What is Acumatica?
Acumatica specializes in delivering cloud-based Enterprise Resource Planning (ERP) solutions tailored for small to medium-sized businesses (SMBs). Their browser-based software offers flexibility in deployment, licensing, and customization, covering critical business functions such as financials, project accounting, and customer relationship management. The company aims to empower businesses to enhance operational efficiency and maintain a competitive edge through its adaptable and integrated platform.
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 that invests in deep tech and software, with a history of backing successful companies in Europe and North America. Their portfolio includes investments in cloud infrastructure and business solutions.
Almaz Capital
Almaz Capital is a venture capital firm focused on investing in technology companies, providing financial support and strategic guidance to entrepreneurs in innovation and sustainability, operating across the United States and Europe.
Visma
Visma is a leading provider of mission-critical business software for small and medium-sized businesses and the public sector, specializing in simplifying and automating workflows through digitalization and AI.
What's next for Acumatica?
The recent major strategic investment signifies Acumatica's readiness for its next phase of growth, likely focusing on scaling its operations, expanding its market reach, and enhancing its product suite. This capital will enable the company to further innovate in the cloud ERP space, potentially exploring new technologies and integrations to meet evolving business demands. Acumatica's strategic backing positions it for continued development and increased market share.
See full Acumatica company page
