San Francisco, CA, and Plano, TX - February 4, 2025
Kennet Partners and Qount, a developer of AI-powered practice management software solutions for public accounting firms, today announced a new investment. The $17 million round was led by Kennet with a sizable co-investment from the new leadership team. The funding round will accelerate Qount’s growth and its investments in AI to continue automating practice management and service delivery workflows.
Qount's cloud-based, AI-driven platform is a critical practice management solution, empowering accountants, tax professionals, auditors, and bookkeepers to streamline operations. Qount combines tools traditionally only available separately into one holistic solution that includes CRM, onboarding, internal and client collaboration, document management, tasks, workflows, e-signatures, payments and billing, project tracking, and more. “Qount’s comprehensive suite delivers a must-have, high ROI by providing complete visibility to optimize how accounting firms are managed and to automate their service delivery workflows with AI,” said Javier Rojas, Managing Director at Kennet.
Kennet partnered with Qount Founders, Uday Koorella and Phani Ilapakurty, to not only develop the company’s applied AI go-to-market strategy but also in assembling a C-level leadership team with an excellent pedigree. Peter Miele has been appointed as CEO of Qount. He brings two decades of experience growing & scaling a SaaS business in tax and accounting space. Peter was the VP of Sales at SurePrep, which is a leading tax automation software & services solution valued at $500M when it was acquired by Thomson Reuters. Pete is poised to lead Qount into its next phase of innovation and market expansion, driving operational excellence, accelerating growth, and delivering exceptional value to clients.
“The future of accounting is about technology that empowers professionals and transforms how firms operate, adapt, and grow,” said Peter Miele, Qount CEO. Qount’s comprehensive, sentiment-driven AI solution is designed to enhance every aspect of a firm’s operations. By automating digital work units and optimizing core processes, Qount enables accounting firms to achieve unprecedented efficiency, while empowering accountants to focus on higher-value work. Greg Pope, former SurePrep Vice President of Marketing has been named Qount CMO. With over 25 years of experience in the tax and accounting industry, Greg’s leadership in digital marketing, brand development, and customer engagement will be instrumental in enhancing Qount's position as best-of-breed in the industry.
“Our investment in Qount aligns with Kennet’s commitment to partnering with founder-led, B2B SaaS companies that leverage AI to drive transformative change across industries. Qount is uniquely poised to disrupt the accounting and tax sector, solidifying the company’s market leadership,” Olivier Verhage, Principal of Kennet added.
As part of the investment, Javier Rojas, Managing Director and Olivier Verhage, Principal of Kennet; and new CEO of Qount, Peter Miele, will join the company’s Board of Directors.
About Qount
Founded in 2016 and headquartered in Plano, TX, Qount provides cloud-based practice management software designed for public accounting firms. Qount integrates CRM, onboarding, collaboration, document management, and more into one platform, enhancing efficiency with automated workflows. This all-in-one solution allows firms to standardize processes, minimize errors, and focus on helping clients.