New Investment Fuels Qount’s AI-Powered Solutions to Streamline Tax and Accounting Practice Management

Savant Growth, a data-driven private equity firm for capital-efficient B2B SaaS companies, and Qount, a developer of AI-powered practice management software solutions for public accounting firms, announced a new investment. The $17 million round was led by Savant Growth, with funding from its investment partner, Kennet Partners 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.

Savant Growth is a private equity firm that focuses on investing in bootstrapped, founder-led B2B SaaS and tech-enabled services businesses. Leveraging over 30 years of investment experience, the firm adopts a data-driven, entrepreneurial approach to unite talent, companies, and capital, resulting in transformative outcomes within large, high-growth markets. The firm’s investment thesis revolves around the digitization of workstreams by blending SaaS, data, content, predictive analytics, and AI to automate both blue and white-collar work.