FinTechFunding

Advocate Networks: Receives Investment from Spire Capital Partners

  • The amount of the deal not disclosed
  • David Schaible, Andy Armstrong, and Rupali Varma of Spire Capital will also join Advocate’s Board of Directors as part of the investment
  • The investment will provide capital to enhance research and development, expand both solutions and geographies, and enable complementary acquisitions
  • Co-founded in 2001 by Co-CEOs Tim Wise and Scott Fogle, who will continue to lead the company
  • The company, which has built a proprietary data warehouse solution known as “Helix” and an automation platform known as “Yottamation,” serves enterprise customers
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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