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Page 1Multiplier Raises $35 Million Series B to Build a New Model for Professional ServicesCompany announcementExcerpt
Multiplier · Business Wire / company release
Announces a $35 million Series B led by The General Partnership and Allen Shim joining as president/CFO. Describes a permanent holdco with embedded technologists.
Emil Fröberg · Emil Fröberg
Argues for owning distribution while acknowledging the difficulty of combining software development with acquisition integration.
Announced June 18, 2025, from Singapore. Multiplier Holdings publicly launched with $27.5 million in seed and Series A funding. The Series A was led by Lightspeed Venture Partners, with Ribbit Capital, which had led the seed, plus EDBI and SV Angel participating. The model is to acquire specialized professional services firms — tax and accounting practices in particular — and integrate custom AI automation, using an in-house library of AI and workflow components configured to each acquired firm. Multiplier states that portfolio firms keep operational independence while incentives are aligned across Multiplier leadership, firm leaders, and staff, producing what it calls hybrid technology firms. The release cited a global professional services market above $6 trillion and a forecast 11.2 percent CAGR in tax advisory services. Noah Pepper is chief executive. Multiplier subsequently raised a $35 million Series B led by The General Partnership in August 2026, with Ribbit and Lightspeed participating, and hired former Slack CFO Allen Shim as president and CFO.