Total amount raised
$48.3 Million
Latest funding date
06/01/2018
Location
Acumatica has successfully raised funding over 5 rounds, with notable investors including Accel-KKR and Runa Capital. The latest funding round was a Series C, led by Accel-KKR.
Keep reading to explore the intricacies of Acumatica's fundraising journey and the investors backing this innovative platform.
What Is Acumatica?
Acumatica, founded in 2008, is a leading provider of cloud-based Enterprise Resource Planning (ERP) systems. Headquartered in Bellevue, Washington, the company specializes in offering business management solutions across various industries, including Cloud Computing, CRM, Developer Tools, Enterprise Software, SaaS, and Software.
With an employee count ranging between 501-1000, Acumatica has been acquired by Vista Equity Partners. The company is known for its exceptional usability, real-time business insights, and flexible deployment options, making it a popular choice for midmarket companies seeking to enhance efficiency and automate workflows.
How Much Funding Has Acumatica Raised?
- Series A
- Amount Raised: Not publicly disclosed
- Date: November 2009
- Lead Investors: Almaz Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
- Series B
- Amount Raised: Not publicly disclosed
- Date: September 2011
- Lead Investors: Visma
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Series C
- Amount Raised: USD 10,000,000
- Date: November 2013
- Lead Investors: Almaz Capital, Runa Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and scale operations.
- Series Unknown
- Amount Raised: USD 13,300,000
- Date: October 2014
- Lead Investors: MYOB
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop a localized, cloud-based ERP product in partnership with MYOB.
- Series C
- Amount Raised: USD 25,000,000
- Date: June 2018
- Lead Investors: Accel-KKR
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and market expansion.
Total Amount Raised: USD 48,300,000. Current Valuation: Not publicly disclosed.
Key Investors
- Accel-KKR
- Details: Accel-KKR is a technology-focused investment firm with a strong track record in the software and IT-enabled services sectors. They participated in Acumatica's Series C funding round.
- Investment Focus Areas: Software, IT-enabled services, technology.
- Notable Investments: Acumatica, Infinisource, HighJump Software.
- Runa Capital
- Details: Runa Capital is a global venture capital firm that invests in early-stage software and cloud companies. They were a key investor in Acumatica's Series C funding round.
- Investment Focus Areas: Cloud computing, SaaS, fintech.
- Notable Investments: Nginx, MariaDB, Zopa.
- MYOB
- Details: MYOB is an Australian software company specializing in business management solutions for small and medium-sized enterprises. They invested in Acumatica during a Series Unknown round.
- Investment Focus Areas: Business management software, cloud-based ERP, accounting software.
- Notable Investments: Acumatica, BankLink, PayGlobal.
- Almaz Capital
- Details: Almaz Capital is a venture capital firm that focuses on early-stage technology companies in the U.S. and Eastern Europe. They have been involved in multiple funding rounds for Acumatica.
- Investment Focus Areas: Enterprise software, cloud computing, IT infrastructure.
- Notable Investments: Acumatica, GridGain, Yandex.
- Visma
- Details: Visma is a leading provider of business software and services in Northern Europe. They participated in Acumatica's Series B funding round.
- Investment Focus Areas: Business software, cloud services, ERP solutions.
- Notable Investments: Acumatica, Tripletex, e-conomic.
What's Next for Acumatica?
Acumatica stands at the cusp of significant growth opportunities, particularly through its collaboration with MYOB to develop a localized, cloud-based ERP product. This partnership, backed by a multi-million dollar agreement, positions Acumatica to expand its technology platform and tap into new markets.
Future fundraising prospects appear promising, given the successful $13.3 million funding round and the strategic alliances formed. These investments could pave the way for further financial backing, enabling Acumatica to scale its operations and enhance its product offerings.
However, challenges such as integrating and localizing their technology for diverse markets and competing with established ERP providers remain. Navigating these hurdles will be crucial for Acumatica as it continues to grow and innovate in the cloud-based ERP space.
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