Centage raises $13.5M in Series A

What does Centage do?

Centage, is a leading provider of budgeting and forecasting software for small and medium sized businesses.  This company is taking management and financial planning software to a new level, offering extremely powerful but affordable solutions for public sector organizations and businesses of all sizes. The company offers a total set of tools including financial forecasting, budgeting software and financial reporting software. The company provides forecasting and budgeting software, Budget Maestro, for the small and medium sized businesses. Thousands of managers working at all levels have used the Budget Maestro family of solutions for streamlining their budgeting, financial consolidation, forecasting, reporting processes and performance analysis.

How much Centage was funded?

Centage raised$13.5M in Series A on February 29, 2016 from Northgate Capital and TVC Capital.

Previous funding

• $9.5M in Series A on September 24, 2014 from TVC Capital and Northgate Capital

What is next for Centage

Centage plans to use the latest funding raised for supporting its expansion of the Budget Maestro suite of products and for fuelling the marketing and sales and for continuing its consistent double digit growth graph. The company has achieved prominent milestones over the past 12 months, mainly in the development and deployment of its budgeting software offering.

More about Centage

The company was founded in 2002 by Kamran Sassoon. It has its headquarters in Natick, MA. The company has continual product innovation and enhancements. It offers consumers un-interrupting access to the budgeting, forecasting, planning and analytics suite of products from anywhere through any browser with having to maintain any IT infrastructure. The company’s software, Budget Maestro, is scalable, easy to use, automated budgeting, planning and forecasting application. This software is designed for helping the small to mid market businesses. It automates a lot of error prone and time consuming activities with using spreadsheets for generating accurate budget and forecasts.