Enterprise IT Startup Accelo Secures $9 Million

Accelo closed $9 million in Series A financing led by Level Equity, with participation from Fathom Capital and Blackbird Ventures.

Accelo is a technology platform that helps small- to medium-sized businesses, agencies, and teams within larger companies automate and streamline their work into single integrated systems. For service providers, Accelo redefines recurring contracts with automated triggers and easily replicable templates that make it easy for professionals to track ongoing services and manage retainers in real-time. Accelo’s platform also allows users to forecast their team’s schedules and billing needs based on project workflow, while automatically adjusting based on changes in project plans.

In its announcement, Accelo said the new investment builds on an exceptional year at the company, which experienced a 120-percent increase in user growth and record levels of engagement.