iplicit, a London-based cloud accounting software program platform purpose-built for the UK mid-market, has introduced a €29.7 million funding from know-how development investor One Peak.
This new funding marks iplicit’s first exterior institutional funding spherical and might be used to speed up iplicit’s product growth and gas its development.
CEO Lyndon Stickley commented, “This funding marks a pivotal milestone in iplicit’s outstanding journey. Since our launch in 2019, we’ve achieved triple-digit income development yearly for six consecutive years. This new funding will allow us to maintain our momentum, proceed delivering an distinctive expertise for our prospects, and solidify our place because the main cloud accounting answer for the UK mid-market.”
Since its launch in 2019, iplicit has quickly grown to serve over 2,000 organisations, supporting greater than 38,000 each day customers. Based by Ian Andrews, iplicit is a number one cloud-based accounting software program supplier tailor-made for the UK mid-market. Trusted by over 2,000 mid-market organisations throughout the UK and Eire, iplicit helps prospects future proof their monetary operations with a sturdy, intuitive, and cost-effective monetary administration answer.
Stickley added, “With this new funding and our strengthened management crew, iplicit is on observe for one more stellar yr in 2025. We’re not simply aiming to develop into a tech unicorn – we’re set to redefine the accounting software program panorama.”
By delivering the superior performance and efficiency of upmarket methods at a lowered price, mixed with a seamless setup and migration course of, iplicit goals to assist companies future-proof their monetary operations as they develop.
“We’re thrilled to associate with iplicit on its journey to redefine accounting software program for the UK mid-market,” mentioned Humbert de Liederkerke Beaufort , Co-founder and Managing Associate at One Peak. “iplicit’s award-winning, clever, highly effective, and intuitive cloud accounting software program, together with best-in-class buyer help, makes it a standout chief in its class. This funding underscores our perception in iplicit’s means to proceed disrupting the market by delivering transformative worth to prospects who wish to transfer away from legacy on-premises distributors or have outgrown the restricted performance supplied by entry-level accounting software program options. We look ahead to supporting iplicit’s formidable imaginative and prescient and subsequent section of explosive development.”
Stickley added, “The One Peak crew is the most recent addition to our all-star line-up of traders and advisors. We anticipate 2025 to be one other breakthrough yr as we develop our advertising efforts and associate community, recruiting prime Sage and Superior resellers and lots of the UK’s High 50 accounting practices.”
iplicit’s UK-based engineering crew stays devoted to addressing the precise wants of native prospects – a key differentiator, iplicit argues, in a market usually dominated by distributors counting on offshore growth. Stickley highlighted, “Our prospects worth our UK-centric growth and help, alongside the ability, flexibility, and affordability of our cloud software program.”
In accordance with iplicit, they achieved a 113% year-on-year income development in 2024.
