Embrace Software Inc., a Tampa-based software company, has received $10 million in funding.
Embrace Software announced the equity funding in a release on Sept. 11. The round had three participants: Maryland-based Singh Capital Partners, R3 Funds and “continued support” from investor Jed McCaleb, according to a release and a U.S. Securities and Exchange Commission filing. The aggregator company acquires and invests in software, specifically “niche vertical ‘software-as-a-service’ and on-premise software.”
The company did not respond to requests for comment.
“The acquisition opportunities we’re seeing far outweigh our capital. This funding round places us on a trajectory to double by the end of 2024, paving the way for our global expansion,” Mohan Plakkot, the CEO of Embrace Software, said in a release.
Embrace has raised more than $100 million in funding, according to past releases. In December 2021, it raised $100 million in credit from Miami-based CoVenture, and it previously raised $20 million in equity fundraising.
It has acquired nine companies, according to its website.
