With the new year comes exciting news!
Earlier today, MediaRadar announced a new growth equity partnership with Frontier Capital.
Frontier Capital is a Charlotte-based growth equity firm that focuses exclusively on software and tech-enabled business services companies.
Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions, and generate shareholder liquidity. They make minority and majority equity investments in high-growth companies.
$700 Million Fund V
In early December, Frontier announced the close of their “significantly oversubscribed $700 million Frontier Fund V.”
This was the fourth consecutive oversubscribed fund raised by the firm, and brings the total capital commitments received to $1.5 billion since their inception in 1999.
Over the last three years, MediaRadar has seen significant growth, with overall business increasing by an average of 27% year-over-year. In the last year alone, our client-roster expanded by over 30%.
Our goal is to continue and accelerate that growth throughout 2018 and beyond.
MediaRadar sought a valuable partner to help achieve that goal.
Long-Term Partnership with Frontier Capital
As one of the leading SaaS growth equity firms in the United States, Frontier Capital was an obvious fit.
This partnership will provide MediaRadar with the strategic alignment necessary to continue to provide an innovative product to clients, while continuing and accelerating growth.
MediaRadar Co-Founder and CEO, Todd Krizelman weighed in on the exciting news:
“After ten years of success, it’s an ideal time to take MediaRadar to the next level. We believe Frontier has an extraordinary track record of helping to accelerate B2B SaaS businesses of our size and in our space. We already have some exciting plans and we look forward to a successful partnership.”
Michael Ramich, a partner at Frontier Capital who will be joining the MediaRadar board, also had some complimentary words when speaking of the partnership:
“MediaRadar has a commitment to offering the very best suite of tools and a vision for expanding its role as a leading advertising intelligence platform to media companies, agencies, and ad technology providers. We believe Todd, his Co-Founder Jesse Keller, and the rest of their impressive team have built a culture and track record of success and we look forward to partnering with them to help maximize the company’s growth potential.”