CALGARY, AB — December 3, 2025 — Black Owl Systems, a leading provider of enterprise lease accounting automation, today announced the closing of a new financing round led by Graphite Ventures, a venture capital fund with $500M AUM specializing in B2B enterprise software, with participation from Metiquity Ventures and several respected finance leaders. The capital will support Black Owl’s rapid expansion across North America as CFOs continue to modernize their compliance and reporting workflows under IFRS 16 and ASC 842.

Lease accounting becomes significantly more challenging once organizations manage 50 or more leases, where spreadsheets and legacy tools often fail to support multi-entity structures, subleases, FX impacts, and asset diversity. Black Owl is increasingly becoming the preferred platform for large enterprises that require high accuracy and transparency. Many organizations with fewer leases are also adopting Black Owl to streamline workflows, reduce workload, and ensure audit-ready compliance with accounting standards.

“CFOs are asking for solutions that reduce operational risk, shorten reporting cycles, and provide immediate clarity across hundreds or thousands of leases,” said Craig Leonard, General Partner at Graphite Ventures. “Black Owl enables finance teams to produce fully compliant outputs with a single click, regardless of the underlying ERP. That kind of precision and control is transformative for modern finance organizations.”

Black Owl customers report up to an 80% reduction in time spent on lease accounting, material decreases in audit fees, and far smoother month-end and year-end closes. Controllers and CFOs consistently cite improved visibility, audit trail robustness, and ease of integration as key reasons for choosing the platform.

“As a CPA working in IT implementations, I used one of the legacy systems firsthand – and it was painful,” said Derek Kautz, COO and Co-Founder of Black Owl Systems. “It was slow, complicated, and error-prone. We knew the industry needed something dramatically better: a system that gives CFOs confidence in their numbers without forcing teams to do manual reconciliation or guesswork. Black Owl is the solution I wish I had years ago.”

“This financing allows us to scale our product, expand our team, and bring Black Owl to even more finance organizations across North America,” added CEO Greg Kautz.