Wave Accounting Raises $5 Million In Series A

Wave Accounting Inc. has just closed $5 million in financing, in a Series A round led by�Charles River Ventures, with the participation of OMERS Ventures. The financing will be used by the company to continue the development of its free online accounting software for small businesses and market it internationally. Wave is a completely free (not freemium, but free) accounting package that supports itself through offers.�When a user is logged into their Wave account, there's a section called "Business Savings." This screen features offers for business-related needs like business cards, web hosting, credit card processing services and more.�American Express, Dell and Grand & Toy are among several dozen advertising partners to date.

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