Accruit
Latest round
- Series A
Last raised
- Jul 2008
Total raised
- $3.3M
Investors
- 1
About Accruit
Accruit, LLC provides 1031 Exchange services, helping clients defer capital gains taxes during property transactions. In April 2023, the company was acquired by Millennium Trust Company, LLC.Accruit specializes in 1031 Exchange services through its proprietary platform, Exchange Manager Pro SM, which is the sole patented workflow technology designed to streamline the 1031 Exchange process. This service increases efficiency by standardizing the procedures for deferring capital gains tax and depreciation recapture tax in the exchange of investment properties.Accruit generates revenue primarily through its 1031 Exchange Qualified Intermediary services, which are typically structured as fee-based transactions. Clients engaged in a 1031 Exchange incur fees associated with consulting, administration, and the use of the patented Exchange Manager Pro SM platform. The business operates on a B2B model, collaborating with real estate professionals and institutional clients to facilitate property transactions efficiently.Following the acquisition in April 2023, Accruit is set to leverage its capabilities under Millennium Trust Company, LLC to broaden its service offerings in health, wealth, retirement, and benefit solutions. The acquisition aims to enhance Accruit's market reach, and future plans may include the development of new products tailored to the evolving needs of its clientele. Specific details on upcoming products or targeted geographic expansions have not been disclosed.
Who invested in Accruit
1 investor across 1 round
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Funding rounds
Series A
Jul 3, 2008
Amount
$3.3M
Investors
Questions about Accruit
Who invested in Accruit?
Accruit has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Accruit raised?
Accruit has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Accruit last raise money?
Accruit's most recent round on record is a Series A, in Jul 2008.
What does Accruit do?
Accruit, LLC provides 1031 Exchange services, helping clients defer capital gains taxes during property transactions.
Where is Accruit headquartered?
Accruit is headquartered in Denver, US.
Which VCs invest in companies like Accruit?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Accruit's stage. Their profiles are linked below.
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