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BOSTON, Jan. 7, 2025 ~ Northern Light Group, a Boston-based provider of enterprise knowledge management platforms for competitive intelligence and market research, has received a significant boost in funding. LoneTree, a New York-based growth capital firm, has announced a $23 million investment in Northern Light to support its continued growth and innovation.
With a customer base that includes some of the world's largest companies in industries such as pharmaceuticals, technology, financial services, consumer products, manufacturing and healthcare, Northern Light has established itself as a trusted source for research-driven organizations. These organizations rely on Northern Light's intelligence and research to inform their strategies in areas such as R&D, product management, marketing and sales.
According to Mike Devine, Partner at LoneTree, the investment is crucial for enterprises that depend on vast amounts of data from various sources to drive their growth and product strategies. He believes that effective management of content and data is essential for maximizing insights potential and creating a knowledgeable and efficient workforce. Devine also praised Northern Light for its ability to understand each customer's unique needs and provide transformative solutions.
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Northern Light's CEO David Seuss expressed his excitement about the investment by LoneTree. He stated that it validates the company's current market position and product strength. Seuss also highlighted Northern Light's focus on customer satisfaction and continuous innovation over the past two decades as key factors in building their comprehensive offering.
Seuss further explained that LoneTree was chosen as a partner due to their expertise in the sector, collaborative investment approach, and experience with helping companies accelerate their growth. Together with LoneTree's support, Northern Light aims to continue innovating and meeting the evolving needs of its customers.
As part of the investment deal, three members from LoneTree - Mike Devine, Rhett Lambert, and Peter Bozian - will join Northern Light's Board of Directors. The terms of the deal were not disclosed. Legal counsel was provided by Goulston & Storrs PC for Northern Light, while Goodwin Procter LLP represented LoneTree.
The $23 million investment by LoneTree is a significant milestone for Northern Light, and it is expected to provide the company with the resources and capital needed to scale and drive further product innovation. With this support, Northern Light is well-positioned to continue delivering exceptional value to its customers and creating new career growth opportunities for its employees.
With a customer base that includes some of the world's largest companies in industries such as pharmaceuticals, technology, financial services, consumer products, manufacturing and healthcare, Northern Light has established itself as a trusted source for research-driven organizations. These organizations rely on Northern Light's intelligence and research to inform their strategies in areas such as R&D, product management, marketing and sales.
According to Mike Devine, Partner at LoneTree, the investment is crucial for enterprises that depend on vast amounts of data from various sources to drive their growth and product strategies. He believes that effective management of content and data is essential for maximizing insights potential and creating a knowledgeable and efficient workforce. Devine also praised Northern Light for its ability to understand each customer's unique needs and provide transformative solutions.
More on Nyenta.com
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Northern Light's CEO David Seuss expressed his excitement about the investment by LoneTree. He stated that it validates the company's current market position and product strength. Seuss also highlighted Northern Light's focus on customer satisfaction and continuous innovation over the past two decades as key factors in building their comprehensive offering.
Seuss further explained that LoneTree was chosen as a partner due to their expertise in the sector, collaborative investment approach, and experience with helping companies accelerate their growth. Together with LoneTree's support, Northern Light aims to continue innovating and meeting the evolving needs of its customers.
As part of the investment deal, three members from LoneTree - Mike Devine, Rhett Lambert, and Peter Bozian - will join Northern Light's Board of Directors. The terms of the deal were not disclosed. Legal counsel was provided by Goulston & Storrs PC for Northern Light, while Goodwin Procter LLP represented LoneTree.
The $23 million investment by LoneTree is a significant milestone for Northern Light, and it is expected to provide the company with the resources and capital needed to scale and drive further product innovation. With this support, Northern Light is well-positioned to continue delivering exceptional value to its customers and creating new career growth opportunities for its employees.
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