Fragment raises $12M Series A for AI agent accounting tools

Fragment, a New York startup founded by Thomas Neckel and Varun Mohan, raised a $12 million Series A to build software that lets AI agents safely handle billing and accounting. The round closed in mid-2025 and was co-led by FirstMark and BoxGroup. It follows an $11 million seed round led by Stripe, with BoxGroup and executives including Uber CEO Dara Khosrowshahi and Plaid CEO Zach Perret participating. Neckel declined to disclose the valuation. Fragment says it has roughly 50 to 60 paying customers, including Ramp, BILL and Whop.

AI-generated from reports · 4 days agoUpdate