Intacct, a San Jose, California-based provider of cloud financial management and accounting software, has raised an additional $12.3m in funding.
The round was led by Split Rock Partners, with participation from existing investors Bessemer Venture Partners, Emergence Capital, Sigma Partners and Sutter Hill Ventures.
Intacct intends to use the capital to further invest in its cloud financial management and accounting applications, to fund its hiring plans and expand its sales, marketing, and partner initiatives.
Led by president and CEO Robert Reid, the company provides cloud financial management and accounting software including accounting, contract management, revenue management, project and fund accounting, inventory, purchasing, vendor management, financial consolidation and financial reporting applications.
Customers include more than 4,000 organizations worldwide.