Accela Secures $40 Million in Series D Funding
Bregal Sagemount Injects Growth Capital to Accelerate Accela’s Civic Engagement Solutions and Civic Cloud Adoption
SAN RAMON, Calif. – October 17, 2013 – Accela, Inc., the leading provider of civic engagement solutions for government agencies, today announced that it has closed $40 million in funding to accelerate growth and make strategic acquisitions. The investment was led by Bregal Sagemount, a New York-based growth equity fund, which joined existing investors in supporting Accela’s mission to create better government through civic engagement.
“This funding validates our vision of creating better government with great technology and innovation. We believe that Accela’s Civic Platform empowers agencies to engage their citizens directly through their PCs and mobile devices rather than by waiting in line at City Hall,” said Maury Blackman, president and CEO of Accela, Inc. “Cloud computing has impacted the way organizations of all types and sizes buy, consume and manage IT-powered business functions. The interest from outside investors highlights both the value of the Civic Cloud for government efficacy and the need for two-way communication between government agencies and the citizens and businesses they serve.”
The Accela Civic Platform provides governments with a complete solution for citizen engagement. The platform provides powerful cloud and mobile technologies that facilitate productivity for government workers and allow citizens to engage with their agencies 24/7. Today agencies can deploy complete capabilities to streamline and manage core processes and to improve community services related to land management, licensing, asset management, and public health and safety.
Accela’s solutions support a broad portfolio of over 500 customers from enterprise agencies in jurisdictions such as New York City; San Francisco; Washington, D.C.; Melbourne, Australia; and the Emirate of Abu Dhabi to smaller jurisdictions including Nogales, Ariz.; Roseville, Calif.; and Westminster, Colo.
In addition, Accela welcomed Daniel Kim and Blair Greenberg of Bregal Sagemount to the company’s board of directors.
“Today’s successful funding round supports the momentum the company is experiencing and reflects its market position as a leader in civic solutions for government,” said Daniel Kim, partner, Bregal Sagemount. “With this additional capital, we believe the company can grow even faster and be the natural choice for all government agencies.”