Francisco Partners Makes Strategic Growth Investment in Accela

September 6, 2023

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.

Buyers
Francisco Partners, Berkshire Partners
Targets
Accela
Location
California, United States
Transaction Type
Growth capital

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