Centage Secures $9.5M in Series A Funding
Summary
Centage Corporation, a Natick, MA-based provider of budgeting and forecasting software for small and medium sized businesses, secured $9.5m in Series A funding.In conjunction with the funding, Jeb Spencer of TVC Capital and Jared Stone of Northgate will join the company’s board of directors.The company intends to use the funds to expand its product offering to include a cloud-based solution and increase marketing efforts both domestically and internationally.It features financial and business logic that allow users to build and update their budgets and forecasts with no formulas, functions, links or custom programming.Budget Maestro also offers synchronized P&L, Balance Sheet, and Cash Flow reporting that generate automatically update.
Funding
Amount
$9.5M
Total raised
Date
September 24, 2014
Announcement date
Investors
TVC Capital LLC, Centage, Northgate Capital
Lead investors
Company
http://www.centage.com
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Software
FP&A Software
Budgeting and Forecasting Software
Linked Companies
Centage
$10M to $25M