Document Management

Acumatica Garners $25 Million

Parent Category: ROOT
Thursday, 21 June 2018
Published Date
Written by The Progressive Accountant

Jon Roskill, Acumatica Cloud software company Acumatica has raised $25 million in equity funding. Accel-KKR led the new funding round and will take a seat on the company’s board of directors. An important use of proceeds will be to increase development efforts.

 “This is about growing even faster,” CEO Jon Roskill said this week. He noted the company will increase its work on vertical products. “We are pushing on development. We are going to go fastwe on some of the verticals we have been talking about and then on go to market,” Roskill said. 

Acumatica will also invest in what what he called “significant strategic and planning resources, recruiting and HR.”

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