Embrace Software Raises $100M in Financing
Summary
Embrace Software, Inc. a Tampa, Fla.-based company which acquires and invests in niche vertical-SaaS and on-premise software, received a $100m credit commitment from CoVenture, an asset management firm investing across the capital stack of tech-enabled companies. The funding will allow the company, which previously completed a $20m equity fundraise, bringing total capital raised to-date to $120m, to continue to acquire software companies. Led by Mohan Plakkot, founder and CEO, Embrace seeks out companies in the United States and Canada that provide industry specific solutions within niche vertical market softwares. The company accelerates the existing growth of these companies and invests in their businesses to push them to their real potential. Embrace, which is led by entrepreneurs and enterprise technologists, looks for 100% buyouts or majority owned investments in software companies with revenue in the range of $3 million to $30 million.
Funding
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