Leading transatlantic law firm Womble Bond Dickinson represented Frontier Growth, a growth equity firm specializing in supporting software companies, as part of a $20 million investment in ClearGov, Inc., a leading budget cycle management company.

The strategic growth investment, led by Frontier Growth, will help ClearGov expand its team to support a fast-growing customer base and further enhance its product offerings. The funding closed on December 10, 2021.

ClearGov is a leading provider of affordable and easy-to-use government budgeting software solutions. The company focuses on helping local governments and their department heads streamline the annual budgeting process by automating workflow, increasing collaboration, and centralizing data. 

Frontier Growth provides support for growth – both investment capital and operational expertise – primarily for software companies with $5 million to $30 million in revenue. In recent years, the Womble Bond Dickinson team has represented Frontier through numerous other investments, recapitalizations and divestitures.

Womble Bond Dickinson partners D. Scott Anderson and Patrick Strubbe and associate Jake Rifkin represented Frontier Growth in the deal.

Click here to read ClearGov’s press release on the recent investment.