Accept Software Raises $14.5 Million

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Accept Software designs applications made for product planning and marketing. Some of their customers include Intuit, Tibco, VMware, Fidelity, and Viasys. According to a filing with an SEC, Accept Software raised a whopping $17 million round of funding. $15.4 million out of an $18 million targeted round, Accept Software is based in Fremont, California.

The software that Accept designs can capture ideas from brainstorm sessions and action items can be delegated. When a product is finished, Accept helps organize deployment requirements.

The investors involved in this round was led by StarVest Partners LP. Jefferson Partners and The Entrepreneurs Fund (TEF) also participated. There are also board members from The Entrepreneurs Fund and StarVest Partners on their Board of Directors. The press release is available here.

*Special thanks to Heidi Groshelle for reaching out to us.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Accept Software Raises $14.5 Million Comments

  1. heidi groshelle says:

    Hi, Heidi Groshelle here from Accept, the expert in on-demand software for idea management, portfolio management, and requirements management. The total investment is $17 million. We want to correct the information posted for your readers and direct all to a press release that was wired today. http://alturl.com/htce

    Led by StarVest Partners, L.P. with participation by existing investors Jefferson Partners and The Entrepreneurs Fund (TEF), the investment totaled just over $17M. The new funds will be used to respond to growing customer demand by accelerating development of the company’s product line and expanding sales and marketing.

  2. Amit Chowdhry says:

    Thanks for the clarification Heidi. I updated the article so that the changes are reflected.

  3. heidi groshelle says:

    Hi, Heidi Groshelle here from Accept, the expert in on-demand software for idea management, portfolio management, and requirements management. The total investment is $17 million. We want to correct the information posted for your readers and direct all to a press release that was wired today. http://alturl.com/htce

    Led by StarVest Partners, L.P. with participation by existing investors Jefferson Partners and The Entrepreneurs Fund (TEF), the investment totaled just over $17M. The new funds will be used to respond to growing customer demand by accelerating development of the company’s product line and expanding sales and marketing.

  4. Amit Chowdhry says:

    Thanks for the clarification Heidi. I updated the article so that the changes are reflected.

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