accessiBe first raised $500,000 from private investors including Nadav Dakner, Elad Mor, Itai Elizur, Oron Yaffe.
[18][19][20][21] In February 2021, closed its series A funding with $28 million from K1 Investment Management, a Los Angeles-based private equity firm investing primarily in software and technology private companies across North America, took a minority stake in accessiBe Systems Ltd. with intentions to help accessiBe to expand in North America.
[1][22][23][24] By February 2021, accessiBe's annual recurring revenue has shown a growth of more than 3.5x in 12 months, which led to additional funding from K1, totaling $28 million.
[25] Company leaders have announced that they are planning to use the funds to significantly expand its US presence, grow its R&D department and continue educating the market on the importance of web accessibility.
[35][36] As of 2020, there have been around 100 lawsuits against companies after they invested in a widget-based solution,[37] most prominently ADP,[38] and two have named accessiBe specifically: Thomas Klaus and Robert Jahoda v. Upright Technologies,[39] and Kolesar v. Bylt, LLC.