Lettuce Financial raises $15 million

Lettuce Financial, a startup offering accounting and tax services for solopreneurs, has closed a $15 million Series A funding round led by Zeev Ventures. The news comes on the heels of Lettuce’s launch and seed funding announcement in March and a “major” product release in June of LettuceHead AI, a free, “first-of-its-kind” AI-chat bot specialized to answer solopreneurs tax and accounting questions.

Founded in 2023 by Ran Harpaz, the former CTO of Hippo, Lettuce offers a variety of services such as setting up a company and bank account, optimizing taxes, and payroll management. Banking services are provided by TransPecos Banks and deposits are FDIC-insured up to $250,000.

Lettuce offers two plans – Lettuce Pro ($299/mo) and Lettuce Premium ($525/mo). The startup states that it will refund the monthly fees if business owners using the platform don’t find tax savings.

Lettuce is also revealing a partnership with Next Insurance.

“Businesses run by solopreneurs represent more than $200 billion in unmanaged, unpredicted, and unoptimized taxes, and although they are key contributors to the economy, solopreneurs have little guidance on how to approach and manage their businesses accounting and taxes. We are democratizing the world of taxes and accounting for solopreneurs and aim to put at least $50 billion back into business growth by helping them navigate the tax system and implement accounting strategies tailored to their business needs.” – Ran Harpaz, founder and CEO of Lettuce Financial.

“Lettuce addresses a major problem and hurdle for solopreneurs. Their proven track record and positive response from this segment show a deep understanding of both the opportunities and challenges that solopreneurs face. I believe in their vision and am confident that this investment will drive their next phase of growth, enabling Lettuce to better serve solopreneurs and strengthen their market position.” – Oren Zeev, Founding Partner of Zeev Ventures.