Accela, Inc., a San Ramon, Calif.-based provider of civic engagement solutions for government agencies, closed $40m in funding.
The round was led by Bregal Sagemount, with participation from existing investors. In conjunction with the funding, Daniel Kim and Blair Greenberg of Bregal Sagemount joined Accela’s board of directors.
The company intends to use the funds to accelerate growth and make strategic acquisitions.
Led by Maury Blackman, president and CEO, Accela provides large and small public agencies worldwide with a cloud and mobile solution (the Accela Civic Platform) to streamline and manage core processes and to improve community services related to land management, licensing, asset management, and public health and safety.
The company, which has a portfolio of over 500 customers from enterprise agencies in jurisdictions such as New York City; San Francisco; Washington, D.C.; Melbourne, Australia; and the Emirate of Abu Dhabi to smaller jurisdictions including Nogales, Ariz.; Roseville, Calif.; and Westminster, Colo., has international offices in Australia and the United Arab Emirates.