Northern Light receives a $23M investment from LoneTree Capital

Northern Light Group, an enterprise knowledge management platform for competitive intelligence and market research, announced a $23 million growth investment by LoneTree, a New York-based growth capital firm—empowering the company to accelerate its ability to scale and drive continued product innovation.

"In a world where enterprises rely on massive data sets across multiple first and third-party systems to shape their growth and product strategies, it is imperative for organizations to effectively manage their content and data to maximize insights potential and create a more knowledgeable and efficient workforce," said Mike Devine, partner at LoneTree. "Northern Light has emerged as a leader through consistently working to understand each customer's unique needs, and providing transformative solutions. It has a phenomenal team and an exceptional company culture, and we are looking forward to supporting them in the next chapter of their growth and evolution."

With a customer base that includes many of the world's largest pharmaceutical, technology, financial services, consumer products, manufacturing and healthcare companies, Northern Light has built a loyal following of research-driven organizations that require enterprise-wide access to information. These organizations depend on Northern Light's intelligence and research for successful strategy, R&D, product management, marketing and sales.

"Over the past two decades, Northern Light has prioritized customer satisfaction and continuous innovation as a means of building the market's most comprehensive enterprise-focused competitive intelligence and market research offering," said David Seuss, CEO of Northern Light. "The investment by LoneTree is a significant milestone, validating our current and future market position and product strength. We are well-positioned to drive innovation, deliver exceptional value to our customers and foster new career growth opportunities for our employees."

As part of the investment, Devine, Rhett Lambert, and Peter Bozian will join Northern Light's Board of Directors. Terms of the deal were not disclosed. Goulston & Storrs PC provided legal counsel to Northern Light. Goodwin Procter LLP represented LoneTree.

For more information about this news, visit https://northernlight.com.