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Tod McDonald
CPA, CIRA, Founder at Valid8 Forensic Accounting Software
Tod McDonald is the Founder and General Manager of Investigations at Valid8 Financial, a company he co-founded in 2016.13 He is a Certified Public Accountant (CPA) and Certified Insolvency and Restructuring Advisor (CIRA) with extensive experience in finance, operations, and strategic leadership.1
McDonald's career journey includes:
- Early career as an auditor at Ernst & Young1
- Various financial roles, including Director of Finance at Captura Software and Corporate Controller at Activate
- Investment banking and corporate restructuring experience at Cascade Capital Group3
- Chief Operating Officer and Chief Financial Officer at Global Baristas3
- CFO at Koru, Inc3
The inspiration for Valid8 Financial came from McDonald's involvement in a complex bankruptcy case that uncovered the largest Ponzi scheme in the Northwest US.2 This experience led him to develop a Verified Financial Intelligence (VFI) software platform to expedite financial investigations and improve the quality of rendering professional opinions on complex financial cases.12
McDonald holds a Bachelor's degree in Business Administration/Accounting from the University of Washington's Michael G. Foster School of Business. He is also actively involved in community service, serving as a Board Member and Immediate Past President of The Mountains to Sound Greenway Trust.3
Highlights
I'm thrilled to share that @Valid8 Financial has raised $8.5 million in Series A funding.
For too long, accountants, legal professionals and investigators have relied on archaic, labor-intensive processes to investigate complex financial cases and white-collar crime. Valid8’s AI-powered platform empowers professionals to analyze every financial transaction in just hours, eliminate sample risk, and create courtroom-ready evidence.
This funding round allows us to invest in research and development and go-to-market strategy to continue to build a more robust product that solves the challenges of untangling complex financial transactions for fraud investigations and litigation.
Thank you to our lead investor Silverton Partners, as well as Touchdown Ventures, First Trust, CPA.com and Capital Midwest Fund.
A staggering case of accounting fraud in Germany and a good example of the need for modern tools/software/techniques for the audit profession.
More large scale fraud headlines will be forthcoming over the summer.
"It’s only when the tide goes out that you learn who has been swimming naked." -Warren Buffett
The tide is out.
