After bootstrapping for 8 years, accounting startup Dougs raises $27 million

Dougs, a French accounting startup, has been around since 2015. It already generates $16.4 million (€15 million) in annual recurring revenue. And it’s a bootstrapped company, meaning that it hasn’t opened its capital and raised any funding from VC firms. But now, the company has decided to raise its first founding round.
Dougs raised $27 million (€25 million) from Expedition Growth Capital, a British VC firm that is looking for investment opportunities in bootstrapped companies that have reached a certain level of maturity. And Dougs seems to fit the bill quite well as the company has 14,000 c

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