CHARLOTTE, NC – On August 4, 2022, DebtBook, a leading debt and lease management software company, closed a $7.5 million Series A round led by Elephant Partners.Previous investors, Meeting Street Capital and CreativeCo, also participated in the round.
Based in Charlotte, DebtBook helps finance teams in local government, higher education, and healthcare manage their debt and leases in the cloud, driving efficiency, collaboration, transparency, and informed decision-making within their organizations. Built by the industry and for the industry, DebtBook enables organizations to easily implement new accounting standards, such as GASB-87 and GASB-96, and maintain ongoing compliance.
This investment will help accelerate the delivery of DebtBook's product roadmap and provide additional resources for DebtBook’s product and client success teams to continue their commitment to a best-in-class customer experience.
“We're excited to partner with Elephant and look forward to the many ways their investment will help us better serve our customers as we continue to scale,” said Tyler Traudt, CEO and Co-Founder of Debtbook.
About DebtBook
Built for local governments, nonprofits, and similar organizations, DebtBook empowers finance teams to manage and track debt and leases in the cloud, automatically generate year-end financial reports following the latest accounting standards, and easily collaborate with internal teams and external partners. For more information, visit: https://www.debtbook.com/
About Elephant Partners
Elephant is a venture capital firm focused on the enterprise software, consumer internet, and mobile markets. To learn more about Elephant VC, please visit: https://elephantvc.com/
Media Inquiries:
Liz Speier
VP of Marketing
liz.speier@debtbook.com
