The new round, which brings total capital raised to $33 million, will go toward significant product enhancements and the rollout of a new product. Ian Crosby, the CEO and co-founder of Bench, and a member of the Forbes 30 under 30, said, "We offer entrepreneurs a better way to solve a universal problem. We are hitting a disruptive price point and executing well in a space that is ripe for change." The low price point for Bench's services can be attributed to its efficient backend. Since 2012, Bench has made significant strides in its multi-year journey toward fully automating the job of a bookkeeper.

http://www.benzinga.com/pressreleases/16/05/p7919830/bench-raises-16-million-series-b-round-led-by-bain-capital-ventures