Lockstep, has announce expansion of their leadership team with the hires of Rosalyn Curato and Preethi Pragash. The news comes just weeks after the Seattle-based accounting platform closed its $10 million Series A led by Point72 Ventures with participation from Clocktower Ventures, Avid Ventures, and Revel Partners.
New-lockstep-personnel
“We are thrilled to add Rosalyn and Preethi’s deep experience in finance to our quickly growing team,” said Peter Horadan, Lockstep CEO. “Both of these roles are critical to our mission of helping the world’s accounting teams work better together. Rosalyn and Preethi are terrific talents and I couldn’t be happier to have them join the team.”
Rosalyn joins Lockstep as the company’s EVP of Customer Success. With more than 16 years of experience in the financial services industry, Rosalyn most recently served as Chief Customer Officer at Allovue, an education resource-planning platform for K-12 schools and districts, and as a Vice President at Citigroup prior to that.
“The onset of COVID-19 and its subsequent impact to businesses shed light on the importance of optimal cash-management processes,” said Rosalyn. “I am looking forward to using my experience in corporate finance and customer success to design a customer experience that is uniquely tailored to the needs of finance departments.”
Preethi Pragash joins the team as the VP of Finance. Preethi has over 15 years of experience leading finance for SaaS companies. Preethi is a Certified Public Accountant and previously served as the VP of Finance at Figure Eight, which combines human and machine intelligence to solve data problems for global companies. Prior to her time at Figure Eight, Preethi worked at Jigsaw data corporation which was acquired by Salesforce in 2010.
“My experience working in subscription-based, business-to-business SaaS companies has been instrumental in preparing me for my new role,” said Preethi. “What I am most excited about is the ability to directly help the product teams understand how the product is used so that it can truly shine for our customers.”
“We have been deeply impressed by the Lockstep executive team and their clear, methodical thinking and approach from our very first meeting,” said Addie Lerner, Founder and Managing Partner of Avid Ventures, an investor in Lockstep’s Series A financing. “We fully see and believe in the team’s vision for building a connected accounting ecosystem, and we appreciate the team’s deep expertise in building and running large-scale organizations and companies. We look forward to continuing to support Lockstep as they bring on new and exciting talent.”
Founded in 2019, Lockstep helps more than 190 customers process over one million invoices per month with over 4 million entities. Lockstep integrates over 40 ERP and accounting solutions into its connected accounting cloud. For more information on Lockstep please visit: https://lockstep.io
About Lockstep:
Lockstep connects the world's accounts receivable (AR) and accounts payable (AP) departments so they can work better together. Founded in 2019, Lockstep eliminates cash traps and leaks created from manual synchronization of books between B2B trading partners. Based in Seattle, Lockstep’s connected accounting cloud empowers trusted, compliant accounting relationships between businesses of all sizes.
About Avid Ventures:
Avid Ventures is a venture capital firm with $80M AUM that invests in transformative early-stage fintech, consumer internet, and software companies across North America, Europe, and Israel. The firm’s initial investments include Nova Credit, Alloy, Staircase, The Wing, Nava, Lockstep, and Rapyd. Avid believes that investing in a founder’s startup is “a privilege to be earned,” and strives to develop long-term relationships and demonstrate value-add well ahead of investing. Pursuing a collaborative investment strategy, Avid intentionally avoids strict ownership targets and can be flexible around check size. Avid takes a hands-on approach to company building and serves as an extension of portfolio companies’ teams, specifically as a strategic finance advisor, ultimately enabling founders to accelerate their trajectory as they grow their early-stage startups into proven growth businesses.