AuditFile, Started At UCLA, Raises $3M For Auditing Software

AuditFile, a developer of cloud-based auditing software for CPAs, has raised $3M in a funding round, the company said Thursday. The company was founded by Kevin Bong, who started the company in his dorm room at UCLA as a senior. According to the company, his brother, Steven Bong, convinced him to turn down job offers and move back home to the Bay Area to work on the company full time. The funding came from Banneker Ventures, Tim Draper, Nas Draper, as well as other angel investors. The company now has its headquarters in San Francisco. Kevin--now COO--studied computer science and accounting at UCLA. More information »