GrowthZone Announces Strategic Investment from Lead Edge Capital


NISSWA, Minn.–(BUSINESS WIRE)–GrowthZone, a leading provider of membership management software to non-profit associations, announced a strategic growth investment from Lead Edge Capital, a technology-focused investment fund that has invested in leading companies such as Duo Security, Toast, Spotify, Wise, Alibaba Group, and Grafana.

GrowthZone’s Association Management Software is used by associations across dozens of industries including business, chambers of commerce, real estate, construction, transportation, medical, and others. GrowthZone AMS unlocks the full potential of member-based organizations with an integrated solution that combines a powerful CRM, marketing automation tools, member engagement solutions, and payments. By seamlessly integrating with core processes, it empowers associations to optimize operations and scale efficiently, effectively, and sustainably – enabling staff to focus on reaching strategic goals and fulfilling their core mission.

“Since inception, GrowthZone has been laser-focused on helping associations grow and bolster member engagement by providing the must-have technology engine that streamlines operations. Our partnership with Lead Edge will allow GrowthZone to accelerate our mission of providing market leading solutions to our growing customer base of over 4,000 associations,” said GrowthZone CEO Lisa Barnett.

“GrowthZone is in the business of helping non-profit associations grow their membership and fully realize their purpose. Over the course of nearly two decades, the company has developed an exceptional brand in its core industries, which has led to strong traction in new and exciting areas,” said Dan Lynn, Partner at Lead Edge Capital.

The investment follows significant momentum for GrowthZone, which has achieved record revenue growth in recent years.

Nadavon Capital Partners will be participating with Lead Edge Capital in the investment. Romir Bosu, of Nadavon Capital Partners, will join GrowthZone as its Executive Chairman. “GrowthZone has a great heritage of product innovation and an obsession with their customers. Over the years they have developed a truly end-to-end software platform and integrated payments solution that is mission-critical. I am thrilled to closely partner with the Lead Edge and GrowthZone teams in this next phase of growth.”

William Blair acted as exclusive financial advisor to GrowthZone on the transaction. Raymond James served as exclusive financial advisor to Lead Edge Capital.