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Netgain helps accounting and finance teams streamline operations and reclaim time:without ever leaving NetSuite. Their SuiteApps eliminate cumbersome manual work, disconnected tools, or custom integrations.
Netgain Solutions has raised $35.0M across 1 funding round.
Netgain Solutions has raised $35.0M in total across 1 funding round.
Netgain Solutions has raised $35.0M across 1 funding round. Most recently, it raised $35.0M Series B in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2024 | $35M Series B | — | AlpInvest Partners, Nasdaq Ventures, Summit Partners | Announced |
Netgain Solutions has raised $35.0M in total across 1 funding round.
Netgain Solutions's investors include AlpInvest Partners, Nasdaq Ventures, Summit Partners.
Netgain Solutions is a technology company that develops NetSuite-native accounting software to automate complex financial processes for accounting teams. Its products, such as NetClose for month-end close, NetCash for bank reconciliations, NetFixedAssets for asset management, NetLease for lease accounting, NetLoan for loan management, and SuperSync for integrations, serve NetSuite users by eliminating manual tasks, ensuring compliance (e.g., ASC 842), and providing audit-ready controls.[1][2][4] The company targets finance and accounting professionals at businesses of all sizes, solving inefficiencies like spreadsheet reliance, error-prone reconciliations, and slow closes to enable faster reporting and strategic decision-making.[2][4] With strong growth momentum, including a $35M funding round led by Summit Partners in 2025, Netgain is scaling product development and team expansion while maintaining revenue under $5M and around 75 employees.[3]
Netgain Solutions was founded in 2018 by Adam Riches and Nathan Smart, both former Big 4 accountants who progressed to roles as auditors, controllers, and finance managers.[2][3] Their idea emerged from hands-on experience with month-end closes and general ledger management, particularly Adam's discovery of NetSuite's unified database power, inspiring them to build native solutions for persistent accounting pain points.[2] Headquartered in Englewood (Littleton area), Colorado, the company quickly gained traction by addressing real-world needs like lease compliance and fixed assets, culminating in a pivotal $35M funding round led by Summit Partners, which added Managing Director Greg Goldfarb to the board.[3]
Netgain stands out in technical accounting software through these key strengths:
Netgain rides the wave of cloud ERP modernization, particularly NetSuite's dominance in mid-market finance, amid rising demands for automation in a complex regulatory environment (e.g., lease/loan standards).[1][2] Timing is ideal as finance teams face talent shortages, manual process bottlenecks, and audit pressures post-economic volatility, with market forces like AI-driven accounting and integrated stacks favoring native tools over bolt-ons.[1][4] By empowering NetSuite users—often scaling startups and enterprises—Netgain influences the ecosystem by standardizing efficient closes, boosting data-driven decisions, and enabling agility in fintech-adjacent sectors.[2][3]
Netgain is poised for accelerated growth, leveraging its $35M raise to deepen NetSuite-native innovations like AI-enhanced reconciliations and expanded integrations amid booming demand for compliant automation.[3][4] Trends such as regulatory evolution, ERP consolidation, and finance-as-strategic-partner will propel it, potentially capturing more of NetSuite's ecosystem as teams prioritize efficiency over headcount. Its ex-Big 4 roots and audit focus position it to evolve from specialist to indispensable toolkit, transforming accounting from cost center to value driver—just as its founders envisioned when simplifying their own closes.
