Lateral Investment Management Portfolio Companies Named to Inc. 5000’s 2024 List of Fastest-Growing Private Companies in America
13 Agosto 2024 - 9:00AM
Business Wire
Morae and FirstClose Recognized Among Elite
Group of Businesses Building the Future
Lateral Investment Management, LLC (“Lateral”), a
growth-oriented private equity firm focused on founder-operated
technology and technology-enabled services businesses, today
announced that two of its portfolio companies, Morae Global
(“Morae”) and FirstClose, Inc. (“FirstClose”), have been featured
on the 2024 Inc. 5000, which recognizes the fastest-growing private
companies in America.
Now in its 43rd edition, the Inc. 5000 showcases some of the
most successful and innovative privately-held companies within the
U.S. Honorees are ranked according to percentage revenue growth.
The list has become widely recognized for highlighting some of the
fastest-growing early-to-mid-stage companies across sectors that
have matured into major market leaders.
“We are proud of our partners at Morae and FirstClose and the
success they have achieved in their respective fields,” said
Richard de Silva, Founder and Managing Partner of Lateral. “Both
companies are representative of Lateral’s investment approach to
partner with high-conviction founders to help transform their
bootstrapped businesses into market leaders. We are excited to
support the Morae and FirstClose management teams as they scale
their businesses and define leadership positions in their target
markets.”
Lateral invested in Morae, a technology-based legal solutions
provider for large corporations and major law firms, in 2019. Last
year, the firm supported Morae’s acquisition of Exigent, a UK-based
provider of AI-driven legal managed solutions. Lateral invested in
FirstClose, a leading fintech provider of workflow automation
solutions and data services for mortgage and home equity lenders,
in 2022. Since then, FirstClose has deployed its software platform
to help banks, credit unions, and independent mortgage lenders meet
the growing demand for home equity lines of credit (HELOCs), and
announced integrations with major technology partners.
About Lateral Investment Management, LLC
Headquartered in San Mateo, California, Lateral is a
growth-oriented private equity firm that invests in
founder-operated technology and technology-enabled services
businesses. The firm focuses on profitable, U.S. middle market
companies that have not previously received institutional financing
and makes $15 million to $75 million investments to accelerate
their growth. By taking a highly customized approach to thematic
deal origination, a founder-friendly approach to partnering with
business owners, and a systematic and proactive approach to value
creation, Lateral helps to transform its portfolio companies into
category leaders. For more information, visit:
https://lateralim.com/
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Amanda Shpiner/Alex Jeffrey Gasthalter & Co. 212-257-4170
Lateralim@gasthalter.com