Knowledge Management Firm Northern Light Secures $23M Growth Investment From LoneTree

David Seuss

Boston-based Northern Light Group, which helps companies manage knowledge and information, has secured a $23 million growth investment from New York-based LoneTree Capital.

Terms of the deal were not disclosed. As part of the investment, LoneTree partners Mike Devine and Rhett Lambert, and vice president for Investments Peter Bozian will join Northern Light’s board.

“Over the past two decades, Northern Light has prioritized customer satisfaction and continuous innovation as a means of building the market’s most comprehensive enterprise-focused competitive intelligence and market research offering,” said Northern Light CEO David Seuss, a former Boston Consulting Group executive and entrepreneur.

“The investment by LoneTree is a significant milestone, validating our current and future market position and product strength. We are well-positioned to drive innovation, deliver exceptional value to our customers and foster new career growth opportunities for our employees,” added Seuss, whose entrepreneurial software firm Spinnaker earned a listing on Nasdaq.

Northern Light, which has been in operation since 1996, has customers in a wide range of sectors including pharmaceutical, technology, financial services, consumer products, manufacturing and healthcare companies. Its customers use Northern Light’s software for market intelligence and research.

“In a world where enterprises rely on massive data sets across multiple first and third-party systems to shape their growth and product strategies, it is imperative for organizations to effectively manage their content and data to maximize insights potential and create a more knowledgeable and efficient workforce,” said LoneTree partner Mike Devine, a finance professional with an MBA from Dartmouth’s Tuck School of Business.

Seuss said Northern Light “chose LoneTree as a partner because of the firm’s sector expertise, collaborative investment approach and experience with helping companies accelerate their growth.”