IGM Technology, a Toronto, Canada-based provider of financial software to state and local governments, received an investment from Lead Edge Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate growth through investments in product and operations.
Led by Founder and CEO Isaac Gleicher, IGM provides a cloud-based platform, Gravity, that is used by governments and enterprises to comply with complex regulatory reporting and transparency requirements. Its software reduces the operational burden of compiling budgets, annual comprehensive financial reports, financial reconciliations, and other financial reporting processes through native integrations and process automation.
The demand for IGM’s financial reporting and budgeting software has increased in recent years, leaving substantial room for continued market adoption.
FinSMEs
25/06/2024