Acumatica Raises $10M in Series C Funding

Acumatica, a Kirkland, WA-based provider of Enterprise Resource Planning (ERP) solutions for Small and Medium-sized Businesses (SMBs), raised $10m in Series C funding round.

The round was led by Runa Capital and Almaz Capital.

The company intends to use the funds to accelerate its growth and work with its partner channel to increase adoption of its Cloud ERP solution.

Founded in 2007 by CEO Yury Larichev, Serguei Beloussov and John Howell, Acumatica provides cloud-based ERP applications for small and midsized businesses, offering financial management, distribution, CRM, and project accounting suites.
The company’s products are delivered through a global channel-partner network of VARs, ISVs, and OEMs in the US, Canada, UK, Africa, the Middle East, India and various countries in Southeast Asia.
Acumatica maintains offices in Washington DC, Moscow, and Singapore and has affiliate offices in Indonesia and Mexico.



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