# DebtBook

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

- Industry: Software
- Headquarters: Charlotte, US
- Website: www.debtbook.com
- Total disclosed funding: $19M
- Latest round: Series A (Jul 14, 2023)
- Investors on record: 3

## About

Based in North Carolina, US, and founded in 2019, Fifth Asset, Inc., trading under the name DebtBook provides debt, lease, and subscription management systems. The company was co-founded by Tyler Traudt (CEO) and Erik Pelletier. In July 2023, the firm raised USD 12.5 million in Series A funding led by returning investor Elephant, with participation from other returning investors CreativeCo Capital and Meeting Street Capital.

The company offers software solutions for the management of debt, leases, and subscriptions. The firm management system facilitates managing lease and debt obligations, as well as reporting and journalizing, and collaborates in the cloud with internal teams and external partners. The firm software is used across various industries such as state and local government, higher education, transportation, airport, seaport, and healthcare.

## Funding rounds

- Series A, Jul 14, 2023, $13M — Elephant, Meeting Street Capital, CreativeCo Capital
- Series A, Aug 4, 2022, $6.8M — Elephant, Meeting Street Capital, CreativeCo Capital

## Investors

- Elephant (https://capitalatlas.ai/funds/elephant) — Series A
- Meeting Street Capital (https://capitalatlas.ai/funds/meeting-street-capital) — Series A
- CreativeCo Capital (https://capitalatlas.ai/funds/creativeco-capital) — Series A