Engagement — Platform Due Diligence
Code & Co. advises One Peak on Tech & Product Due Diligence ahead of its investment in iplicit, a leading cloud accounting software platform purpose-built for the UK mid-market.
Iplicit, provider of a cloud accounting software platform purpose-built for the UK mid-market, has announced a £25 million 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.
Scope of work
Code & Co. assessed iplicit’s platform, including a review of its software architecture, infrastructure, technology stack, scalability, and security. Additionally, Code & Co. analyzed the product roadmap, AI/ML strategy, and product operations including integration capabilities, customer onboarding and customer support. Furthermore, iplicit’s engineering team, software development lifecycle, and quality assurance processes were assessed.
About iplicit
iplicit is the leading cloud-based accounting software provider tailored for the UK mid-market. Trusted by over 2,000 mid-market organisations across the UK and Ireland, iplicit helps customers future-proof their financial operations with a robust, intuitive, and cost-effective financial management solution.
To learn more, visit www.iplicit.com
About One Peak
One Peak is a leading specialist growth equity firm with $2 billion in assets under management that invests in technology companies in the scale-up phase. One Peak provides growth capital, operating expertise, and access to its extensive network to exceptional entrepreneurs, with a view to help transform innovative and rapidly growing businesses into lasting, category-defining leaders. In addition to Akur8, One Peak’s investments include Ardoq, Coro, Cymulate, Deepki, Docplanner, Keepit, Lucca, Neo4J, Pandadoc, Spryker, and many more. To learn more, visit www.onepeak.tech.