Intacct Raises $45M in VC and Debt Financing

Funding Rounds

▤ Summary

Intacct, a San Jose, California-based provider of cloud financial management and accounting software, raised an additional $45m in venture and debt financing.In conjunction with the funding, Chelsea Stoner, a general partner at Battery Ventures, joined Intacct’s Board of Directors.A $15m debt financing was provided by Silicon Valley Bank.The company intends to use the funds to further grow and expand product capabilities.They are sold via CPA firms and Value Added Resellers and are in use by more than 7,300 organizations from startups to public companies.

$ Funding

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Amount $45.0M Total raised
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Date February 18, 2014 Announcement date
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Investors - Lead investors
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Company http://www.intacct.com Funded company

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Accounting and Taxes

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