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

Feb 04, 2025 - financialpost.com
Qount, a developer of AI-powered practice management software for public accounting firms, has secured a $17 million investment led by Savant Growth, with additional funding from Kennet Partners and the new leadership team. This investment aims to accelerate Qount's growth and enhance its AI capabilities to automate practice management and service delivery workflows. The platform integrates various tools such as CRM, onboarding, collaboration, document management, and billing into a single solution, enabling accounting firms to optimize operations and focus on higher-value tasks. Peter Miele, formerly of SurePrep, has been appointed as CEO to lead Qount's next phase of innovation and market expansion.

Savant Growth, a private equity firm specializing in B2B SaaS companies, supports Qount's mission to transform the accounting and tax sector through AI-driven solutions. The investment aligns with Savant Growth's strategy of partnering with founder-led companies to drive transformative change. As part of the investment, key figures from Savant Growth, including Managing Partner Javier Rojas and Principal Olivier Verhage, along with CEO Peter Miele, will join Qount's Board of Directors. Founded in 2016 and headquartered in Plano, Texas, Qount aims to standardize processes and minimize errors for public accounting firms through its comprehensive software platform.

Key takeaways:

  • Savant Growth and Kennet Partners have invested $17 million in Qount to accelerate AI-driven solutions for tax and accounting practice management.
  • Qount's platform integrates CRM, onboarding, collaboration, document management, and more into one solution, enhancing efficiency with automated workflows.
  • Peter Miele has been appointed as CEO of Qount, bringing extensive experience in growing SaaS businesses in the tax and accounting space.
  • Qount aims to disrupt the accounting and tax sector by leveraging AI to transform how firms operate, adapt, and grow.
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