Accela Closes $143.5M in Financing

Accela_Logo_RGBAccela, a San Ramon, California-based provider of civic engagement solutions for government, closed $143.5m in new financing.

The round was led by ABRY Partners with participation from Landmark Partners, J.P. Morgan Private Equity and Karlani Capital.┬áIn conjunction with the funding, Tyler Wick of ABRY Partners joined Accela’s board.

The company intends to use the funds to expand the capabilities of the platform and scale sales efforts worldwide.

Led by Maury Blackman, President and CEO, Accela cloud-based provides a civic platform that allows governments with tools for land management, asset management, licensing and case management, legislative management etc., to interact with citizens and businesses. Its open APIs and mobile apps enable cities, counties, state and federal governments to address the diverse needs of their constituents by making publicly available information more accessible.
The company, which has more than 1,000 customers worldwide, has offices in San Francisco, New York, Melbourne and Dubai.

Accela had previously raised $40m in October 2013 (read here) and $20m in debt financing from Wells Fargo Capital Finance.



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