representative work

Wavecrest Growth Partners Invests in Cardata Consultants


On September 26, 2023, Wavecrest Growth Partners, with participation from MassMutual Ventures, led a new round of growth investment in the amount of $100 million into Cardata Consultants Inc. The aim of the investment is to accelerate growth and investment in product innovation.

Wavecrest is a growth equity firm focused on investing in and partnering with leading B2B software and technology-enabled services companies based in both North America and Western Europe. Wavecrest targets investments in high-growth companies with proven products and business models. Established in 1999, Cardata provides a suite of reimbursement software, compliance programs, and business intelligence tools for companies whose employees drive their personal cars for work.

Cassels acted for Wavecrest.