Intacct, a San Jose, CA-based provider of cloud ERP software, secured an additional $40m of debt financing.
The facility was provided by Silicon Valley Bank.
Led by Robert Reid, CEO, Intacct is a provider of cloud ERP software featuring accounting, cash management, purchasing, vendor management, financial consolidation, subscription billing, revenue recognition, project accounting, fund accounting, inventory management, and financial reporting applications. Intacct’s solutions are currently in use by more than 11,000 organizations from startups to public companies.
The company is backed by Battery Ventures, Bessemer Venture Partners, Costanoa Venture Capital, Emergence Capital, Morgan Creek Capital Management, Sigma Partners, and Split Rock Partners.