FRONTIER CAPITAL ANNOUNCES MAJORITY GROWTH EQUITY INVESTMENT IN VANCOUVER-BASED AGREEMENT EXPRESS
We are pleased to announce a majority growth equity investment in Vancouver-based Agreement Express, our fourth investment announcement in 2018.
Agreement Express is another example of our dedication to investing in B2B SaaS businesses. The company’s innovative cloud-based platform has transformed the client onboarding experience for financial services firms by taking the complexity out of the most critical stages of the customer lifecycle.
We are excited about the opportunity to partner with the Agreement Express team in reaching its long-term vision to become a leading provider of client onboarding automation solutions for the financial services industry. Our investment is intended to support the company as it seeks to accelerate growth through expansion of sales and marketing operations, innovation of its technology platform, and further development of its talent base.
Agreement Express, which grew over 40% in 2017, is well positioned to capitalize on the industry shift away from legacy systems and manual processes toward efficient digital solutions. Its end-to-end software solutions enable wealth management, payments, and insurance companies to increase new customer acquisition and improve retention by delivering streamlined client onboarding experiences powered by seamless, rich workflows.
The growth equity partnership with Agreement Express represents Frontier's third investment in Canada within the past twelve months and its fifth investment in a SaaS-based company over the past eight months. This investment comes from the firm's $700 million Frontier Fund V, which closed in 2017.