Investment Summary

Frontier Growth Invests In Igloo

On January 9, 2018, growth capital firm Frontier Growth invested in software company Igloo

Investment Highlights
  • This is Frontier Growth’s 7th transaction in the Software sector.
  • This is Frontier Growth’s 1st transaction in Canada.
  • This is Frontier Growth’s 1st transaction in Ontario.
Investment Fate
  • Igloo was sold to a strategic buyer in 2025.

Investment Summary

Date 2018-01-09
Target Igloo
Sector Software
Investor(s) Frontier Growth
Deal Type Growth Capital

Target

Igloo

Kitchener, Ontario, Canada
Igloo is a provider of digital workplace solutions, helping companies build inspiring digital destinations for a more productive and engaged workforce. Offering a suite of modern features and solutions for today's evolving workplace, Igloo partners with customers to address challenges related to communication, collaboration, knowledge management, employee engagement, and culture. Igloo was founded in 2008 and is based in Kitchener, Ontario.

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Investor(S) 1

Investor

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 43 of 59
Sector: Software M&A 7 of 16
Type: Growth Capital M&A Deals 24 of 39
State: Ontario M&A 1 of 2
Country: Canada M&A 1 of 4
Year: 2018 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 WilsonHCG

Tampa, Florida, United States

WilsonHCG is a provider of talent management solutions. WilsonHCG offers recruitment process outsourcing and outsourced talent solutions to assist corporations with a broad range of talent acquisition needs. WilsonHCG was founded in 2002 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 MediaRadar

New York, New York, United States

MediaRadar is an advertising intelligence company that offers a suite of tools that provides sales intelligence directly to media ad sales personnel and new business development executives at agencies. The company tailors its products to support broadcasters, dotcoms, ad tech companies, magazines, newspapers, and mobile media companies. MediaRadar was founded in 2007 and is based in New York, New York.

Buy -