- Drawbridge’s existing investor Long Ridge will retain a significant equity stake in the company
- Raymond James served as financial advisor to Drawbridge
- Francisco Partners has raised about $45 billion in capital to date
Francisco Partners has made an investment in Drawbridge, a provider of cybersecurity software and solutions to the financial services industry. No financial terms were disclosed.
Drawbridge’s existing investor Long Ridge will retain a significant equity stake in the company.
Drawbridge was founded in 2018.
The investment will be used by Drawbridge for expansion and product development.
Jason Elmer, Drawbridge Founder and CEO, said in a statement, “We are thrilled to announce this new investment from Francisco Partners which will allow us to accelerate our technology innovation and continuously focus on customer success. Drawbridge was founded to provide financial services firms with the state-of-the-art software and solutions they need to simplify and manage the complex and evolving cyber risk landscape. The industry is facing increased cyber threats and escalating due diligence demands, and this new investment will enable Drawbridge to provide an even greater level of support to our customers.”
Raymond James served as financial advisor and Faegre Drinker Biddle & Reath served as legal advisor to Drawbridge. Kirkland & Ellis LLP served as legal advisor to Francisco Partners.
Since its launch over 20 years ago, Francisco Partners has invested in more than 400 technology companies. The firm has approximately $45 billion in capital raised to date.
Founded in 2007, Long Ridge Equity Partners is focused on the financial and business technology sectors. Long Ridge manages over $1 billion of committed capital.