DocuPhase (a provider of accounting and finance process automation software) has announced a majority investment from Aquiline Capital Partners LP (a private investment specialist in financial services and related technologies) and Level Equity (a private investment firm focused on high-growth software businesses).
Based in Tampa, Florida, DocuPhase offers software solutions to over 1,200 customers, enabling finance teams to streamline invoicing and payment procedures, saving time, reducing errors, and lowering costs. And the company provides core software solutions across accounts payable automation, accounts receivable automation, and document management.
This investment from Aquiline and Level Equity will enable DocuPhase to continue to drive strong organic growth, expand its product suite, improve its offering through investment in product innovation, and grow its recently launched vendor payments solution to better serve its customer base.
Leonis Partners served as the exclusive financial advisor to DocuPhase in the deal.
KEY QUOTES:
“This investment in DocuPhase marks a significant milestone in our company. The infusion of capital validates our product’s strength and potential while empowering us to accelerate our growth and expand our reach. I’m genuinely excited for our employees and our customers; having the combined support of Aquiline and Level Equity is a game changer for DocuPhase. We are poised to continue innovating and delivering exceptional value to our customers and creating additional career growth opportunities for our employees.”
- Dan Gaertner, CEO of DocuPhase
“In an increasingly digital world, it is imperative for finance departments to drive efficiencies through automation and adoption of best of breed software. DocuPhase’s broad and robust suite of solutions drives real ROI for their customers, and has helped drive the Company’s strong growth and retention. Aquiline is thrilled to partner with Dan and the DocuPhase team to execute our collective vision for the business.”
- Joe Pappalardo, a Partner at Aquiline
“Level is excited to make another investment focused on the office of the CFO where we see consistent and continued product innovation driving real business value. Dan and his team have demonstrated the powerful ability to innovate and expand the product suite while simultaneously accelerating growth and profitability.”
- Ben Levin, Co-Founder and CEO of Level Equity
