HubSync, an all-in-one tax and accounting platform, has secured an investment of more than $100m from software investment firm Thoma Bravo.

The financial injection is aimed at fuelling HubSync’s strategic growth, enhancing its product development, and improving customer service.

Founded in 2019 and based in Franklin, Tennessee, HubSync focuses on enhancing tax and accounting services through automation.

Its platform offers a suite of tools designed to increase efficiency, accuracy, and streamline workflows for accounting firms and tax professionals.

The company has a customer base that includes major CPA firms in the US and Canada.

Over the past year, HubSync reported over 100% growth in its customer base.

Its notable trajectory includes a 744% increase in revenue from 2020 to 2024, alongside maintaining strong profitability, the company said.

HubSync’s clientele comprises over 40% of the top 25 accounting firms in the US.

Thoma Bravo partner Ross Devor said that John McGowan, the founder and CEO of HubSync, along with “his team have used their deep industry experience to build a platform that meets the critical needs of tax and accounting professionals as they seek to unlock efficiencies and streamline their workflows, as well as elevate customer experience and satisfaction.”

McGowan has over two decades of experience in driving technology and innovation.

His previous roles include chief information officer for global tax at KPMG and leading Tax Technology at Deloitte.

McGowan said: “Thoma Bravo’s expertise in scaling software companies will help accelerate our innovation, expand our industry reach, and enhance the value we deliver to our clients.”

“This investment is a testament to the strength of our platform and team. We look forward to partnering with Thoma Bravo to drive further growth and transformation of the tax and accounting landscape.”