Steve Ryan, the leader of Pillsbury’s Emerging Companies & Venture Capital practice, advised Pivot Investment Partners, a late stage venture and growth equity investment firm, on co-leading a $12 million pre-Series B funding round for Docyt, a provider of AI-powered accounting automation. The round also included participation from existing investors.

The funding round follows the launch of Docyt High Precision Accounting Intelligence and is expected to support the expansion of the company’s AI solutions across accounting firms and multi-entity businesses.

To learn more about the transaction, click here.