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Growth Equity

Frontier Growth

Frontier Growth takes minority stakes in growing companies, usually without full control, from Charlotte, North Carolina, USA. It states a focus on software & internet.

Disclosed holdings19
Earliest stated investment
HeadquartersCharlotte, North Carolina, USA
Stated fund size~$2.1B AUM; Frontier Fund IV $391M

Regulatory record

How Frontier Growth is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$1.6bn
Employees19
Private funds advised7 · $1.4bn gross
SEC adviser numberCRD 161220

Portfolio

Disclosed holdings

Companies Frontier Growth lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
Albiware
AxisCare
ClearGov
EPR Fireworks
Granicus
Minute Media
Mitratech
NeoGov
Nymbl
Petvisor
PodPlay
Property Meld
SPS Commerce
Sprocket Sports
SupplyPike
Wealthbox
atVenu
commonsku
iPacket

Compiled from Frontier Growth’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which Frontier Growth is named as buyer or seller in the transaction archive. 2 recorded exits, most recently in 2021.

CompanySideCounterpartyYearConsideration
InteliSecureSoldProofpoint2021$63m
HealthiestYouSoldTeladoc Health2016$45m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other growth equity investors active in software & internet.