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Multiplier Secures $35 Million Series B, Appoints Former Slack CFO Allen Shim as President and CFO
Multiplier, a technology company that acquires niche professional‑services firms and builds AI tools around their workflows, announced a $35 million Series B round on June 8 2026. The round was led by The General Partnership, with participation from Ribbit Capital and Lightspeed Venture Partners.
The funding will support the company’s expansion of its portfolio of accounting and other professional‑services firms and the growth of its technology and operating teams. In the same announcement, Multiplier named Allen Shim, former chief financial officer of Slack, as president and chief financial officer.
Shim’s experience includes steering Slack through its 2019 direct‑stock listing and its 2020 acquisition by Salesforce for $27.7 billion. At Multiplier, he will oversee finance, operations, partnerships, people and the company’s San Francisco office.
Multiplier’s model is to acquire established professional‑services firms that have deep expertise in specific niches and long‑standing client relationships. The firms keep their names, leadership and operating independence, while the professionals who manage client relationships share in the value they help create. Multiplier provides capital, shared infrastructure and a global network, and its team of more than 30 technologists builds AI tools inside the firms to streamline daily operations.
The company’s approach differs from traditional software vendors that sell products to external firms. Because Multiplier owns the firms where the technology is deployed, its teams have direct access to the workflows, data and institutional trust needed to build and implement tools that fit the actual work. This strategy is intended to overcome adoption barriers that have historically limited software use in professional services.
“No AI’s answer is worth zero until a professional puts their name on it,” said Noah Pepper, founder and CEO of Multiplier. “We’re not trying to remove experts from the work. We’re giving firms AI muscle while keeping their human heart, providing them with better tools, more time for judgment, and the capacity to serve more clients without lowering the bar on quality or trust.”
Professional‑services firms have long struggled to scale because growth depends on the time and availability of experienced practitioners. Many operate with fragmented information across documents, financial statements and email. Recent advances in AI make it possible to automate more of that preparatory and administrative work while keeping professionals responsible for the final advice and client relationship.
Anthony Kline, partner at The General Partnership, added, “Accounting is a large, durable market that has long been constrained by expert capacity. Multiplier is not trying to replace the professionals clients trust. It is building technology into the firms themselves so those professionals can serve more clients, respond faster and spend more time on work that requires judgment.”
To date, Multiplier has acquired eight firms, including five in the past year, and has four additional firms under signed term sheets. The network serves clients in more than 10 countries, and founders and leadership teams remain with their firms after acquisition. Firms within the network have begun referring clients and opportunities to one another.
The new capital will be used to acquire additional firms and expand Multiplier’s technology and operating teams. The company’s strategy is to act as a permanent holding company rather than a short‑term acquisition vehicle, focusing on growing firms whose founders want to continue leading their businesses while gaining access to capital, technology, recruiting, operational support and a broader network of expertise.
In the coming months, Multiplier is expected to pursue additional acquisitions and further develop its AI platform. Investors and market observers will watch how the company balances the integration of new firms with the continued independence of existing partners.
The Series B round and the appointment of Allen Shim signal Multiplier’s intent to accelerate its growth trajectory and deepen its footprint in the professional‑services sector, positioning the company to capitalize on the increasing demand for AI‑enabled productivity tools in accounting and related fields.
The funding will support the company’s expansion of its portfolio of accounting and other professional‑services firms and the growth of its technology and operating teams. In the same announcement, Multiplier named Allen Shim, former chief financial officer of Slack, as president and chief financial officer.
Shim’s experience includes steering Slack through its 2019 direct‑stock listing and its 2020 acquisition by Salesforce for $27.7 billion. At Multiplier, he will oversee finance, operations, partnerships, people and the company’s San Francisco office.
Multiplier’s model is to acquire established professional‑services firms that have deep expertise in specific niches and long‑standing client relationships. The firms keep their names, leadership and operating independence, while the professionals who manage client relationships share in the value they help create. Multiplier provides capital, shared infrastructure and a global network, and its team of more than 30 technologists builds AI tools inside the firms to streamline daily operations.
The company’s approach differs from traditional software vendors that sell products to external firms. Because Multiplier owns the firms where the technology is deployed, its teams have direct access to the workflows, data and institutional trust needed to build and implement tools that fit the actual work. This strategy is intended to overcome adoption barriers that have historically limited software use in professional services.
“No AI’s answer is worth zero until a professional puts their name on it,” said Noah Pepper, founder and CEO of Multiplier. “We’re not trying to remove experts from the work. We’re giving firms AI muscle while keeping their human heart, providing them with better tools, more time for judgment, and the capacity to serve more clients without lowering the bar on quality or trust.”
Professional‑services firms have long struggled to scale because growth depends on the time and availability of experienced practitioners. Many operate with fragmented information across documents, financial statements and email. Recent advances in AI make it possible to automate more of that preparatory and administrative work while keeping professionals responsible for the final advice and client relationship.
Anthony Kline, partner at The General Partnership, added, “Accounting is a large, durable market that has long been constrained by expert capacity. Multiplier is not trying to replace the professionals clients trust. It is building technology into the firms themselves so those professionals can serve more clients, respond faster and spend more time on work that requires judgment.”
To date, Multiplier has acquired eight firms, including five in the past year, and has four additional firms under signed term sheets. The network serves clients in more than 10 countries, and founders and leadership teams remain with their firms after acquisition. Firms within the network have begun referring clients and opportunities to one another.
The new capital will be used to acquire additional firms and expand Multiplier’s technology and operating teams. The company’s strategy is to act as a permanent holding company rather than a short‑term acquisition vehicle, focusing on growing firms whose founders want to continue leading their businesses while gaining access to capital, technology, recruiting, operational support and a broader network of expertise.
In the coming months, Multiplier is expected to pursue additional acquisitions and further develop its AI platform. Investors and market observers will watch how the company balances the integration of new firms with the continued independence of existing partners.
The Series B round and the appointment of Allen Shim signal Multiplier’s intent to accelerate its growth trajectory and deepen its footprint in the professional‑services sector, positioning the company to capitalize on the increasing demand for AI‑enabled productivity tools in accounting and related fields.
