iplicit Raises €29.7 Million in Funding
iplicit, a London, UK-based cloud accounting platform provider, has raised €29.7 million in funding round.
The funding round was from technology growth investor One Peak, a specialist growth equity firm with $2.0 billion in assets under management. It invests in technology companies in the scale-up phase, providing growth capital, operating expertise, and access to its extensive network.
The investment will fuel product development and expansion, supporting iplicit’s mission to dominate the UK mid-market accounting sector.
Founded in 2019 by Ian Andrews, iplicit offers a financial management solution tailored for the UK mid-market. It helps businesses streamline their financial operations, offering features like seamless setup, easy migration, and robust accounting capabilities. The company has supporting over 2,000 organizations and 38,000+ daily users across the UK and Ireland.
Funding Details
Company: iplicit Limited
Raised: €29.7M
Round: Unknown
Funding Date: January 2025
Investor: One Peak
Company Website: https://www.iplicit.com/
Software Category: Accounting Software