# MasterControl raises $150M, its first outside funding

Source: https://bestqmssoftware.com/news/mastercontrol-raises-150m-series-a/
By Tom Muller, updated October 6, 2026


MasterControl announced on 15 December 2022 "its first ever funding, a $150 million Series A round led by Sixth Street Growth". The round valued the company at $1.3 billion.[^funding]

The release says MasterControl "has grown profitably for nearly 30 years" and "bootstrapped its way to more than $100M in ARR" before taking funding. It calls Sixth Street Growth the company's first external investor.[^funding] MasterControl is privately held, and we found no SEC filings.[^edgar]

Since the round, MasterControl bought Qualer, an asset management software company, in March 2025.[^qualer] In September 2025 it said it had passed $200 million in annual recurring revenue, with more than 1,250 customers in nearly 40 countries.[^arr]

## What it means for buyers

Our [MasterControl review](/reviews/mastercontrol/) notes that the terms set no cap on renewal prices, that you can't reduce licences during a term, and that the last public list prices date from 2019.

[^funding]: [GlobeNewswire via AAP: MasterControl raises $150M Series A](https://www.aap.com.au/aapreleases/globenewswire8714758/). Press release, 15 Dec 2022, checked 1 Oct 2026.
[^edgar]: [SEC EDGAR: company search "mastercontrol"](https://www.sec.gov/cgi-bin/browse-edgar?company=mastercontrol&action=getcompany). Public filings database, checked 1 Oct 2026.
[^qualer]: [MasterControl: MasterControl acquires Qualer](https://www.mastercontrol.com/news/mastercontrol-acquires-qualer/). Vendor press release, 3 Mar 2025, checked 1 Oct 2026.
[^arr]: [MasterControl reaches $200M ARR](https://www.mastercontrol.com/news/mastercontrol-reaches-200m-arr/). Vendor press release, 4 Sep 2025, checked 30 Sep 2026.