At the end of 2022, a former strip business lead Noah paper for the Asia -Pacific region founded the multipler, which aims to sell software to tax accounts. But immediately of the release of the chatigpt. Later, it happened with the AI ​​can change how professional service firms use technology.
He told Tech Crunch, “I realized that I was barking the wrong tree by trying to make a mother -in -law, and instead I should find out how to make these people more effective.”
Startup obtained Sitarine International Tax, which is a shop provider from cross -border tax accounting services, and increased the firm with the capabilities of the AI ​​built by Multipur.
It quickly became clear that the strategy was working. By eliminating the manual work, Multipler’s AI Tolls helped Siterine double double the margin of its profit. Therefore, the paper has decided that instead of creating software for accounting firms, the multi -pluer will get the current professional services business and develop their clothing with its AI solution.
Today, the multipler, now known as Multi -Player Holdings, is announcing that it has raised a total of $ 27.5 million in seeds and series A financing. Light -speed venture partners led a fund round for startups, led by Rabat Capital, with the participation of SV angel.
Multipller is part of a growing trend: acquiring the current service business and scaling them with AI. The PE Style Roll -up strategy has recently gained popularity among the VCS, which supports investors like General Catalists, Eld Gul, Flower Flowers, and Khosla Ventures who develop AI solutions and integrate them into current people -based companies.
“Unless the AI ​​was present, none of them was possible,” said Light Speed ​​colleague Justin Overforf. In addition to the multipler, the lights speed have also invested three other yet announced AI -powered roll -up companies.
Overforf believes that this strategy is the most efficient when startups buy small companies as they are more open to change their current process. “If you go to an accounting firm that has 200 accountants, it is unlikely that (high) rates should be adopted.”
Before purchasing by a multipler, theatrical was a tax company of two people. Overtov said that the multi -puller not only helped to increase its margin but also helped to grow to theators.
The purpose of the multipler is to advance the Big Four accounting firms to offer personal tax compliance to make AI -powered competitors.
The paper said that the multipler is looking for the purchase of advanced income service companies that are manufactured by people who are excited to connect and customize the AI ​​to take their business to the next level.
The paper said, “This is like a little venture style business where you want to bet on the leader you think is amazing in their category.”