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HomeFunding CO-based Netgain Secures $35Million in Funding

[Funding alert] CO-based Netgain Secures $35Million in Funding

Netgain, a provider of software for finance and accounting teams, secures $35million in funding. Leading the round was Summit Partners. Summit Partners' managing director Greg Goldfarb has become a member of the board of directors. The company plans to grow the staff and improve product development with the money.

Netgain, a provider of software for finance and accounting teams, secures $35million in funding. Leading the round was Summit Partners. Summit Partners’ managing director Greg Goldfarb has become a member of the board of directors. The company plans to grow the staff and improve product development with the money.

Netgain, which was founded in 2018 by Nathan Smart and Adam Riches, offers NetSuite-native software solutions that assist accountants in streamlining and automating critical accounting procedures.

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These procedures include advanced revenue recognition, lease accounting, fixed asset management, month-end close, loan management, and improved financial workflow, all without requiring the user to leave their system of record.

About Netgain

Netgain apps assist accountants in streamlining and automating procedures. They are a team of former Big Four accountants with extensive knowledge of NetSuite and lease accounting.

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They are aware of the things that keep you up at night and what spurs you on each day. Helping you do your work more effectively, intelligently, and efficiently is what they do. They enjoy taking the complicated and simplifying it, as well as coming up with practical methods for accounting.

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