Shea & Company Advises Lead Edge Capital on its Strategic Growth Investment in IGM Technology
IGM Technology Profile
- IGM Technology is a leading disclosure, budgeting and reporting platform assisting state and local governments to comply with reporting and transparency requirements
- IGM Technology’s flagship solution, Gravity, helps financial professionals, including CFOs, auditors, budget analysts and finance directors, to efficiently and accurately produce financial reports, manage departmental budgets and streamline finance department workflows
- IGM Technology was founded in 2014 and is headquartered in Toronto, Ontario
Lead Edge Capital Profile
- Lead Edge Capital is a leading growth stage investment fund that seeks to accelerate growth in its portfolio companies by leveraging its global advisory group to connect its companies with customers, partners, talent and advisors
- Lead Edge Capital has raised $5 billion of capital since inception and has investments across the internet, software, consumer and tech-enabled services sectors
- Lead Edge Capital was founded in 2011 and has offices in New York City, NY and Santa Barbara, CA
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IGM is addressing a critical and underserved market where thousands of government agencies and organizations with complex reporting requirements are currently using in-house or manual processes. IGM is the leading provider of software that automates the disclosure, budgeting and reconciliation processes and is exceptionally positioned to meet the needs of these organizations. We are excited to partner with Isaac and support the company as it accelerates product innovation and growth
Dan Lynn
Partner, Lead Edge Capital
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IGM Technology is committed to helping our clients automate mission-critical financial reporting requirements through best of breed software technologies. At the core of Gravity is a complex multidimensional financial model, which enables our clients to build automated reports and glossy budget books instantaneously and comply with complex and evolving regulatory standards. Since founding the company several years ago, we have assembled a world class team and developed a market leading solution. With this investment from Lead Edge Capital we are excited to redouble our investments in team and product to support our rapidly growing base of customers
Isaac Gleicher
CEO, IGM Technology
- Lead Edge Capital’s strategic growth investment in IGM Technology was announced on June 25, 2024; financial terms were not disclosed
- Shea & Company served as the exclusive financial advisor to Lead Edge Capital on the transaction