Human Capital Management Provider Receives First Investment from New $390M Fund

Frontier Capital is pleased to announce its investment in Electronic Commerce, Inc. Based in Elkhart, IN, ECI provides a fully unified, cloud-based human capital management (HCM) software (SaaS) solution for the entire employee lifecycle.

Frontier’s $40 million majority growth investment in ECI will provide capital to support the company’s accelerating growth, continued product expansion and shareholder liquidity.  To learn more about this transaction, click here.

This represents the first investment of Frontier Fund IV, L.P., a $390M growth equity fund.

About Frontier Capital

Frontier Capital is a Charlotte-based growth equity firm focused exclusively on software and technology-enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity.