Bregal Sagemount Invests in Software Maker Corcentric
The $80 million in growth funding represents a first for the business payments company
Growth-equity firm Bregal Sagemount has committed $80 million to Corcentric LLC, a software company whose products help businesses make purchases and process payments.
The deal—which represents a minority investment by New York-based Bregal—is the first outside institutional capital invested in Corcentric. The transaction closed last Friday.