Arlington, Va.-based Phone2Action announced that is has landed a strategic growth investment from Frontier Capital, a Charlotte, N.C.-based growth equity firm that invests in B2B software companies.
Phone2Action has turned smartphones into an extension of the ballot box, opening a new frontier in digital advocacy. Learn about how our newest investment will support the company’s growth.> https://t.co/awbZdAwDBC #Saas #PrivateEquity @Phone2Action pic.twitter.com/eezklhocEW
— Frontier Growth (@TheFrontierTeam) May 22, 2019
Phone2Action said that it will use the investment to upgrade its app platform, expand to other markets and scale its growth plans. The financial terms of the investment were not disclosed but the funds will come from Frontier Capital’s Frontier Fund V, which is worth $700 million.
“We are incredibly proud of the business we have built at the intersection of technology and policy,” Jeb Ory, cofounder and CEO of Phone2Action said in a statement. “Every day, tens of thousands of people use our software to engage on issues they care about. We believe partnering with Frontier Capital will help us accelerate our mission to become the connective tissue between constituents, their government, and the organizations they care about.”
Frontier Capital’s VP Matt Williams, Partner Michael Ramich and Cofounder Andrew Lindner will join Phone2Action’s board of directors.
The advocacy software company curates a mobile app so public affairs groups can interact with their followers when it comes to communicating with lawmakers on political matters. The startup launched in 2013 and Phone2Action reported that 15 million people have used its platform since then. The company said it has more than 550 clients including the Consumer Technology Association, Lyft and Airbnb.
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