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Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays
Friday, December 27, was supposed to be the start of a relaxing holiday weekend. But it was chaos for thousands of small business owners who use Bench, an
But it was chaos for thousands of small business owners who use Bench, an accounting and tax startup based in Canada that raised $113 million from investors like Bain Capital Ventures and Shopify. The move was so sudden that one customer who kept years of data on Bench’s website, and was even featured on its front page before it went offline, learned of the shutdown only when TechCrunch called him for a reaction. In response, Employer.com’s Chief Marketing Officer, Matt Charney, told TechCrunch that “while the deal happened quickly,” it involved “multiple legal firms” and Employer.com feels “very very comfortable” with Bench’s reputation and track record.
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