Nagaris raises $872K seed as AI-native firm BPAG's partners back it
What's the deal? NagarisDealroom has a profile for this one. Try Dealroom →, a practice platform for Australian accounting firms, has raised US$815.3K in seed funding. The investors include the partners of five practices that merged to form BPAG AccountantsDealroom has a profile for this one. Try Dealroom →, along with other accounting firms, private investors, and Nagaris' founder. Best Practice Group facilitated the raise, which closed in August 2026 in ordinary shares.
What's the endgame? The money is going into product development. BPAG serves as proof the product works: five firms across Sydney, Melbourne, the Canberra region, and Adelaide merged into one practice with four offices and thousands of clients, all running on Nagaris.
How it works: More than 80 specialist skills in the platform's assistant, Ask Nagaris, draft routine work such as BAS workpapers, Division 7A calculations, research notes, and client letters. A BAS that once took more than 90 minutes to prepare can take as little as 10 minutes to review, because Nagaris builds the workpaper from the client's Xero file. A qualified accountant signs off every piece, and nothing reaches a client or the ATO without approval.
In one two-week period, 54 of BPAG's people used Ask Nagaris nearly 2,000 times. Beyond BPAG, 50 other accounting firms use the platform.
Why now? Australian accounting firms are shifting from testing AI to planning broader use. A 2026 survey of 434 professionals found firms expect AI to take on higher-stakes work, especially transaction coding, reconciliations, and workflow automation.
What could go wrong? The seed is modest, and its significance hinges on whether the AI-native firm model proves commercially scalable. MYOB has modelled a potential US$3.11B annual revenue uplift for the small accounting sector over five years if practices widely adopt automation, but that is a scenario estimate, not a realised gain.
The signal: By backing an AI-native firm through BPAG's partners, Nagaris ties its software to a live service business. "Plenty of people are describing what an AI-native accounting firm might look like. BPAG is one," said founder Robert Coorey. The bet is that owning both the tool and the proof point will carry more weight than software alone.
Read more: prlog.org
Image credit: Matt Moloney
