Wealthbox announces $31 million equity investment from Frontier Growth

PROVIDENCE, RI, March 8, 2022 /PRNewswire/ — Wealthbox, a leading CRM software platform for financial advisors, today announced that Frontier Growth, a growth capital firm focused on fast-growing software companies, has taken an equity stake minority in the company with a $31M A fair investment.

Founded by serial entrepreneurs John Rourke and Dan Ferranti, Wealthbox is a CRM technology specifically designed for financial advisors at wealth management firms and brokerages to track client relationships, collaborate as a team, and streamline operations. Launched in 2014, Wealthbox is known for its modern product design, powerful features, and intuitive user experience. It is now integrated with leading custody platforms and wealth management technology products.

“Frontier Growth has an incredible track record of helping fast-growing companies scale even faster, and we’re thrilled to partner with them in our Series B funding round,” said John Rourke, CEO of Wealthbox. “The investment capital for Wealthbox will allow us to accelerate product development and innovation so that we can continue to provide the best CRM and related software solutions to financial advisory firms of all sizes.”

“Wealthbox’s talented team, impressive growth rate and excellent business metrics are a perfect fit for the additional support, expertise and funding we offer,” said Richard Maclean, managing partner and co-founder of Frontier Growth. “We look forward to partnering with the Wealthbox team to help financial advisory firms better manage their business with Wealthbox as their core software.”

As part of the transaction, Richard Maclean and matt williams of Frontier Growth will join John Rourke and Dan Ferranti on the board of Wealthbox. Before the transaction, Starburst Laboratories, the parent company of Wealthbox, created Wealthbase, a social trading app for retail investors, which now operates as its own separate company. Wealthbox is now the sole property of Starburst LaboratoriesInc.

About Wealthbox

Wealthbox operates as a remote business with employees located across United Statesand a large part of the team is at Rhode Island. Wealthbox CRM technology is purpose-built for the wealth management vertical and designed for financial professionals in advisory firms and brokerages to manage client relationships and streamline operations to grow their practices. Learn more about www.wealthbox.com

About Border Growth

Frontier Growth supports the growth of software companies that have $5 million for $30 million revenue by deploying both investment capital and operational expertise. The company was founded with a culture that puts people before numbers because people drive real growth. With over 20 years of experience, over $1.5 billion in AUM and actively investing in its fifth fund, Frontier respects the fact that each of its companies represents someone’s work. This is why the company’s explicit objective is to help them develop without stifling the innovation that has made them successful. Learn more about www.frontiergrowth.com

SOURCE Wealthbox CRM

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