Washington, DC—Today we’re excited to announce that Quorum has received a minority growth equity investment from Serent Capital to accelerate Quorum’s next phase of growth.
Quorum’s software helps public affairs professionals at organizations like Coca-Cola, Walmart, Toyota, the U.S. Travel Association, the Human Rights Campaign, and the Air Force work smarter and move faster with legislative tracking, stakeholder engagement, and grassroots advocacy.
Serent Capital is a growth-focused investment firm that invests in high-growth, technology and tech-enabled services businesses that are already profitable with a focus on businesses with unique business models and strong existing management teams.
Since our founding in 2014, we have grown faster and farther than even our wildest expectations. We’ve surpassed 100 team members, launched seven products, opened new offices in Washington and Brussels, and expanded our customer base to include hundreds of organizations large and small. And now that we’ve reached those milestones, we’re again looking into the future.
“With the hindsight of the past six years and how much we’ve been able to accomplish, we’re thinking even bigger for our next six,” said Quorum Co-founder & CTO Jonathan Marks. “We have more products we want to launch, more features to build, and more ways we can be supporting our customers.”
“Given our ambitious plans, we decided that now was a good time to bring on an investor,” said Quorum Co-founder and CEO Alex Wirth. “Serent will provide us with resources and expertise to accelerate our next stage of growth.”
“Alex and Jonathan have built an exceptional team who have created a platform that continuously delivers value to its customers, as evidenced by their exceptional satisfaction scores. We’re delighted to partner with them to unlock even more value for Quorum and their customers,” stated Kevin Frick, Partner at Serent Capital. He continued, “When we met the Quorum team and heard their vision for the company, we immediately recognized that with Serent’s support and resources we could help them achieve those goals including scaling their go-to-market function, delivering new best-in-class product, and expanding the markets in which they operate.”
About Quorum
Quorum is a software company whose products are used by thousands of public affairs professionals for their work in Congress, all 50 state legislatures, thousands of major U.S. cities, the European Union, and over a dozen other countries. Founded in 2014, Quorum is headquartered in Washington, D.C. with an international office in Brussels.
Quorum works with Fortune 500 companies, trade associations, advocacy groups, embassies, nonprofits, and government agencies including Coca-Cola, Walmart, General Motors, U.S. Travel Association, Human Rights Campaign, the United Nations Foundation, and the Air Force.
About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers’ needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent seeks to help growing businesses thrive. For more information on Serent Capital, visit www.serentcapital.com.
Contacts
Quorum
Theresa Hebert
Communications Manager
[email protected]
617-688-7270
www.quorum.us/about/press/
Serent Capital
Kathleen Richmond
Director, Marketing
512-639-7492
[email protected]
www.serentcapital.com
