# Accela

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/accela

- Industry: Software
- Headquarters: San Ramon, US
- Website: www.accela.com
- Total disclosed funding: $224M
- Latest round: Series E (Feb 13, 2015)
- Investors on record: 6

## About

Accela, Inc. is a US-based company that develops cloud-based software solutions tailored for local and state government agencies, enhancing operational efficiency and service delivery through automation and process modernization.Founded in 1999 and headquartered in San Ramon, US, Accela, Inc. focuses on providing innovative software solutions for government operations. The firm has undergone significant strategic shifts since its inception, with its most recent pivot being its acquisition by Francisco Partners from Berkshire Partners in September 2023. The company was co-founded by Elie Chahine and Ho Sit, who had prior experience in technology ventures. Accela has successfully raised USD 183.500 mn through its funding rounds, culminating in a Series E round led by ABRY Partners, and currently holds a valuation of USD 753.155 mn.Accela specializes in cloud-based software solutions for government agencies, offering a range of civic applications that automate workflows related to building permits, business licensing, code enforcement, and community development. Its products are designed to enhance operational efficiency and customer engagement, catering to a diverse clientele that includes municipalities, counties, and state governments across the US, including regions like California, Florida, Texas, Tennessee, and Ohio, as well as international markets like Dubai.Accela generates revenue primarily through subscription-based models tailored to the specific needs of government agencies. Clients typically engage in multi-year contracts for access to Accela's suite of applications, focusing on a B2B model designed to streamline governmental processes. The company's flagship products include ePermitHub and various customizable modules that assist clients in achieving operational savings and improved service delivery, although specific pricing details remain undisclosed.With the recent investment from Francisco Partners, which aims to simplify and streamline government operations, Accela plans to enhance its product offerings and expand its reach into new markets. The company is focusing on developing new software solutions that cater specifically to government needs. Future expansion plans include targeting additional geographic regions, although specific timelines have yet to be detailed. The capital raised will support these initiatives as Accela seeks to bolster its market presence and improve the government experience.

## Funding rounds

- Series E, Feb 13, 2015, $184M — Abry Partners, Irving Place Capital, Landmark Partners, JPEL Private Equity, Karlani Capital
- Series D, Oct 4, 2013, $40M — Bregal Sagemount

## Investors

- Bregal Sagemount — Series D
- Abry Partners (https://capitalatlas.ai/funds/abry-partners) — Series E
- Irving Place Capital (https://capitalatlas.ai/funds/irving-place-capital) — Series E
- Landmark Partners (https://capitalatlas.ai/funds/landmark-partners) — Series E
- JPEL Private Equity (https://capitalatlas.ai/funds/jpel-private-equity) — Series E
- Karlani Capital (https://capitalatlas.ai/funds/karlani-capital) — Series E