Enterprise lease accounting software vendor LeaseAccelerator received a $30 million Series B investment from Insight Venture Partners, a New York-based venture capital and private equity firm. In conjunction with the financing, Peter Sobiloff, Insight Venture Partners’ managing director, will join the board, and senior associate Jon Rosenbaum will be a board observer.
According to the company, following a year of record growth in which it tripled revenues and quadrupled its customer base, LeaseAccelerator plans to expand its international operations to better support multinational customers. The company will use the funds to invest in expanded training, technical support, and success programs for its customers, and grow its R&D organization to support a variety of industry-specific use cases.