Ambrook, an AI-native financial management platform for independent businesses, has closed a $30 million Series B funding round to accelerate product development across sectors including agriculture, trucking, construction, and property management. This latest investment brings Ambrook’s total funding raised to date to $59 million.
Lachy Groom led the Series B round, with participation from Thomson Reuters Ventures, Thrive Capital, Field Ventures, and Cameron Ventures. Individual investors Akshay Kothari, co-founder of Notion; Tomer London, co-founder of Gusto; and Guillermo Rauch, chief executive of Vercel, also contributed to the funding.
Since July of last year, Ambrook has seen its customer base grow from approximately 2,500 to over 8,000 businesses across all US states. The platform initially launched in the agriculture sector and has since expanded to support more than 1,000 trucking operators, as well as numerous contractors and property managers. This expansion largely developed organically from existing farming clients who also operate in haulage, property, or contracting.
The Ambrook platform consolidates accounting, payments, and cash management into a single system, specifically designed for owner-operators who manage multiple profit-and-loss statements and asset-heavy balance sheets. It enables owners to monitor profitability using industry-specific terminology, such as bushels harvested or miles driven, whether from an office or a vehicle.
Bank, card, and loan account data automatically integrates with the platform, and payouts are managed through Ambrook Wallet, aiming to eliminate data duplication from disparate systems. Artificial intelligence automates administrative tasks, including itemizing receipts, drafting bills from forwarded correspondence, and recommending transaction categorization. Owners retain final approval over all entries to ensure accuracy and audit readiness.
Beyond financial tracking, the platform links compliance with profitability analysis, allowing owners to evaluate margins across various product lines, sites, or business units. Examples include assessing livestock against feed crops or a single vehicle versus an entire fleet. Categories are automatically mapped to Schedule F and Schedule C filings, streamlining the tax preparation process.
A mobile application provides full functionality, allowing owners to log transactions, photograph receipts, and issue invoices while in the field, on the road, or on site. Close to one-third of Ambrook’s customer base relies on this mobile app as their primary access point each month. Approximately half of Ambrook’s customers are digitizing their finances for the first time, transitioning from traditional paper files or spreadsheets.
This adoption represents a fundamental shift for many owner-operators, establishing a system of record to inform future financial decisions. The new funding will be directed toward further product development across the agriculture, trucking, general contracting, skilled trades, and property management sectors. It will also support the expansion of Ambrook’s artificial intelligence tools and its integrated payments and cash management functions, aiming to automate more routine tasks while maintaining owner control.
Mackenzie Burnett, CEO and co-founder of Ambrook, commented on the funding: “Building a more prosperous and resilient America starts by helping the country’s most vital independent businesses better manage their finances. When business owners have tools built for what they do, they can clearly see their unit economics and understand which next steps will increase their margin. That results in stronger decisions for their families, communities and land.”
Lachy Groom added: “There’s a common assumption in technology that every business has already adopted modern software, but that’s simply not true. Millions of essential businesses across local economies are still offline because current software doesn’t fit their needs. Ambrook has earned the trust to bring these businesses online, creating the financial foundation they’ll build on for years to come.”
