Viventium Secures Growth Capital Investment From LLR Partners
BALTIMORE, Maryland (Feb 7, 2023) – Camden Partners announced today that Strategic Fund V portfolio company, Viventium, a SaaS-based human capital management solution specializing in the health services sector, received a growth capital investment from LLR Partners. Camden Fund V and other existing investors, ABS Capital and the Kohn Family, will remain shareholders in the business. Jason Tagler, Managing Partner of Camden Partners, will continue to represent Camden Fund V on the Viventium board as a board observer.
With over thirty years of experience in payroll, Viventium has grown into a full-suite HCM provider offering proprietary products in payroll and HR, employee onboarding, benefits administration, and ACA compliance. Viventium provides services to clients in healthcare industries ranging from home care, home health, and hospice agencies to skilled nursing, assisted living, and senior care facilities.
“The LLR team has extensive experience partnering with both human capital management and healthcare technology businesses to help accelerate their growth,” said Dan Neuburger, CEO of Viventium. “We are excited to leverage their expertise as Viventium continues to grow and deliver a highly specialized, remarkable user experience for our home care and skilled nursing clients.”
BMO Capital Markets Corp. acted as the lead financial advisor to Viventium on the transaction, with KeyBanc Capital Markets Inc. acting as a co-advisor.
For more information, please see Viventium’s press release.
Viventium Software Inc. is a SaaS-based human capital management solution that provides a remarkable user experience and award-winning software. Viventium provides flexible software and expert guidance so clients can be sure their payroll is done right. Viventium offers specialized solutions in the health services markets which include home care agencies and skilled nursing facilities. Viventium Software supports all fifty of the United States with payroll and HR solutions. For more information, visit www.viventium.com.
About LLR Partners
LLR Partners is a private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations, and buyouts. Learn more at www.llrpartners.com.
About Camden Partners
Founded in 1995, Camden Partners is a growth equity firm that helps the management teams of enterprise software and technology-enabled companies scale their businesses. Camden has invested in 85 companies across six funds and is known for providing creative and flexible growth capital. By focusing on the same strategy for over 25 years, the firm’s partners leverage deep domain expertise and a network of operating executives to help management teams grow revenue and cash flow. With initial equity checks between $5 million and $15 million, Camden is a preferred partner for owner-operators who are dilution sensitive. To learn more, visit www.CamdenPartners.com.