Investor relations and capital market solution provider Q4 has secured $38m in its Series C round.
Napier Park Financial Partners led the investment, which also received participation from OpenText Enterprise Apps Fund (OTEAF), Information Venture Partners and Espresso Capital.
Founded in 2013, Q4 is investor relations and capital markets analytics and workflow solution which is used by 1,200 brands globally. Its offerings include quantitative and real-time shareholder analytics, AI targeting, pipeline management, roadshow planning tools, IR desktops, and webcasting among others.
Capital from the round will be used to support the company’s next growth phase, expand its global sales and marketing efforts and seek additional strategic acquisitions.
As part of the transaction, Napier Park partner Dan Kittredge and managing director Ned May will join Q4’s board of directors.
OTEAF general partner and chairman of Q4 Tony van Marken said, “Having led Q4’s Series B round, we have witnessed the tremendous growth of the company, and the evolution of Darrell and his team in the execution of their strategy.
“Q4 has continued to expand its customer base with some of the world’s largest public companies and now provides IR solutions to 25% of the S&P 500.
“With the macro trends benefiting the market and material shifts in their competitive landscape, we are excited to participate alongside Napier Park in this round and to continue to support Q4 in executing against their vision of growing into a dominant global capital markets platform.”
Earlier in the year, Napier Park invested into restaurant POS terminal TouchBistro during its $54m Series D equity round.
Fellow data and analytics company Asset Control was acquired by UK-based private equity firm Sovereign Capital earlier this week. The company provides financial organisations with high-quality reference, market and risk data and analysis tools.
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