BryteBridge Group, a Winter Park, FL-based provider of outsourced compliance, legal, and filing services to nonprofit organizations, received an investment from RFE Investment Partners IX and Knox Capital.
The amount of the deal was not disclosed.
Brian Davis, President of BryteBridge, will continue to lead the company alongside new additions to the management team: Mike Bryant (CEO) and Larry Marshall (CFO).
This transaction enables BryteBridge to diversify into a full-service, technology-enabled, legal and compliance services platform. In the future, the company will expand its current offerings.
In addition, Frank Monestere, the former President and COO of LegalZoom, has joined the BryteBridge Board of Directors. Monestere brings nearly 20 years of extensive experience in the outsourced legal and compliance services sector. He joined LegalZoom as COO in 2002, only one year after its founding, and helped the company reach nearly $500 million in revenue before stepping into direct investing and advisory roles in the legal and compliance sectors.
Founded in 2004, BryteBridge provides consulting and administrative services for nonprofit organizations in all stages, from startup to growth, while maintaining compliance. Nonprofit organizations use BryteBridge for services such as incorporation, state charity registration, annual report filing, 990 tax preparation and membership-based education programs.
Since its inception, the company has served over 45,000 nonprofits incorporate, obtain their 501(c)(3) status, and meet other administrative and development needs.
BryteBridge is now actively seeking to acquire complementary filing, document, compliance, and professional services companies that expand and strengthen the company’s offering and become a comprehensive formation and ongoing compliance partner to nonprofit and for-profit small and medium-sized clients.
FinSMEs
19/12/2023