Kickstart Fund, a well-known early-stage venture financing firm, is supporting Chargezoom's strategic entry into Utah's booming tech scene.

Motley Fool Ventures, Early Light Ventures, Frazier VC, and Adly are among the new investors in this round. SaaS Venture Capital, Stout Street Capital, and Okapi Venture Capital are still involved.

By using AI and machine learning to manage cash flow, payments, and invoicing, Chargezoom streamlines accounts receivable (AR) procedures for companies. Its platform streamlines operations and improves financial health by doing away with manual labor, freeing up enterprises to concentrate on expansion.

The firm plans to further improve its platform capabilities and accelerate its quick development with the help of the new funding.

Since its $2 million Seed round in July 2021, which established the framework for its platform, Chargezoom has experienced significant growth. Since then, the company has recorded an outstanding growth rate of 3,972%, which it attributes to the growing demand from U.S. enterprises for automated AR solutions.

Matt Dubois, the founder and CEO of Chargezoom, stated, "We are excited to be establishing Chargezoom in Utah." In addition to providing vital resources and validating our vision, Alex Soffe and the Kickstart team are an unrivaled strategic partner.

Kickstart Fund's Alex Soffe continued, "Chargezoom is using AI and machine learning to address important payment-related issues that we're not seeing elsewhere. We are thrilled to help them in their endeavor to automate augmented reality for expanding companies.