Cradle Inc.

Cradle Inc. is a cloud-based lease accounting solution that automates ASC 842 & IFRS 16 financial reporting requirements. The company, founded in 2019 and headquartered in Canada, offers a Lease Accounting solution specifically designed to orchestrate and accelerate lease accounting compliance for ASC 842, IFRS 16, GASB 87, and GASB 96. Cradle provides tools that work in unison to manage and meet financial reporting requirements under the new lease accounting standards. By embedding process standardization and leveraging accounting automation technology, Cradle becomes a web-based command center from which organizations can manage and account for their entire lease portfolio. Cradle's focus on compliance and financial reporting, coupled with its automation and process standardization, positions it well within the SaaS industry. Although specific details about the last investment and investors are not available at this time, Cradle's innovative approach to lease accounting and its potential impact on financial reporting make it an intriguing prospect for venture capital firms considering investments in the burgeoning SaaS sector.