Israeli AI Startup Zeitgold Raises $11.97M

September 13, 2017 | Zeitgold, an Israeli AI company based in Berlin, just raised $11.97m in Series A funding. The company offers a solution for small businesses who want to save time managing their finances. Zeitgold’s end-to-end solution allows cafes, restaurants, and other small businesses to manage bookkeeping, payroll, invoices, and more through coordination with a tax adviser on a smartphone. The funds will be invested in a new Tel Aviv-based R&D facility as well as testing new products with customers. Zeitgold was founded in 2015 by Stefan Jeschonnek, Jan Deepen, and Kobi Eldar.