The FTV investment is Agiloft's first round of external investment. It will be used to build on its leadership position in the rapidly growing enterprise contract and commerce lifecycle management (CCLM) space.
FREMONT, CA: The global standard for no-code contract and commerce lifecycle management, Agiloft, secured USD 45 million in growth equity capital investment from FTV Capital, a sector-focused investor in innovative companies in enterprise technology and services, financial services, and payments and transaction processing. Along with the transaction, the company appointed Eric Laughlin to the CEO's role, effective immediately. Laughlin most recently served as the global leader of legal managed services at Ernst & Young, LLP, where he managed the Pangea3 and Riverview Law teams and provided clients with technology and service solutions in the contracts, e-discovery, and compliance domains globally.
"Colin and his team at Agiloft have built a unique company, emphasizing customer-focused execution and a culture of trust and transparency — all built on a foundation of technical excellence. The result has been steadily accelerating growth and consistent profitability. I'm honored to have been chosen to lead Agiloft in the next chapter of its development. A big part of my role will be to grow the company while maintaining the elements that have made it so successful," said Laughlin.
The FTV investment is Agiloft's first round of external investment. It will be used to build on its leadership position in the rapidly growing enterprise contract and commerce lifecycle management (CCLM) space. It accelerates its AI-based product development and expands its vertical and geographic market presence. The company's 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.
"Agiloft has established itself as a trailblazer in the fast-growing market for contract and commerce lifecycle management software," said Alex Mason, partner at FTV Capital. "To develop a no-code product that customers love, while prioritizing profitable growth without external investment, is a remarkable achievement. We are proud to be a collaborative partner to the Agiloft team and look forward the exciting journey ahead."