Agiloft Secures $45 Million Growth Equity Investment from FTV Capital

Names Accomplished Legal Tech Executive Eric Laughlin as CEO to Accelerate Growth in Contract and Commerce Lifecycle Management Software Company REDWOOD CITY, Calif., August 17, 2020 -- Agiloft, the global standard in contract and commerce lifecycle management, today announced a $45 million growth equity investment from FTV Capital, a sector-focused investor in innovative companies in enterprise technology and services, financial services, and payments and transaction processing. Bootstrapped since its inception and profitable, Agilofts investment from FTV is the companys first round of external funding and will be used to build on its leadership position in the rapidly growing enterprise contract and commerce lifecycle management (CCLM) space as it accelerates its AI-based product development and expands its vertical and geographic market presence. Agilofts no-code platform drives industry-leading configurability and automates complex enterprise workflows through an iterative design process at a fraction of the time and cost of traditional software. The result is cost discipline in procurement, quantifiable reductions in revenue leakage in sales, and visibility into contractual risk and regulatory compliance for legal departments. We are proud to be a collaborative partner to the Agiloft team and look forward the exciting journey ahead.” “With digital transformation moving at the speed it is today, contract management solutions that are well-scoped and executable are mission critical,” said Abhay Puskoor, principal at FTV Capital.