03 Mar Clarus R+D Receives Growth Equity Investment from Bandon Partners
COLUMBUS — Clarus R+D, LLC is pleased to announce that it has completed its latest round of funding for a combined total of $2M in growth equity investment. Clarus R+D is proud to welcome as one of the key new investors Bandon Partners, a San Francisco-based private equity fund focused on investing in SaaS + data, marketplace, and mobile software companies. The investment provides Clarus R+D with growth capital to further develop the Clarus R+D SaaS-based accounting cloud solution, and expand its network of CPA partners. The new investment round will enable Clarus R+D to continue to build on its position as a leader in R&D tax credit software.
“Bandon recognizes our position as the leading SaaS R&D tax software provider for helping startups and SMBs claim non-dilutive capital to grow their companies, as well as partner with financial firms to simplify R&D studies for their clients,” said Jeff Haskett, Co-Founder and President of Clarus R+D. “We are thrilled to find a like-minded partner positioned to help us continue on our growth journey. We look forward to working alongside Bandon to expand and enhance our current product for customers and partners.”
Customer Sham Mustafa, Co-Founder and CEO of Correlation One states, “The R&D program is an immensely valuable resource that can help your business innovate and grow. Continuously investing in the best technology and research talent is a critical part of our business. The Clarus R+D team is exceptional. We could not have found a better partner to help us navigate this complex credit.”
David Grove, founder of Bandon Partners, believes in the mission of Clarus R+D. “They create the connection between entrepreneurs and incentive programs for them to hire talent and develop innovative technologies. We think that investment incentives will be critical to the US investment in human capital and technology. We are proud to partner with Jeff and the Clarus team. We believe the company is poised to be a critical player in the emerging accounting cloud and will help to fuel the next wave of innovation.”
About Clarus R+D
Founded in 2016, Clarus R+D simplifies the process of claiming R&D tax credits, ensures compliance, and reduces overall cost for R&D studies via a SaaS platform. For both customers and partners, the software streamlines data gathering, produces defensible documentation, decreases complexity, and reduces fees. With over 400 customers, Clarus R+D is headquartered in Columbus, Ohio. For more information, please visit https://clarusrd.com.
About Bandon Partners
Bandon Partners is a private equity fund focused on making equity investments in lower middle market vertical SaaS + data, marketplace, and mobile software companies located primarily in the United States and Canada. Bandon partners with founders and management teams in key vertical sectors to provide growth capital and strategic guidance with the objective of increasing enterprise value. Over the course of 20 years and hundreds of deals, Bandon has built market credibility with an extensive network of partners, advisors, private equity sponsors, and strategic acquirers. Their extensive experience and award-winning track record enable Bandon to identify market trends and opportunities, negotiate and close transactions, and add value post-closing. For more information, please visit http://bandonpartners.com.