# AccuRev

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

- Industry: Software
- Headquarters: Lexington, US
- Website: www.accurev.com
- Total disclosed funding: $3M
- Latest round: Series A (Mar 17, 2006)
- Investors on record: 1

## About

AccuRev Inc is a software company specializing in version control and change management solutions, empowering teams to manage their code and collaborate effectively across projects.AccuRev Inc, founded in 1993 and headquartered in Lexington, US, focuses on providing version control solutions for software development. In December 2013, Micro Focus acquired AccuRev Inc for an undisclosed amount. The company has successfully completed 2 deals since its inception, with its latest funding round being a Series A in December 2013 led by Commonwealth Capital Ventures, raising a total of USD 3.000 mn and resulting in a current company valuation of USD 11.107 mn.AccuRev Inc specializes in version control and change management software that enables development teams to streamline their collaboration and code management processes. Their flagship product allows teams to manage software development effectively, integrating various tools and methodologies suited for both small and large projects.AccuRev Inc generates revenue primarily through software licensing and subscriptions for their version control products. Their pricing model accommodates various tiers, catering to different organizational sizes and needs, thus creating a consistent revenue stream from ongoing subscriptions and renewals.Following the acquisition by Micro Focus in December 2013, AccuRev Inc aims to innovate its product offerings by introducing new features and enhancements to its version control software. The company plans to expand its market presence in North America and Europe by targeting software development firms looking to optimize their workflows. The funding from the Series A round is intended to support product development and marketing initiatives to capture new clients and enhance existing relationships.

## Funding rounds

- Series A, Mar 17, 2006, $3M — Commonwealth Capital Ventures

## Investors

- Commonwealth Capital Ventures (https://capitalatlas.ai/funds/commonwealth-capital-ventures) — Series A