Netgain, a Denver, CO-based provider of software for finance and accounting teams, raised $35M in funding.
The round was led by Summit Partners. Greg Goldfarb, a Managing Director at Summit Partners has joined the company’s Board of Directors.
The company intends to use the funds to further enhance product development, and expand the team.
Founded by Nathan Smart and Adam Riches in 2018, Netgain provides NetSuite-native software solutions that help accountants simplify and automate key accounting processes, including those related to lease accounting, fixed asset management, advanced revenue recognition, month-end close, loan management and improved financial workflow—all without requiring the user to leave their system of record.
Netgain now has over 1,600 customers.
FinSMEs
03/04/2024