Accruent
Latest round
- Series F
Last raised
- Oct 2006
Total raised
- $16M
Investors
- 9
About Accruent
Founded in 1995, Accruent, LLC is dedicated to providing software solutions for asset and facilities management. The company is headquartered in Austin, Texas, US. In July 2018, Fortive Corporation agreed to acquire Accruent from Genstar Capital Partners for USD 2 billion, completing the deal in September 2018.Accruent specializes in providing integrated software solutions aimed at enhancing the management of people, facilities, and assets across various industries. Their core offerings include a Computerized Maintenance Management System (CMMS) designed to streamline facility and asset maintenance, an Engineering Document Management Solution (EDMS) for effective collaboration on engineering documentation, and a suite of Workplace Management Solutions that facilitate desk and room scheduling, event management, and space optimization. These products serve a diverse client base, including healthcare institutions, educational facilities, retail operations, and utility companies, enabling them to enhance operational efficiency and compliance while lowering costs.Accruent generates revenue primarily through subscription-based models, where clients pay for access to its suite of software solutions. The transaction structure involves ongoing service agreements, allowing clients to utilize various products such as the CMMS and EDMS, along with specialized services like training and technical support. These agreements typically include annual or multi-year commitments, providing predictable revenue streams for the company. Pricing plans for their offerings are structured to accommodate different user needs and organizational sizes, with options that cater to both large enterprises and smaller entities. The company aims to design and launch new features for its software solutions, focusing on innovative functionalities to meet evolving client needs. Additionally, Accruent is targeting expansion into new markets in Europe and Asia by 2023, aiming to establish a stronger presence in these regions.
Who invested in Accruent
9 investors across 2 rounds
See all investors in Accruent
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Accruent
Who invested in Accruent?
Accruent has 9 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Accruent raised?
Accruent has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Accruent last raise money?
Accruent's most recent round on record is a Series F, in Oct 2006.
What does Accruent do?
Founded in 1995, Accruent, LLC is dedicated to providing software solutions for asset and facilities management.
Where is Accruent headquartered?
Accruent is headquartered in Austin, US.
Which VCs invest in companies like Accruent?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Accruent's stage. Their profiles are linked below.
VCs backing software startups at Series F
Raising like Accruent? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.