Practice Ignition has raised a USD50m Series C funding round

Practice Ignition has raised  a USD50m Series C funding round  - congrats to Guy Pearson, Dane Thomas, Mark Bartels and the Practice Ignition team. 

 The money is to be used to expand globally- Asia North America and Europe via its strategic partnerships with Gusto, Intuit and Thompson Reuters.

The Investors 

 JMI Equity led the round with support from Tiger Global and Howard Liebman’s EVP, as well as several strategic investors and family office groups.

What Practice Ignition does 

The Practice Ignition platform is a tool for accountants and bookkeepers - and is expanding to other service professionals. Its integrates digital proposals, payments and automated workflows via leading business apps such as Gusto, Xero, QuickBooks and Zapier to streamline service-based commerce

It’s goal is to reshape the professional services industry that does business with its customers through its all-in-one client engagement and commerce solution.

Practice Ignition has more than 1 million clients across six markets and over $2 billion in client revenue under management.

CEOGuy Pearson said

“With the transition of accounting from tax compliance to advisory, this means that the need to deliver engaging, quality customer interactions via technology is critical for closing deals, boosting profitability and winning and retaining clients,”