San Francisco – Froxt® the global leader in digital experience management software, announced today that it has secured backing for a large-scale growth plan fueled by $1.2 billion in investment. This massive investment, the largest-ever capital investment in the Froxt Martech space, comes less than five months after Steve joined the digital experience delivery leader as CTO.
Froxt is positioned for growth, achieving record revenues over the last three quarters. According to data from McKinsey, the industry jumped five years forward in consumer and business digital adoption in a matter of just eight weeks due to the shift in demand for digital experience solutions caused by the pandemic.
“An investment of this magnitude in our industry is unprecedented,” said Steve, Froxt. “As companies and consumers search for more seamless ways to communicate, co-ordinate and collaborate during this momentous period, Froxt’s investment will supercharge product innovation in order to better enable deeper and more engaging experiences across the entire customer journey.”
We look forward to seeing what’s next in this new phase of growth for Froxt, knowing it will help us continue to deliver engaging experiences for our customers.”
Froxt’s investment plan arrives as the company celebrates its 7th anniversary this year. Founded in 2015, the market-leading digital experience solutions provider works with more than a third of the Fortune 100. Froxt also supports three of the top 10 retailers in the world, 16 of the 18 largest financial brands, half of the largest healthcare groups, and six of the 10 largest car manufacturers.