cash flow makes them an AI king maker for finance teams. Accounts receivable is an obvious area where generative AI can drive massive efficiencies. Paraglide’s AI agent helps reduce DSOs and free the finance team up to work on more valuable, higher-level strategic projects."
Alex Ferrara
Bessemer Venture Partners
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Alex Ferrara
Bessemer Venture Partners
Thomas Rubens
DN Capital
Born Capital
The Nordic Web Ventures