Unified Automation Provider Liongard Raises $17 Million

Liongard, which provides a unified automation platform to MSPs, has closed $17 million in Series B funding.

Updata Partners led the funding round. This new investment brings the unified automation company’s total funding to nearly $23 million over the last three years.

Vincent Tran is COO and co-founder of Liongard. He said the new funding allows the company to “double down” in a couple of areas.

Liongard’s Vincent Tran

“On the product side, for example, we will continue to develop our platform’s capabilities. [That] includes giving partners increased control in how they use the software to best suit their specific needs,” he said. “We also will increase investment in areas focused on partner success and partner support to ensure our customers are fully leveraging the platform’s capabilities to drive their own businesses forward.”

Liongard serves MSPs, IT companies and VARs in more than 20 countries. It saw triple-digit customer growth over the past 18 months.

Partner Feedback

“Partner feedback drives our path forward,” Tran said. “The ideas and suggestions that come from our partners inform our decisions about how to improve our platform. To ensure everyone’s voice is heard, we offer partners several ways to communicate with our team.”

Tran says those ways include an active Slack network where partners interact with the company and each other. And there’s a partner idea portal to submit suggestions, plus interactive webinars and one-on-one conversations as well.

This new funding allows Liongard to respond to partners’ ideas “even faster,” he said.

Liongard Roar is the company’s platform. It enables MSPs to automatically document, audit and secure their clients’ systems from cloud and network to on-premises environments and beyond.

Partners, Tran says, want more control over the platform to adapt it to best meet their needs.

“We’ve already added some capabilities for partners, such as having the ability to create their own alerts against things that are occurring in their client’s environments. Going forward, we will continue to expand their ability to customize so that they can take as much control of the platform as they see fit. Many of our partners tell us they could not scale their MSP practice without our platform. It is this theme that drives our road map today and will continue to in the future.”

“Liongard has recognized an industry gap and addressed the need for greater visibility in how systems are managed,” said Carter Griffin, general partner at Updata Partners. “The team created a valuable solution for MSPs, making the company an excellent investment opportunity for Updata.”

Liongard has a lot going for it, Griffin said.

“The combination of Liongard’s in-demand platform, strong market presence, robust road map for ongoing growth and strong leadership team point to a company well-positioned for ongoing success,” Griffin noted.