DebtBook Closes $12.5M Series A-1 Funding

DebtBook, a Charlotte, NC – based public sector’s leading debt, lease, and subscription management software company, closed a $12.5m Series A-1 funding.

The round was led by Elephant Partners, with participation from Meeting Street Capital and CreativeCo.

The company intends to use the funds to accelerate the delivery of its product roadmap.

Led by Tyler Traudt, CEO and Co-Founder, 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 for the public sector, DebtBook’s 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.