History

Deeply Rooted in Software & Services

Where Experience and Focus Lead to Results

Headquartered in Charlotte, NC, Frontier Capital was launched in 1999 with a couple of desks purchased from an Office Depot. As a small, regionally-focused entrepreneurial investment firm, we believed focus was required for success. That focus was a business plan based on providing growth capital to software and services companies leveraging recurring revenue business models. At the time, many of these companies were neglected by private equity firms focused on traditional businesses and venture capital firms caught up in the dot-com boom.

Trusted Partner and Leader in Growth

We at Frontier have maintained the belief that relationships matter, investing our time and energy into establishing trust and rapport with our management teams prior to an investment. We have seen this approach pay meaningful dividends as we work alongside our management partners to navigate the challenges associated with building a market leader.

From humble beginnings, we now manage capital for some of the world’s most sophisticated institutional investors and are recognized nationally as a trusted partner and the leader in growth capital for middle market software and services companies.

Frontier Through The Years

  • 1999

    $45 Million Debut Fund

    In July 1999, Frontier launched our $45 million Debut Fund 

  • 2000

    Internet Bubble Burst

    In March of 2000, the internet bubble burst as NASDAQ drops

  • 2001

    Frontier Enters Managed Services

    In February of 2001, Frontier entered into the managed services vertical by investing in Charlotte, NC based Peak 10

  • 2001

    First SaaS Investment

    First SaaS Investment In June of 2001, Frontier completed our first SaaS investment with Atlanta, GA based Digital Envoy

  • 2001

    Frontier Moves

    In September of 2001, Frontier moved from Uptown Charlotte to Historical Tompkins Toolworx Building In the up-and-coming Southend neighborhood. We soon set up a happy hour tradition at the nearby Sullivan’s Steakhouse

  • 2002

    The Beginning of a Long-lasting Partnership

    In October of 2002, Frontier started a long partnership with operating partner, Tony Prince by investing in South Carolina based LURHQ which merged with Secureworks in Atlanta, GA and was eventually purchased by Dell

  • 2004

    Frontier Invests in Accipiter Software

    In June of 2004, Frontier invested in Accipiter Software, based in Raleigh, NC and delivered our first 100%+ IRR upon exit

  • 2006

    First Healthcare IT Investment Completion

    In September of 2006, Frontier completed our first Healthcare IT investment with Anodyne, which was eventually purchased by Athena Health

  • 2007

    Frontier Fund II Exceeds Target

    In September of 2007, Frontier held the final close of Fund II, exceeding our target

  • 2008

    Business Development Team Launch

    In May of 2008, Frontier launched a new dedicated Business Development team

  • 2008

    Frontier Does Vegas!

    In July of 2008, the Frontier team celebrated the successful close of Fund II with a trip to Vegas

  • 2008

    Frontier Moves Again

    In August of 2008, Frontier moved our offices into the Metropolitan Building in Midtown Charlotte

  • 2009

    Frontier Completes First Investment in Texas

    In February of 2009, Frontier completed our first Texas Investment in Dallas-based population health management provider, Viverae

  • 2009

    A Coastal Company Retreat

    In September of 2009, the team traveled to Charleston, SC to engage in a strategic retreat

  • 2009

    Frontier Invests in Lanyon Software

    In November of 2009, Frontier’s second Texas investment was completed in Dallas-based Lanyon Software

  • 2010

    Mountain Retreat

    In September of 2010, the team traded the beach for the mountains with another strategic retreat in Asheville, NC

  • 2011

    First Investment Completed in Midwest

    First investment in the Midwest completed in Chicago based Celergo

  • 2011

    Celebrating 10 Years

    Frontier celebrates 10 years of investing in SaaS

  • 2011

    Take Me Out to the Ballgame

    Frontier hosts friends of the firm at Brixen Ivy Rooftop at Wrigley Field.

  • 2011

    Generating Over $1 Billion in Enterprise Value

    Frontier portfolio companies surpass generating $1 billion of enterprise value. 

  • 2011

    $20 Million Investment

    $20 million investment in Indianapolis based HealthX

  • 2012

    Frontier Fund III Exceeds Target

    Frontier holds Fund III Final Close exceeding target.

  • 2013

    First Investment in Utah Market

    First Investment completed in Utah Market with Multiling

  • 2013

    Frontier Recognized

    Frontier recognized with Tech Titans Investment Catalyst Award in Dallas, TX

  • 2014

    Celebrating 15 Years

    Frontier celebrates 15 year anniversary

  • 2015

    Frontier Continues Momentum with Oversubscribed Fund IV

    Growth equity matures with Frontier Capital's new $390 million fund.

  • 2015

    Frontier Welcomes ECI to the Family

    Human Capital Management provider, ECI, receives first investment from new $390M fund.

  • 2015

    Frontier Returns to Uptown Charlotte

    Frontier moves to new office location at 525 N. Tryon in Uptown Charlotte

  • 2016

    Frontier sells HealthiestYou to Teladoc

    HealthiestYou Acquired for $155 Million.