Announced
Completed
Synopsis
Spectrum Equity, an investment firm, and 22C Capital, a private investment firm, completed a $200m investment in RapidRatings, an operator of financial health analytics platform. FTV Capital will remain on the board and continue to support the company as an investor. “The need for greater insight between companies and the financial health of their suppliers will only grow as global supply chains continue to see strain and credit markets tighten. With FTV’s and LLR’s partnership over the last several years, we have significantly expanded our offering and achieved tremendous growth. The new investment from Spectrum and 22C gives our firm a mandate to strategically double down on our promise to create better financial visibility between our clients and the companies they depend on every day," James Gellert, RapidRatings CEO and Chairman.
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