# Practice Ignition

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/practice-ignition-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.practiceignition.com
- Total disclosed funding: $56M
- Latest round: Series E (Nov 5, 2021)
- Investors on record: 7

## About

Founded in 2011 and based in Sydney, Australia, Practice Ignition Pty Ltd. offers accounting software that facilitates proposals, payments, insights, scope management, and integrations. Dane Thomas and Guy Pearson are the co-founders of the company. In March 2021, the firm raised an undisclosed amount of venture debt financing led by CIBC.

The company provides a client engagement platform and front office system of record for accountants and bookkeepers that facilitates proposals, payments, and business insights. The firm also provides an accounting software platform that provides various features including proposals, client payments, recurring billing, client management, engagement letters, business dashboard, and integrations.

The organization provides subscription plans for a starter plan at USD 75, a professional plan at USD 149, and a scale plan at USD 375 as a monthly subscription.  

Practice Ignition will use the March 2021 funding to deepen its investment in its proprietary product and technology, and further accelerate its global growth momentum.

## Funding rounds

- Series E, Nov 5, 2021, $35M — JMI Equity, Tiger Global Management, EVP, Givia Pty. Ltd
- Series D, Aug 20, 2019, $15M — Tiger Global Management, Right Click Capital
- Series C, May 17, 2017, $4.7M — Right Click Capital, Black Sheep Capital, EVP, Givia Pty. Ltd
- Series B, Dec 1, 2015, $1.1M — Real Ventures, Givia Pty. Ltd

## Investors

- Real Ventures — Series B
- Givia Pty. Ltd — Series B, Series C, Series E
- Right Click Capital (https://capitalatlas.ai/funds/right-click-capital) — Series C, Series D
- Black Sheep Capital (https://capitalatlas.ai/funds/black-sheep-capital) — Series C
- EVP (https://capitalatlas.ai/funds/evp) — Series C, Series E
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D, Series E
- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series E