H.I.G. Advancement Associates Completes Financial commitment in Accounting Seed
H.I.G. Development Partners (“H.I.G.”), the devoted progress money investment decision affiliate of H.I.G. Funds, is pleased to announce the completion of a strategic advancement expenditure in Accounting Seed, Inc. (“Accounting Seed” or the “Company”), a fast developing cloud-dependent accounting and economical management software program system.
Based mostly in Columbia, MD, Accounting Seed is a mission significant SaaS accounting platform that is purpose created for little to medium enterprises (“SME”). Built on Force.com, Accounting Seed delivers a strong and scalable organization grade technological innovation stack and allows its clients to fully pilot their corporations with one particular technique of file and unified workflow – from product sales guide as a result of to the normal ledger. The Company’s element loaded application platform also delivers SMEs a extremely versatile accounting and economic administration remedy that is easily customizable working with simply click / no-code engineering.
Accounting Seed plans to use the funding to execute its product roadmap, expand the team with key hires, make strategic acquisitions, and make investments in more gross sales and advertising functions to further more speed up expansion. Tony Zorc, Founder and Main Govt Officer of Accounting Seed commented, “We are thrilled to companion with an H.I.G. crew that has had outstanding accomplishment with software package investments. We have made a special resolution for our clients in excess of the past numerous years, and H.I.G.’s financial investment will enable us to extend our workforce and travel even increased improvements in our system. We are excited for the journey in advance.”
“Accounting Seed represents an ideal opportunity to spend in a differentiated and mission-vital cloud-based accounting and monetary administration resolution that helps SMEs enact their electronic transformation methods,” said Evan Karp, Controlling Director at H.I.G. “We are enthusiastic to be partnering with the complete staff at Accounting Seed and to aid them execute on the Company’s advancement plans.”
Paul Hastings LLP served as authorized counsel to H.I.G. on the transaction. Piper Sandler and Cooley LLP recommended Accounting Seed on the transaction.
About Accounting Seed
Accounting Seed is a cloud-based accounting and money administration system that transforms and empowers enterprises. With its enhanced capabilities, buyers operate their company much more strategically and have remote access to their financials at any time. Organizations can entirely pilot all back again-workplace features in a person natural environment by tapping the energy of the Salesforce system, eradicate uncertainties and problems with improved info visibility, and simply personalize and configure the cloud-centered ecosystem to accommodate their distinctive business enterprise necessities and workflows.
About H.I.G. Expansion Partners
H.I.G. Development Companions is the dedicated progress funds expense affiliate of H.I.G. Capital, a major global different financial investment business with $44 billion of equity money underneath management.* H.I.G. Progress seeks to make each the vast majority and minority investments in robust, advancement-oriented businesses located in the course of North The united states, Europe and Latin The usa. H.I.G. Development Companions considers investments across all industries but focuses on specified higher-expansion sectors wherever it has considerable in-home expertise these as technological innovation, healthcare, online and media, purchaser goods and know-how-enabled economical and business enterprise services. H.I.G. Development strives to work carefully with its administration teams to provide as an professional resource, giving wide-primarily based strategic, operational, recruiting, and monetary management services from a broad in-residence staff and a sizeable community of 3rd-occasion relationships. For a lot more information and facts, make sure you refer to the H.I.G. website at www.HIGgrowth.com.
* Based mostly on complete cash commitments managed by H.I.G. Funds and affiliates.
Perspective resource version on businesswire.com: https://www.businesswire.com/news/household/20210526005046/en/
Contacts
Evan Karp
Controlling Director
[email protected]
H.I.G. Development Associates