iplicit, the leading cloud accounting software platform purpose-built for the UK mid-market, has announced a £25m investment from leading technology growth investor One Peak. This new investment marks iplicit’s first external institutional funding round and will be used to significantly accelerate iplicit’s product development and fuel its exponential growth.
Born in the cloud, iplicit delivers a state-of-the-art cloud accounting platform specifically tailored for businesses that have outgrown basic entry-level systems or who have grown frustrated with legacy on-premises vendors. By delivering the advanced functionality and performance of upmarket systems at a fraction of the cost and complexity, combined with a seamless setup and migration process, iplicit ensures that businesses can future-proof their financial operations as they grow.
2024 was another landmark year for iplicit, achieving 113% year-on-year revenue growth. The Company’s success was also recognised with multiple accolades, including a spot on the Deloitte UK Technology Fast 50 and an 18th-place ranking among UK businesses in the FT1000 list of Europe’s fastest-growing companies. iplicit also earned a top 10 placement in the Sunday Times ‘Best Places to Work’ awards, highlighting its commitment to fostering an exceptional workplace culture.
This latest investment marks iplicit’s first external institutional funding round, following an impressive journey of self-funded growth.
iplicit’s UK-based engineering team remains dedicated to addressing the specific needs of local customers – a key differentiator in a market often dominated by vendors relying on offshore development.
Since its launch in 2019, iplicit has rapidly grown to serve over 2,000 organisations, supporting more than 38,000 daily users.
