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Proven Optics Receives Growth Investment Led By Silversmith Capital Partners

Dec 06, 2022•over 2 years ago
ColumbusInformation Technology

Investors

Silversmith Capital PartnersFinancial Management

Description

Proven Optics, a practitioner-founded Financial Management software company, today announced that is has secured a majority growth investment led by Silversmith Capital Partners, a Boston-based growth equity firm. The investment marks the first time the profitable, founder-led company has raised outside capital and was made from Silversmith's fourth growth equity fund, a $1.3 billion fund raised in July 2022. Silversmith has served as the first institutional investor in numerous other leading DevOps platforms, including Appfire, Gearset, and PDFTron.

Company Information

Company

Proven Optics

Location

Columbus, Ohio, United States

About

Financial Management. Proven Optics help clients in both IT and finance organizations implement financial management toolsets on SaaS platforms that leverage 20+ years of practitioner experience and 100+ Commercial and Federal implementations. Solutions enable financial management modernization to provide IT and Finance leaders with the necessary analytics and insights to make better business decisions.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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