Valor invested in the first equity financing of LeaseQuery, a Series A led by Goldman Sachs. LeaseQuery is an intuitive approach to lease accounting. This CPA-built and approved platform empowers organizations to have more confidence and ease in their lease accounting processes. LeaseQuery is a FASB ASC 842, IFRS 16, and GASB 87 lease accounting software solution with a “by accountants, for accountants” approach inspired by the founder’s own experience as a lease accounting expert and CPA. Essential features include error-free amortization schedules and journal entries, critical date alert setting, and data entry validation. With LeaseQuery, public and private companies, as well as government organizations, are able to meet auditor and regulatory requirements.
Before LeaseQuery, tedious lease accounting done through Excel sheets was prone to errors that led to non-compliance. Now, LeaseQuery eliminates errors and ensures compliance through SaaS software that generates standard reports and accounting entries.
LeaseQuery has exponentially grown its sales in just five years as it has acquired big-name clients such as Coca-Cola Consolidated, RaceTrac, and RugDoctor. Ranked as one of Atlanta’s fastest-growing companies by the Atlanta Business Chronicle, LeaseQuery is rapidly adding jobs that provide positive opportunities for the Southeast. The company’s rapid growth drives plans to add 200 jobs in the next year.
At Valor, we are inspired by the scrappy, accountants-first approach founder George Azih took to the build the company into the leader it is today, and we look forward to the future the dynamic, growing team is creating today around his vision.