# Accruit

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

- Industry: Financial Services
- Headquarters: Denver, US
- Website: www.accruit.com
- Total disclosed funding: $3.3M
- Latest round: Series A (Jul 3, 2008)
- Investors on record: 1

## About

Established in 2000, Accruit, LLC, based in Denver, US, specializes in 1031 Exchange services, utilizing its patented Exchange Manager Pro SM platform to enhance the efficiency of property transactions for various clients across the country.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. The company was founded in Denver, US, in 2000, and it has completed a total of 3 deals, with the latest funding round being Series A, in which it raised USD 3.30 mn from IA Capital Group, marking the total amount raised at USD 3.30 mn.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. The company serves a wide range of clients, including private investors, institutional investors, and property advisors, offering customized solutions to assist in property transactions across various sectors. Accruit's offerings extend to farmers and ranchers aiming to maximize tax savings on property exchanges, with services available throughout the United States.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. The pricing is reflective of the specialized support provided, particularly for complex transactions involving multiple properties or unique asset types, underscoring the company's focus on customer service and industry expertise.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.

## Funding rounds

- Series A, Jul 3, 2008, $3.3M — IA Capital Group

## Investors

- IA Capital Group (https://capitalatlas.ai/funds/ia-capital-group) — Series A