← Embedded Finance Index 2026

Miter

“Can a vertical HCM + embedded payments platform become the operating system for the construction industry?”

Founded2021
HQSan Francisco, California, United States
Total raised$78M
Latest roundSeries B, 2026
IndustryVertical SaaS / Construction

The story

Founded 2021 as a payroll-compliance platform for construction contractors, Miter has expanded into a full HCM + field operations + expense management stack for the construction and field-services vertical. The company's positioning has shifted from 'payroll for contractors' toward 'the financial and operational OS for contractors,' using AI and embedded payments to replace legacy on-premise systems from the 1980s/90s.

Last 12 months

2026-09-30

Raised $40M Series B led by Battery Ventures, with participation from existing investors Bessemer Venture Partners and Coatue, bringing total funding to $78M.

2025-05

Raised $23M Series A1 venture round.

Product timeline

2021

Miter founded in San Francisco to modernize back-office software for construction contractors.· pivot

2023

Launched embedded payroll product powered by Check.· banking

2026

Raised $40M Series B led by Battery Ventures, with participation from existing investors Bessemer Venture Partners and Coatue, to expand HCM, field ops, and expense management.· pivot

The stack

2 layers disclosed in Miter’s embedded-finance stack

Payroll

Check

Accounting

in the full report

Accounting gap: none

7 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Miter — frequently asked

Which payroll provider does Miter use?

Miter's payroll is powered by Check.

Which accounting software does Miter integrate with?

Miter integrates with Sage Intacct, Oracle NetSuite, Acumatica, QuickBooks Online, QuickBooks Desktop, Xero and Procore.

What is Miter's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Miter's stack: Payroll (Check); Accounting (Sage Intacct, Oracle NetSuite, Acumatica, QuickBooks Online and 3 others).

Where is Miter headquartered?

Miter is founded in 2021 and headquartered in San Francisco, California, United States.

How much funding has Miter raised?

Miter has raised $78M in total (latest round: Series B, 2026).

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