Ignition Overview

  • Year Founded
  • 2011

Year Founded

  • Status
  • Private

  • Employees
  • 180

Employees

  • Latest Deal Type
  • Debt

  • Latest Deal Amount
  • $15M

  • Investors
  • 20

Ignition General Information

Description

Developer of a proposal management software intended to automate the elements of the accounting process. The company's software automates the creation and acceptance of legal engagement documents to offer real-time quotes by permitting customers to accept recurring and one-off payments directly on the proposal, enabling clients to automatically raise and reconcile the invoice as well as send that invoice to the customers every single month.

Contact Information

Website
www.ignitionapp.com
Formerly Known As
Practice Ignition
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Level 7
  • 54-66 Wentworth Avenue
  • Surry Hills, New South Wales 2010
  • Australia
+61 (02)
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Vertical(s)
SaaS, FinTech
Corporate Office
  • Level 7
  • 54-66 Wentworth Avenue
  • Surry Hills, New South Wales 2010
  • Australia
+61 (02)

Ignition Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Ignition Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
12. Debt - General 25-Aug-2023 $15M Completed Generating Revenue
11. Later Stage VC (Series E) Completed Generating Revenue
10. Later Stage VC (Series D) Completed Generating Revenue
9. Later Stage VC (Series C) 17-Nov-2021 Completed Generating Revenue
8. Debt - General 10-Mar-2021 Completed Generating Revenue
7. Later Stage VC (Series B) 13-Sep-2019 Completed Generating Revenue
6. Later Stage VC (Series A) 29-May-2017 Completed Generating Revenue
5. Seed Round 06-Jan-2015 Completed Generating Revenue
4. Seed Round 01-Dec-2014 $1.24M $3.43M Completed Generating Revenue
3. Seed Round 21-Feb-2014 $650K $2.19M Completed Generating Revenue
To view Ignition’s complete valuation and funding history, request access »

Ignition Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series E
Series D
Series C
Series B 483,648 $1.37 $1.37 1x $1.37 3.93%
Series A 743,038 $1.34 $1.34 1x $1.34 6.04%
To view Ignition’s complete cap table history, request access »

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Ignition Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a proposal management software intended to automate the elements of the accounting process. The company's s
Financial Software
Surry Hills, Australia
180 As of 2023

Manchester, United Kingdom
 

San Francisco, CA
 
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Ignition Competitors (5)

One of Ignition’s 5 competitors is GoProposal, a Corporate Backed or Acquired company based in Manchester, United Kingdom.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
GoProposal Corporate Backed or Acquired Manchester, United Kingdom
PandaDoc Venture Capital-Backed San Francisco, CA
FreshBooks Venture Capital-Backed Toronto, Canada
Proposify Private Equity-Backed Dartmouth, Canada
Canopy (Business/Productivity Software) Venture Capital-Backed Draper, UT
You’re viewing 5 of 5 competitors. Get the full list »

Ignition Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Ignition Investors (20)

Investor Name Investor Type Holding Investor Since Participating Rounds
JMI Equity PE/Buyout Minority
Angel (individual) Minority
Angel (individual) Minority
Tiger Global Management Venture Capital Minority
Black Sheep Capital Venture Capital Minority
You’re viewing 5 of 20 investors. Get the full list »

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Ignition FAQs

  • When was Ignition founded?

    Ignition was founded in 2011.

  • Where is Ignition headquartered?

    Ignition is headquartered in Surry Hills, Australia.

  • What is the size of Ignition?

    Ignition has 180 total employees.

  • What industry is Ignition in?

    Ignition’s primary industry is Financial Software.

  • Is Ignition a private or public company?

    Ignition is a Private company.

  • What is Ignition’s current revenue?

    The current revenue for Ignition is .

  • How much funding has Ignition raised over time?

    Ignition has raised $133M.

  • Who are Ignition’s investors?

    JMI Equity, , , Tiger Global Management, and Black Sheep Capital are 5 of 20 investors who have invested in Ignition.

  • Who are Ignition’s competitors?

    GoProposal, PandaDoc, FreshBooks, Proposify, and Canopy (Business/Productivity Software) are competitors of Ignition.

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