Accept Software Raises $14.5 Million

Posted Sep 15, 2009

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.