Bow River Capital Makes Majority Investment in Accelo

Bow River Capital / Accelo Add-on Acquisition of Forecast

July 22, 2025

Cloud & SaaS

Bow River Capital's Software Growth Equity Team has completed an add-on acquisition of UK-based Forecast for Accelo, its Professional Services Automation (PSA) platform company. The combination brings Forecast's AI-powered project and resource management capabilities into Accelo, strengthening product roadmap, predictive planning, and Accelo's presence across Europe and other global markets.

Accelo Acquires Forecast, an AI-Enabled SaaS PSA Platform

July 22, 2025

Cloud & SaaS

Accelo, a Denver-based cloud Professional Services Automation (PSA) provider, has acquired UK-based Forecast, an AI-powered project and resource management SaaS platform. The deal expands Accelo’s AI-driven planning and resource-optimization capabilities and strengthens its presence in the UK and European markets, backed by growth capital from Bow River Capital and support from Level Equity.

Bow River Capital Makes Majority Recapitalization Investment in HRSoft

September 13, 2022

Cloud & SaaS

Bow River Capital's Software Growth Equity team has made a majority-controlled recapitalization investment in HRSoft to accelerate the build-out of its full HCM application suite, scale operational infrastructure, and support profitable growth. As part of the transaction, Bow River fund managers John Raeder, Maitlan Cramer, and Sean O'Connell joined HRSoft's board; CIBC Innovation Banking provided debt financing and JMP Securities served as exclusive financial advisor to HRSoft.

Bow River Capital Completes Majority Investment in CloudShare

April 14, 2025

Cloud & SaaS

Bow River Capital’s Software Growth Equity team has completed a majority platform investment in CloudShare, a San Francisco–based SaaS provider of AI-guided virtual labs and technical training solutions. The investment will support CloudShare’s global growth, infrastructure scaling, and accelerated AI-driven product innovation while founder Dr. Zvi Guterman remains CEO and joins a newly formed board with Bow River representatives.

Bow River Capital Majority Recapitalizes Altvia

July 14, 2020

Cloud & SaaS

Altvia, a SaaS provider of CRM and investor & deal management systems for private capital firms, completed a majority recapitalization with Bow River Capital's 2019 Software Growth Equity Fund. The transaction will keep Altvia's management team in place and provide capital and operating expertise to accelerate product innovation and scale the business.

Francisco Partners Makes Strategic Growth Investment in Accela

September 6, 2023

Government & Public Sector

Accela, a provider of cloud-based government software, received a strategic growth investment from Francisco Partners while Berkshire Partners remains a significant, equal equity investor. The undisclosed capital will be used to accelerate Accela's product and market growth as the company expands its civic cloud platform for state and local governments.