Centage Corporation, a Natick, MA-based provider of budgeting and forecasting software for small and medium-sized businesses, completed its $13.5m Series A funding.
The round was led by TVC Capital, with participation from Northgate Capital.
The company intends to use the funds for the continued expansion of its Budget Maestro suite of products and accelerate sales and marketing.
Led by Barry Clapp, president and CEO, Centage provides Budget Maestro™ by Centage, an automated budgeting, planning, and forecasting application designed for small to mid-market companies. It features built-in financial and business logic that allow users to create and update their budgets and forecasts and offers synchronized P&L, balance sheet, and cash flow reporting.
Budget Maestro is currently used by more than 7,000 users worldwide.