Summit Partners Makes $55M Growth Investment in Instrumentl

Choate represented Summit Partners in its $55M growth investment in Instrumentl, a leading intelligent full-lifecycle grant solution for nonprofits and universities. Since its founding in 2015, Instrumentl has seen rapid adoption and has helped customers streamline workflows, reduce administrative burden, and successfully raise more than $1B in grant funding. The investment and Summit’s deep expertise in scaling mission-driven software businesses will enable Instrumentl to rapidly develop its platform’s AI capabilities, scale U.S. customer acquisition and empower grant seekers to diversify and strengthen their funding strategies amid federal grant funding repeals.