HubSync Funding, Investors & Competitors

HubSync has raised $101M across 2 funding rounds, most recently a $100M undisclosed-stage round in May 2025.

Last HubSync funding round

$100M

Undisclosed stage · May 2025

Cumulative funding HubSync raised

$101M

across 2 funding rounds

Key investors in HubSync

  • Thoma Bravo

HubSync Overview

About HubSync

HubSync is a cloud platform automating tax preparation and accounting for CPA firms in the US. It streamlines workflows with electronic filing via IRS e-file, client portals for document uploads, engagement letter automation, e-signatures, and planning analytics modules. The system integrates with QuickBooks and Thomson Reuters for practice management.


Founded

2019

HQ

United StatesNashville, TN

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

HubSync Funding History

HubSync has raised a total of $101M across 2 funding rounds.

HubSync's first fundraising round was a $1M seed round in January 2020. The most recent completed round was a $100M undisclosed-stage round in May 2025.

HubSync funding rounds

HubSync funding rounds
DateStageInvestorsRaisedDeal Summary
May 2025Undisclosed stageThoma Bravo (lead)$100MHubSync is a Franklin, Tennessee-based tax and accounting automation platform founded in 2019, providing an all-in-one SaaS solution that streamlines compliance workflows, enhances efficiency, and improves client experiences for CPA firms across the US and Canada. The platform automates tax preparation and accounting processes, serving over 40% of the top 25 accounting firms in the United States and demonstrating strong market penetration with more than 100% customer base growth in the past year. On May 5, 2025, Thoma Bravo announced a strategic growth investment exceeding $100 million in HubSync to accelerate its product roadmap, customer service enhancements, innovation, and market expansion. Thoma Bravo, a leading software investor managing over $179 billion in assets as of December 31, 2024, led the round with its expertise in scaling software companies through private equity and growth strategies. HubSync's CEO John McGowan, with prior leadership at KPMG and Deloitte, highlighted the partnership's role in advancing growth and transformation in the tax and accounting sector. HubSync has achieved remarkable traction, including 744% revenue expansion from 2020 to 2024 while maintaining strong profitability, underscoring its robust growth trajectory ahead of the investment. The company reported over 100% increase in its customer base in the last year, positioning it as a leader in modernizing fragmented tax and accounting technology workflows previously reliant on multiple point solutions. Advisors included Kaizen Equity Partners and Taft Law for HubSync, with Goodwin advising Thoma Bravo.
Jan 2020Seed-$1M-

Who has invested in HubSync?

1 investor has backed HubSync across its funding rounds, including Thoma Bravo.

Lead investors include Thoma Bravo.


HubSync Investors

Investors in HubSync by funding rounds participated
InvestorHQRoundsRoleFirst check

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HubSync Competitors

HubSync competitors include listed companies like Miroku Jyoho Service, Intuit, Workday and Corpay, and private ones like Pilot and Ramp.

Public and private companies comparable to HubSync
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PilotUnited StatesSan Francisco, CAPrivate$43M-$1.3B30.5x
Miroku Jyoho ServiceJapanJapanPublicly listed$315M$58M$396M1.1x
IntuitUnited StatesUnited StatesPublicly listed$21B$6.9B$84B3.9x
WorkdayUnited StatesUnited StatesPublicly listed$9.6B$1.2B$48B4.7x
RampUnited StatesNew York City, NYPrivate$1.4B-$44B31.4x
CorpayUnited StatesUnited StatesPublicly listed$4.5B$2.4B$27B6.8x

HubSync Public Comps

HubSync is still privately-owned, but its public comps include SAP, Intuit, Workday, Corpay, UL Solutions, Sage, Xero, Andersen Group, H&R Block and ServiceTitan.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SAP$42B$13B5.8x5.4x18.4x17.1x
Intuit$21B$6.9B4.0x3.9x12.2x9.1x
Workday$9.6B$1.2B5.1x4.7x42.0x14.2x
Corpay$4.5B$2.4B7.6x6.8x14.1x12.7x
UL Solutions$3.1B$695M4.3x4.1x18.8x15.3x
Sage$3.4B$1B4.2x3.9x13.6x14.5x
Xero$1.6B$454M5.3x4.5x18.4x17.4x
Andersen Group$839M($121M)8.6x7.6x(59.9x)29.7x

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Common questions about HubSync

When was HubSync founded?HubSync was founded in 2019.
Where is HubSync headquartered?HubSync is headquartered in Nashville, TN, United States.
Is HubSync publicly listed?No, HubSync is a private, VC-backed company.
How much funding has HubSync raised?HubSync has raised $101M across 2 funding rounds.
What was HubSync's last funding round?HubSync's last funding round was a $100M undisclosed-stage round in May 2025, led by Thoma Bravo.
Who are HubSync's investors?HubSync's investors include Thoma Bravo.
Which companies are comparable to HubSync?Companies comparable to HubSync include Pilot, Miroku Jyoho Service, Intuit, Workday, Ramp and Corpay.

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