Just a few weeks after launching its BizEquity One Valuation Cloud technology at FinovateFall 2014, BizEquity has earned an investment of $5.1 million from London-based private equity firm, Frost Brooks.
The investment is the second major deal for Frost Brooks, and the first significant infusion of capital for BizEquity.
Founded in 2010 and based in Wayne, Pennsylvania, BizEquity specializes in business valuation. The company has valued more than 13 million businesses around the world using its cloud-based, Big Data engine. The company’s “Valuation-as-a-Service” approach provides real-time valuation monitoring, a pre-value estimate for more than 27 million companies, as well as online advice and alerts.
In talking about the investment, BizEquity CEO Michael Carter praised Frost Brooks relationships with “some of the most powerful names in British business”. Carter also mentioned a “full launch” in the UK “early next year.” Frost Brooks Managing Partner Miles Frost pointed to Carter’s experience as a successful fintech entrepreneur, and BizEquity’s understanding of the “complexities of valuation” as reasons for enthusiasm about his firm’s new minority stake in the company.