LeaseCrunch, a Milwaukee-based SaaS company that provides software for the lease accounting industry, announced that it received a capital investment from Aquiline Capital Partners for an undisclosed amount.
The New York-based venture capital firm was founded in 2005. According to Pitchbook, the firm has 69 companies in its active portfolio and its median deal size for its 2023 investments was $15 million.
Since its launch in 2016, the company has experienced steady and continual growth. In March 2023, LeaseCrunch reported that 500 CPA firms (including 43% of the top 400 CPA firms as ranked by Inside Public Accounting) and 15,000 companies across the nation were using its lease accounting software. Since then, those numbers have grown to more than 600 CPA firms and 24,000 companies using the SaaS product.