Fenwick & West LLP represented Intacct Corporation, a cloud-based financial management and accounting software company, in its recently announced $13.5 million financing round that was a combination of venture funding and a debt facility. The majority of the financing resulted from a $7.5 million venture round led by Split Rock Partners, and joined by Bessemer Venture Partners, Emergence Capital, Sigma Partners, and Sutter Hill Ventures. The remaining $6 million came in the form of a line of credit from Silicon Valley Bank.
The additional funding will be used to “drive continued growth through extended product innovation and expanded distribution channels.”
The Fenwick transaction team was led by corporate partner Steven Levine, corporate associate Scott Behar.