Embrace Software Inc. (Embrace), which acquires and invests in niche vertical-SaaS and on-premise software, today announced a $10 million equity investment from notable investors Singh Capital Partners (“SCP”), R3 Funds and continued support from their largest investor, Jed McCaleb. This is in addition of over $80M in capital available through Embrace’s acquisition facility.
Mohan Plakkot, CEO of Embrace Software, remarked, “The acquisition opportunities we’re seeing far outweigh our capital. This funding round places us on a trajectory to double by the end of 2024, paving the way for our global expansion.”
Plakkot further added, “We are proud of our outstanding teams, partners, and investors. This new cohort of investors raises the bar even higher.”
“We are eager to see how Embrace will capitalize on the company’s current momentum with this injection of fresh capital. Unlike other software aggregators who follow typical private equity playbooks, Embrace’s ability to revitalize organic growth in their acquisitions through efficient investments in the underlying software products has produced outstanding results. SCP is proud to have supported the business since its inception and is pleased to have the opportunity to continue to show our commitment to Embrace through our participation in this fundraise.” Manpreet Singh, SCP.
“Embrace’s execution since inception has been outstanding. Their discipline and drive to build leading software businesses, while preserving the legacy of founders, bodes well for the future. We’re excited to be value added partners for the long-haul.” Robert Brown, R3CS Fund.
In an era where massive capital raises often denote success, Embrace distinguishes itself by prioritizing efficient capital allocation both in fundraising and acquisitions. This approach comes without a compromise in growth; as the company continues to experience hypergrowth while generating meaningful free cash flow.
About Embrace Software Inc.
Embrace acquires and invests in niche software that provides industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.
