Battery Ventures and Newforma Acquire EleVia Software
Battery Ventures, a global, technology-focused investment firm, and Newforma announce the acquisition of EleVia Software (EleVia), a financial software company for the architecture and engineering vertical market.
Founded in 2016, EleVia delivers and supports software that facilitates key financial and operational processes for the architectural and engineering markets with software modules for electronic invoicing, payables approval and tracking, A/R management and collections, forecasting, and more. These modules improve cash flow, automate tasks, improve productivity, reduce operating costs, and provide valuable insight into project performance and profitability.