Centage Corporation Completes Series A Funding for $13.5 Million

Centage Corporation, a provider of budgeting and forecasting software for small and medium-sized businesses, has completed its Series A funding for $13.5 million from TVC Capital.
According to the press release:

Also participating in the round was Northgate Capital, a global private equity and venture capital investment firm. The latest infusion of cash will help to support continued expansion of the Budget Maestro suite of products and fuel sales and marketing to continue the company’s consistent double digit growth trajectory.
Over the last 12 months, Centage has achieved significant milestones, most notably in the ongoing development and deployment of its cloud-based Budget Maestro offering. Designed to offer customers seamless access to the budgeting, planning, forecasting, and analytics suite of products, from anywhere via any web browser, without maintaining any IT infrastructure, Budget Maestro for the cloud accounted for over 50 percent of all sales in Q4 2015. With powerful built-in business and financial logic, Budget Maestro offers a sophisticated but easy-to-use budgeting and planning solution — either on premise or in the cloud — designed for productivity, confidence, and insight into financial operations.

Click here to read the full press release.