Robert Reid, IntacctIntacct, a cloud software company, has secured $40 million in debt financing. The San Jose, Calif.-based company received the financing commitment recently via a new debt facility from Silicon Valley Bank, which joins several existing equity investors.

 

"When you are looking at long-term growth, you always have to watch the market and sometimes you take in money before you actually need it to ensure you have the flexibility to take advantage of new opportunities when they arise," CEO Robert Reid said in a prepared statement.

Intacct's existing investors include Battery Ventures, Bessemer Venture Partners, Costanoa Venture Capital, Emergence Capital, Morgan Creek Capital Management, Sigma Partners, and Split Rock Partners.

Last modified on Tuesday, 17 May 2016
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