This brings the total amount raised by the company to date to $24m.
WebFilings’ cloud-based software streamlines the manual process that companies currently use to draft and file Securities Exchange Commission (SEC) reports, including the recently-mandated XBRL reporting process.
The solution integrates word processing and spreadsheet functionality, EDGAR HTML conversion and XBRL mapping and tagging into a fully-integrated, end-to-end solution that helps SEC reporting teams meet reporting requirements for a range of regulatory filings.
The funds will be used to support the company’s customer acquisition and growth strategies.