Arcadea Group invests in aviation software platform AvSight

Arcadea Group is a long-hold, permanent capital software investor focused on industry-leading SaaS vendors.

  • AvSight founders Scott Loescher and Fermin Gonzales, along with key leadership including Andrew Valley and Frank Scales, will continue in their roles while also maintaining significant equity interests
  • The company will use the deal’s proceeds to accelerate its product roadmap while bolstering services, delivery and customer service

Canadian growth equity firm Arcadea Group has invested $20 million in AvSight, a Boone, North Carolina-based aviation software platform designed for suppliers, lessors and maintenance, repair and operations facilities.

AvSight founders Scott Loescher and Fermin Gonzales, along with key leadership including Andrew Valley and Frank Scales, will continue in their roles while also maintaining significant equity interests in the business.

Established in 2016, AvSight offers a cloud-based solution to meet the needs of aviation aftermarket suppliers and MRO facilities. It combines inventory management, quotes, repairs, sales orders and accounting into a single flexible application.

The company will use the deal’s proceeds to accelerate its product roadmap while bolstering services, delivery and customer service.

“We’re thrilled to partner with the AvSight team,” said Paul Yancich, a managing director of Arcadea Group, in a statement. “Many vertical markets, including aviation MRO, are served by either fragile in-house systems or legacy offerings that are essentially digitalized paper. In contrast, the AvSight team have paired deep domain expertise with modern, cloud-based technologies that in combination materially advance how customers can do business. We’re excited to support the company’s ambitious product roadmap and help them support customers for decades to come.”

Based in Toronto and Orlando, Florida, Arcadea Group is a long-hold, permanent capital software investor focused on industry-leading SaaS vendors.