Canada-headquartered PDFTron has secured $71m in funding from growth equity firm Silversmith Capital Partners.
This investment is earmarked to support PDFTron’s R&D and product development resources, as well as seek acquisitions in North America and Europe.
PDFTron is a global provider of document processing technology, supporting the finance, government, healthcare, legal, pharma and engineering industries. Applications include dynamic document viewing, annotation, processing, conversion, data extraction, and redaction.
Its flagship product PDFTron SDK offers organisations a secure, cost-effective and reliable wat to embed advanced PDF and document functionality within all their software applications.
Finance teams can leverage the solution to extract information from documents and ensure content on documents is captured as required by certain regulations. The solution also standardises KYC, review and approval workflows through automation, with digital signature tools available to streamline authentications.
This funding has come after a period of strong growth for PDFTron which culminated in it more than doubling its workforce since 2018.
PDFTron co-founder and CEO Catherine Andersz said, “We are thrilled to partner with Silversmith for the next phase of PDFTron’s growth. Silversmith’s expertise helping enterprise software companies to expand globally made them a perfect choice for us. This investment will allow PDFTron to continue delivering market-leading solutions, while doubling down on our commitment to long-term customer success and satisfaction.”
As part of the deal, Silversmith managing partner Jim Quagliaroli and general partner Sri Rao will join the PDFTron board of directors.