Accounting Seed, Inc., a Columbia, MD-based provider of a cloud accounting and financial management software platform, received a strategic growth investment from H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to execute its product roadmap, expand the team with key hires, make strategic acquisitions, and invest in additional sales and marketing activities to further accelerate growth.
Led by Tony Zorc, Founder and Chief Executive Officer, Accounting Seed provides a SaaS accounting platform that is purpose built for small to medium enterprises. Built on Force.com, the platform offers a scalable enterprise grade technology stack and enables its customers to fully pilot their organizations with one system of record and unified workflow – from sales lead through to the general ledger.