What is MetraTech?
MetraTech Corp operates within the Accounting Services industry, headquartered in Waltham, Massachusetts. Employing between 50 to 99 individuals and generating revenue between $1M to $5M, the company is focused on providing essential financial solutions. Its sustained access to capital over multiple funding rounds suggests a robust business model and a strong market position, enabling it to navigate the competitive landscape of financial technology and services.
How much funding has MetraTech raised?
MetraTech has raised a total of $66.6M across 4 funding rounds:
Series A
$6.1M
Series B
$23M
Series C
$7.5M
Other Financing Round
$30M
Series A (1998): $6.1M with participation from St. Paul Venture Capital, Accel, and Bessemer Venture Partners
Series B (2000): $23M led by Bessemer Venture Partners, Accel, St. Paul Venture Capital, Lucent Venture Partners, Vesbridge partners, and Meritech
Series C (2004): $7.5M supported by Meritech, Accel Partners, and Vesbridge Partners
Other Financing Round (2012): $30M featuring Meritech, Accel Partners, and Vesbridge Partners
Key Investors in MetraTech
St. Paul Venture Capital
St. Paul Venture Capital is an investment firm that has participated in MetraTech's funding rounds. Their involvement suggests a focus on companies with established growth potential.
Accel
Accel Inc. is a contract packaging company; their investment in MetraTech may indicate a strategic interest in the operational or supply chain aspects of the accounting services industry or a diversified investment portfolio.
Bessemer Venture Partners
Bessemer Venture Partners, a long-standing venture capital firm established in 1911, has backed MetraTech. Their participation highlights MetraTech's appeal to established venture capital entities focused on long-term growth.
What's next for MetraTech?
The substantial enterprise-level funding MetraTech has attracted, particularly the recent strategic investment, signals a pivotal moment for the company. This capital infusion is likely to fuel further product development, market penetration, and operational scaling. As MetraTech moves forward, it is poised to leverage this financial backing to enhance its service offerings, expand its client base, and solidify its standing as a key player in the accounting services domain. The company's history of securing significant financing from prominent venture capital firms indicates a strong foundation for future innovation and growth.
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