Centage Corporation, a Natick, Mass.-based provider of cloud-based budgeting, forecasting, analytics and reporting solutions, raised an $8.5m Series C funding round.
The round was led by TVC Capital with participation from institutional investors and investors from prior funding rounds.
The company intends to use the funds to continue to expand operations.
Led by John Murdock, CEO, Centage provides small to mid-market organizations with a Cloud SaaS based planning, forecasting and budgeting solution that includes analytics tools and built-in business and financial logic.
Maestro Suite eliminates the time-consuming and error-prone activities associated with using spreadsheets. It shows how a business is performing and helps accurately forecast and report on its future financial health, offers synchronized P&L, balance sheet and automatically generated cash flow reporting, to speed up decision-making and deliver useful business information year-round.
The company currently serves over 10,000 users worldwide.