Accounting software start-up Practice Ignition raises $5m from Right Click and Microequities

Ive seen accounting vendors waste a lot of money doing that," he said "We wanted to ensure we wouldnt face any problems in overseas markets or realise too late that Australia was just an island with 24 million people; Im not trying to hate on anyone but you need global online infrastructure from a ledger point of view to win the global race. Microequities Venture Fund co-founder Howard Leibman said it was the global reach of Practice Ignitions product that appealed to the firm. "The product addresses a truly global market opportunity and, with a customer base already spanning some 20 countries, the team has clearly demonstrated its ability to scale activities well beyond Australia," he said. Right Click Capital founder Benjamin Chong said the fund had been monitoring the progress of Practice Ignition and, like Mr Leibman, believed it was its international reach that made it stand out as an investment opportunity. "Smart firms will realise they need to start taking the same advice as theyve been giving to their clients these past few years."