Cloud accounting software platform iplicit has received a 拢25m investment from tech growth investor One Peak.
This new investment is iplicit鈥檚 first external institutional funding round and will be used to accelerate its product development and fuel its growth.
The London-based business delivers a cloud accounting platform specifically tailored for companies that have outgrown basic entry-level systems.
iplicit says it ensures that businesses can future-proof their financial operations as they grow.
鈥淭his investment marks a pivotal milestone in iplicit鈥檚 remarkable journey. Since our launch in 2019, we鈥檝e achieved triple-digit revenue growth annually for six consecutive years,鈥� said iplicit CEO Lyndon Stickley.
鈥淭his new funding will enable us to sustain our momentum, continue delivering an exceptional experience for our customers, and solidify our position as the leading cloud accounting solution for the UK mid-market.鈥�
Humbert de Liederkerke Beaufort, co-founder and managing partner at One Peak, added: 鈥淲e are thrilled to partner with iplicit on its journey to redefine accounting software for the UK mid-market.鈥�
Since its launch in 2019, iplicit has rapidly grown to serve over 2,000 organisations, supporting more than 38,000 daily users.
The company achieved 113% year-on-year revenue growth in 2024 and placed 18th in the FT1000 list of Europe’s fastest-growing companies.
These milestones were achieved during a time when the company had received no external investment.
Stickley continued: 鈥淲ith this new investment and our strengthened leadership team, iplicit is on track for another stellar year in 2025.
鈥淲e鈥檙e not just aiming to become a tech unicorn 鈥� we鈥檙e set to redefine the accounting software landscape.鈥�
Why is boohoo founder鈥檚 son paid 拢2m for 鈥榗onsultancy services鈥�?