About Sage Intacct
Sage Intacct is a company based in San Jose (United States) founded in 1999 was acquired by Sage Group in July 2017.. Sage Intacct has raised $96 million across 10 funding rounds from investors including Sage Group, SVB and Bessemer Venture Partners. The company has 140 employees as of April 08, 2024. Sage Intacct operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and Xero, among others.
- Headquarter San Jose, United States
- Employees 140 as on 08 Apr, 2024
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Intacct Software Private Limited
- Date of Incorporation 11 Jul, 2005
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$7.76 M (USD)22.46as on Mar 31, 2023
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Net Profit
$749.26 K (USD)9.44as on Mar 31, 2023
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EBITDA
$1.8 M (USD)15.54as on Mar 31, 2023
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Total Equity Funding
$96 M (USD)
in 10 rounds
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Latest Funding Round
$40 M (USD), Debt – Venture
May 05, 2016
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Investors
Sage Group
& 11 more
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Employee Count
140
as on Apr 08, 2024
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Acquired by
Sage Group
(Jul 26, 2017)
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Sales and Marketing
102 people
Software Development Team
91 people
Leadership Team
67 people
Product Management Team
66 people
Finance and Accounting
33 people
Human Resources and Administration
32 people
Creative and Marketing Team
25 people
Senior Team
24 people
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Funding Insights of Sage Intacct
Sage Intacct has successfully raised a total of $96M across 10 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $40 million completed in May 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Debt – Venture — $40.0M
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First Round
First Round
(27 Mar 2000)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Debt – Venture - Sage Intacct | Valuation |
investors |
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| Feb, 2014 | Amount | Series C - Sage Intacct | Valuation | Battery Ventures , Sigma Partners |
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| Feb, 2014 | Amount | Debt – Conventional - Sage Intacct | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sage Intacct
Sage Intacct has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Sage Group, SVB and Bessemer Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Early-stage VC investments are made in US, Canada, and Asia.
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Founded Year | Domain | Location | |
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Tech focused Early and growth stage VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sage Intacct
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sage Intacct
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sage Intacct Comparisons
Competitors of Sage Intacct
Sage Intacct operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Clear, Wave and Xero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sage Intacct
Frequently Asked Questions about Sage Intacct
When was Sage Intacct founded?
Sage Intacct was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Sage Intacct located?
Sage Intacct is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Is Sage Intacct a funded company?
Sage Intacct is a funded company, having raised a total of $96M across 10 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $15M, raised on Mar 27, 2000.
How many employees does Sage Intacct have?
As of Apr 08, 2024, the latest employee count at Sage Intacct is 140.
What is the annual revenue of Sage Intacct?
Annual revenue of Sage Intacct is $7.76M as on Mar 31, 2023.
What does Sage Intacct do?
Sage Intacct was founded in 1999 and is headquartered in San Jose, United States. Operations focus on the financial software sector, where cloud-based solutions for accounting and management are provided. Services encompass general ledger accounting, billing, cash management, order and purchase processing, financial reporting, budgeting, inventory control, fixed asset management, time and expense tracking, and vendor payments. These tools support business financial operations across various industries.
Who are the top competitors of Sage Intacct?
Who are Sage Intacct's investors?
Sage Intacct has 12 investors. Key investors include Sage Group, SVB, Bessemer Venture Partners, Morgan Creek, and Sigma Partners.
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