Maestro Secures $7.2M in series A Led By S&P Global Market Intelligence
Maestro Secures $7.2M in Series A to Grow Portfolio Management Platform Built for Private Equity
Funding Round Led by Market Data Specialist, S&P and Founding Shareholder, Accordion
NEW YORK — November 10, 2020 — Maestro, the software business focused on maximizing value in private equity-backed companies, today announced that it has completed a $7.2 million Series A round of financing led by S&P Global Market Intelligence. The funding round also includes participation from a consortium of partners from the world’s leading and largest private equity firms, as well as from Accordion, the private equity-focused financial consulting and technology firm that incubated Maestro and remains its largest shareholder.
Formally launched in 2019, Maestro provides PE firms with a tech-enabled approach to value creation and a more strategic, institutionalized, and collaborative way to manage investments from diligence through exit. Maestro will leverage the capital infusion to further scale the company; investing in a targeted and robust talent acquisition strategy focused on adding Enterprise SaaS product leadership, sales and client success professionals, and continuing to build upon its strong engineering team. These talent additions will help solidify the infrastructure to meet Maestro’s ambitious growth plans.
Omar Divina, Maestro’s recently named CEO.
Omar Divina, Maestro’s recently named CEO.
In addition to 45% quarter-over-quarter revenue growth, Maestro continues to expand the composition of its customer base from mid-market firms and their portfolio companies to larger fund sponsors, including a number of mega-funds. Many recent clients have signed on for multi-year contractual commitments and extensions. The company expects demand to increase even further in Q4, corresponding with accelerated deal activity.
Nick Leopard, Accordion CEO and Maestro Co-Founder
Nick Leopard, Accordion CEO and Maestro Co-Founder.