Thoma Bravo has committed more than $100m in strategic growth capital to HubSync, a leading tax and accounting automation platform serving major CPA firms across North America.

Founded in 2019, HubSync provides an all-in-one platform that streamlines compliance workflows and enhances client experience for accounting professionals. The company has achieved 744% revenue growth between 2020 and 2024 and is used by over 40% of the top 25 accounting firms in the US. It also reported over 100% customer growth in the past year.

The investment will support continued product innovation, accelerate customer success initiatives, and fuel broader market expansion. HubSync CEO John McGowan, who previously held leadership roles at KPMG and Deloitte, said, “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.”

Ross Devor, Partner at Thoma Bravo, noted: “HubSync’s cutting-edge technology and market leadership position it as a standout in the tax and accounting software space.” Dillon Biddiscombe, Vice President at the firm, added, “We’re excited to leverage our operational expertise to support HubSync’s next phase of expansion.”

Kaizen Equity Partners acted as financial advisor and Taft Law served as legal counsel to HubSync. Thoma Bravo was advised by Goodwin.