DebtBook Closes $12.5 Million Series A-1 Round Led by Elephant Partners

DebtBook, the public sector’s leading debt, lease, and subscription management software company, closed a $12.5 million Series A-1 round led by Elephant Partners, with support from Meeting Street Capital and CreativeCo.

Based in Charlotte, DebtBook helps finance teams in local government, higher education, and healthcare manage their debt, leases, and subscriptions in the cloud, allowing them to drive efficiency, collaboration, and transparency within their organizations. Built by and for the public sector, DebtBook’s powerful platform simplifies debt, lease, and subscription management, ongoing compliance, and financial reporting, including the implementation of new accounting standards like GASB 87 and GASB 96.

This investment will help accelerate the delivery of DebtBook’s product roadmap to continue to deliver a best-in-class customer experience and to provide modern, elegant solutions to public sector finance teams across the country.

“Our public sector customers wake up every day trying to figure out how to deliver their communities’ most important projects in the face of shrinking budgets and shifting regulatory requirements,” said Tyler Traudt, CEO and Co-Founder of DebtBook. “At DebtBook, we wake up every day excited by the challenge of delivering world-class software that empowers these public servants to do their best work. This investment will accelerate our ability to deliver on our promise to build the modern tools the public finance industry deserves.”