Acumatica, a Cloud ERP provider, raises $13 million
Acumatica, a Runa Capital portfolio company, Raises Over $13 Million in New Funding Round
The fast-growing Cloud ERP provider closes latest round of funding with an infusion of $13.3 million, fueling new plans for growth and expansion.
Acumatica, provider of cloud accounting software, today announced that the company has raised $13.3 million in a new funding round, led by investment from Australian accounting software powerhouse MYOB, an Acumatica strategic OEM partner.
This new funding, together with previous amounts raised in rounds led by Runa Capital and Almaz Capital, and Oslo-based Visma, another Acumatica OEM partner, brings total funding well in excess of $30 million.
“This investment validates the market acceptance of the Acumatica solution,” said CEO Jon Roskill. “The investment will allow us to implement aggressive growth plans in three areas: Broadening our product line; accelerating the expansion and enablement of our partner ecosystem; and upsizing our brand in a big way.”