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Beacon Software raises $225 million in Series C funding led by General Catalyst and HarbourVest Partners to acquire more niche software businesses and enhance its AI solutions.
PRIVATEJun 09, 2026•2 months ago
Amount Raised
$225 Million
Round Type
Series C
TorontoSoftwareArtificial Intelligence
Investors
Intrepid Growth PartnersHarbour Vest PartnersGeneral Catalyst
Description
Toronto-based Beacon Software has secured $225 million USD in Series C financing to continue its acquisition spree and advance the development of its AI operating stack. The round was led by existing investors General Catalyst and HarbourVest Partners, with support from Intrepid Growth Partners. Since launching in 2024, Beacon has acquired over 30 businesses, leveraging AI enhancements for profitable software firms. The company emphasizes modernization opportunities in overlooked sectors.
Company Information
Company
Beacon Software
Location
Toronto, Ontario, Canada
About
Beacon Software is a holding company that acquires smaller software businesses and uses artificial intelligence to transform them. It targets self-funded firms serving ‘Main Street’ customers in sectors often overlooked by major tech investors. Beacon's unique approach emphasizes permanent ownership and reinvestment in growth, contrasting with traditional private equity models. Founded by industry veterans, the company aims to modernize traditional industries through technology and strategic partnerships.
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TorontoSoftwareArtificial Intelligence