LeaseQuery Announces $40 Million in Series A Funding
Summary
ATLANTA--(BUSINESS WIRE)--LeaseQuery, one of the largest providers of purpose-built lease accounting software, today announced that Goldman Sachs’ Merchant Banking Division has invested $40 million in the company through Series A funding. “We’re thrilled to have Goldman Sachs’ investment as we continue to grow and expand our offerings to support accountants.” The new lease accounting rules are adding trillions to the balance sheets of companies across every industry, and the challenges of implementing the rules mean that getting it right is an imperative both for accountants and businesses, and also for continued confidence in the capital markets. “With nearly 1,000 customers, LeaseQuery is the leader in the lease accounting market,” said John Giannuzzi, Vice President with Goldman Sachs’ Merchant Banking Division. “LeaseQuery is a tested, dedicated lease accounting solution built by accountants, and the company’s combination of customer insight, differentiated technology and accelerated growth is unique and exciting.” “LeaseQuery has found a way to deliver easy-to-use solutions to their clients’ complex problems,” said Stephanie Cohen, Goldman Sachs’ chief strategy officer who founded Launch With GS, an investment strategy that aims to narrow investing gaps by directing capital and opportunities toward diverse management teams. By providing specialized consulting services in addition to its software solution, LeaseQuery enables companies across all sectors to ensure compliance with the most comprehensive regulatory reform in 40 years.
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