Bill.com on Tuesday announced it has bagged $8.5 million in funding from investors.

Palo Alto, California, Bill.com provides online-delivered bill management and payment to accounting firms and small businesses. The investment brings its total funding to $17 million.

August Capital led the funding round and was joined by DCM and Emergence Capital. Under the deal, August Capital general partner David Hornik will join Bill.com’s board of directors.

Bill.com founder and CEO Rene Lacerte previously founded PayCycle, also backed by August Capital, which sold to Intuit last month for $170 million.

“In particular, I look forward to continuing my work with David Hornik, who backed me at PayCycle nine years ago,” Mr. Lacerte said in a statement.