What is Acumatica?
Acumatica offers a robust suite of cloud ERP applications designed to empower small to medium-sized businesses (SMBs) to maintain a competitive edge. Its browser-based software provides extensive flexibility in deployment, licensing, integration, customization, and core financial and project accounting functions. Headquartered in Kirkland, Washington, Acumatica addresses the critical need for agile and scalable business management tools in today's dynamic market.
How much funding has Acumatica raised?
Acumatica has raised a total of $48.3M across 3 funding rounds:
Series C
$10M
Private Equity
$13.3M
Private Equity
$25M
Series C (2013): $10M with participation from Runa Capital and Almaz Capital
Private Equity (2014): $13.3M led by Visma, Runa Capital, MYOB, and Almaz Capital
Private Equity (2018): $25M supported by Accel-KKR
Key Investors in Acumatica
Runa Capital
Runa Capital is an international venture capital firm specializing in deep tech and software investments, with a history of backing successful companies across Europe and North America.
Almaz Capital
Almaz Capital is a venture capital firm focused on technology companies, providing financial support and strategic guidance to startups and growth-stage businesses in the US and Europe.
Visma
Visma is a leading provider of business software for SMBs and the public sector, focused on simplifying and automating workflows through digitalization and AI.
What's next for Acumatica?
The substantial enterprise-level backing Acumatica has received, particularly the recent strategic investment, positions the company for accelerated growth and market penetration. This capital will likely be directed towards enhancing its cloud ERP platform, expanding its feature set to incorporate advanced analytics and AI capabilities, and broadening its global reach. The company's focus on providing adaptable solutions for SMBs suggests a strategy aimed at capturing a larger share of the digital transformation market, with potential for further strategic partnerships or acquisitions to bolster its ecosystem.
See full Acumatica company page
