William Blair acted as the exclusive financial advisor to Foundant Technologies (Foundant) in connection with its strategic growth investment from L Squared Capital Partners (L Squared). The transaction closed on February 1, 2023.
About the Companies
Foundant has specialized in making philanthropy easier and more impactful through innovative software solutions and exceptional client experiences since 2007. Passionate about philanthropy, Foundant’s team is dedicated to meeting the unique needs of grantmakers, scholarship providers, community foundations, and nonprofits to enable change-makers to make the world a better place for all.
L Squared is an investment firm based in Newport Beach, CA, that seeks to make long-term investments in leading growth companies that operate in targeted sectors: tech-enabled services & software, education technology, and industrial technology & services. L Squared’s unique investor base of family offices enables them to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over a decade and have more than 100 years of combined experience investing in growing private companies.
William Blair’s technology team is pleased to donate to the William Blair foundation as part of this transaction, which provides financial support to hundreds of charities every year through its grants, sponsorships, and employee matching gifts programs. Learn more about our technology investment banking expertise.