What is Accela?
Accela specializes in designing and delivering government software aimed at improving operational efficiency, fostering greater citizen interaction, and facilitating community development. In an era where citizens expect transparent and convenient access to public services, Accela's mission is to empower government agencies to meet these demands, even while facing resource constraints. The company's technology is pivotal for modernizing municipal operations and enhancing the delivery of essential services to the public.
How much funding has Accela raised?
Accela has raised a total of $219.7M across 6 funding rounds:
Series A
$4.1M
Series C
$4.1M
Series D
$40M
Other Financing Round
$20M
Private Equity
$8M
Series E
$143.5M
Series A (2004): $4.1M, investors not publicly disclosed
Series C (2004): $4.1M led by Primary Venture Partners
Series D (2013): $40M supported by Bregal Sagemount
Other Financing Round (2013): $20M featuring Wells Fargo Capital
Private Equity (2014): $8M backed by Bregal Sagemount
Series E (2015): $143.5M with participation from Karlani Capital, Landmark Partners, and Abry Partners
Key Investors in Accela
Bregal Sagemount
Bregal Sagemount is a private equity and venture capital firm specializing in growth capital and emerging growth investments, with a focus on middle market and later-stage companies. Established in 2012, the firm is based in New York.
Karlani Capital
Karlani Capital is an investment firm founded by entrepreneurs, supporting startups across various sectors with a focus on technology-driven companies from early stages to Series B funding. Their mission is to enrich lives and communities by guiding entrepreneurs.
Landmark Partners
Landmark Partners, founded in 1989, is a specialized investment firm focusing on private equity, real estate, and infrastructure transactions, serving as a leading source of capital for various partnership interests.
What's next for Accela?
With a history of substantial capital raises, including significant rounds like Series E and Series D, Accela is well-positioned for continued expansion and innovation in the GovTech space. The recent enterprise-level funding, represented by $0, suggests a focus on scaling operations, further developing its comprehensive software suite, and potentially exploring strategic acquisitions. This investment will likely fuel Accela's efforts to deepen its market penetration and solidify its leadership in providing digital transformation solutions for government entities worldwide.
See full Accela company page
