Netgain, a leading software provider for finance and accounting teams, has secured a $35 million minority investment in a round led by Summit Partners to fuel product development and team expansion. Founded in 2018, Netgain aims to modernize the office of the CFO by simplifying and automating key accounting processes, such as lease accounting, fixed asset management, and month-end close, within the NetSuite ERP. The investment underscores Netgain’s impressive growth over the last several years—growing annualized recurring revenue by 80 percent from 2022 to 2023 and new customer logos by 400 percent in the past 24 months.
Netgain Announces $35 Million Investment from Summit Partners to Accelerate its Mission to Modernize Accounting
