Private equity firm Bregal Sagemount has led a $40 million investment in Accela Inc.
Accela, headquartered in San Ramon, Calif., provides civic engagement services for government agencies. The services use cloud technology to allow government workers to engage with their agencies around the clock.
The company will use the funds to accelerate growth and make strategic acquisitions.
New York-based Bregal has about $500 million in committed capital. The firm makes investments between $15 million and $150 million. In September, the firm invested in Network Merchants LLC, an e-commerce payment service company. Also in September, Bregal bought Netrada North America, which also provides e-commerce services.