# Q2 Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/q2-software

- Industry: Financial Services
- Headquarters: Austin, US
- Website: www.q2.com/
- Total disclosed funding: $54M
- Latest round: Series C (Mar 1, 2013)
- Investors on record: 2

## About

Q2 Software, Inc., based in the US, specializes in providing digital banking solutions tailored to enhance the operational capabilities of financial institutions, particularly banks and credit unions.Founded in 2004 in Austin, US, Q2 Software, Inc. focuses on delivering integrated digital banking platforms to financial institutions. The company's founder, Ankit Rajput, has a history of entrepreneurship that contributes to its innovative approach. Q2 has successfully completed a total of 5 deals, with its most recent funding round being an IPO on March 20, 2014, which raised USD 100.89 mn, bringing the total amount raised to USD 100.89 mn. The company is currently led by CEO Hank Seale.Q2 offers a comprehensive suite of digital banking solutions designed to enhance the operational capabilities of financial institutions, particularly banks and credit unions. The core product, an integrated digital banking platform, includes mobile banking, payment processing, loan management, and personalized support. This platform is utilized by various clients, including consumers and commercial enterprises, positioning Q2 prominently in both domestic and international markets.In the most recent financial year of 2024, Q2 recorded revenues of USD 696.46 mn and an EBITDA of USD 56.92 mn, primarily generated through subscription-based models for its digital banking offerings.Q2 Software, Inc. aims to expand its product offerings and geographic reach significantly. The company is designing new features for its digital banking platform, with releases planned in the upcoming year. Q2 also seeks to penetrate international markets, focusing on regions in Europe and Asia by the end of 2025. The proceeds from the recent IPO will be utilized to support these initiatives, enhancing their product development and market expansion efforts.

## Funding rounds

- Series C, Mar 1, 2013, $20M — Adams Street Partners, Battery Ventures
- Series B, Dec 29, 2011, $11M — Adams Street Partners
- Series A, Nov 19, 2007, $13M — Adams Street Partners
- Series A, Aug 15, 2007, $10M — Adams Street Partners

## Investors

- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series A, Series B, Series C
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series C