The Charlotte-based software firm DealCloud has completed a round of financing totaling $4.5 million that the company says will help fund its “continued rapid growth.”
DealCloud is an online platform specializing in streamlining mergers and acquisitions. In a statement, the firm said Monday that the financing was led by Cultivation Capital FinTech and Hamilton Lane. All existing DealCloud investors also participated in the latest investment, the firm said.
In its offices in Charlotte and Hoboken, N.J., DealCloud currently employs about 50 people, more than twice the size of its workforce last year. Last summer, the company moved into a new space at 129 W. Trade St. after operating out of Industry Coworking for about a year.
Rob Cummings and Ben Harrison had worked together at Falfurrias Capital Partners, the Charlotte private equity firm co-founded by former Bank of America CEO Hugh McColl Jr., before launching DealCloud in 2010.
Last year, when DealCloud completed a round of growth financing totaling $5.3 million, the company also announced Rick Kushel as its new CEO. Kushel works out of the Hoboken office.