We’re proud to announce our growth investment in Vancouver-based Clariti Cloud (“Clariti”). Led by Cyrus Symoom, and Jake Dancyger, and acquired through their search process in 2020, Clariti is the premier SaaS provider for permitting and licensing solutions to state, provincial, and local governments in the U.S. and Canada.
“Permitting and licensing are primary revenue drivers for local governments and Clariti ensures that their customers can deliver modern solutions to their citizens,” says Neil Kenley, Principal at Vistara Growth. “We have been able to see first-hand the benefits that Clariti can provide customers through the modernization of legacy systems. Clariti drives significant improvements in speed and ease of use for both government employees and the citizens who use their platform – all while reducing the overall cost of ownership for the provider.”
Clariti Secures US$18M Investment from Vistara Growth to Drive Digital Transformation in Government
Vancouver, April 10, 2024 – Vistara Growth, a provider of flexible growth capital to software and technology-enabled services companies, has invested US$18M in Vancouver-based Clariti Cloud Inc. (“Clariti”), the premier SaaS provider for permitting and licensing solutions to state, provincial and local governments in the U.S. and Canada.
The Company’s software allows local governments to improve productivity and service quality to citizens by streamlining and automating processes. Their fully digital end-to-end permitting platform takes an application through to issuance, enforcement, and management. Customers choose Clariti for their cloud capabilities, highly configurable platform with innovative features, and excellent security and scalability. Clariti’s software transforms permitting and licensing from slow, frustrating in-person and paper processes to modern, streamlined digital experiences, generating additional revenue for governments and vastly improving the constituent experience.
“Permitting and licensing are primary revenue drivers for local governments and Clariti ensures that their customers can deliver modern solutions to their citizens,” says Neil Kenley, Principal at Vistara Growth. “We have been able to see first-hand the benefits that Clariti can provide customers through the modernization of legacy systems. Clariti drives significant improvements in speed and ease of use for both government employees and the citizens who use their platform – all while reducing the overall cost of ownership for the provider.”
Across government technology, there’s been a growing need to modernize and upgrade legacy and on-premises systems. A software refresh cycle that picked up speed with the need for cloud deployments during the COVID-19 Pandemic, has continued to accelerate as governments increasingly recognize the power of SaaS solutions that benefit from ongoing development and new features.
Proceeds from the growth financing will primarily be used to expand Clariti’s go-to-market teams, build on relationships with system integrators and support an increased number of implementations as Clariti has continued to see meaningful new opportunities in the market. Additionally, the financing will further enable the development of additional features and support the integration of Camino, an innovative permitting technology provider acquired by Clariti in 2023.
Clariti Co-CEO, Cyrus Symoom commented “We are witnessing accelerated demand for digital government services, underscoring the critical need for innovative solutions to meet evolving citizen needs. In light of this, we are truly excited to partner with Vistara as we embark on the next phase of our company’s growth journey. Their reputation for creativity, thoughtfulness, and emphasis on a relationship-oriented approach seamlessly compliments our organizational values and strategic goals. This partnership marks a significant step forward in our commitment to innovation and client satisfaction, propelling us towards sustained growth and success.”
About Clariti
Clariti’s government software helps North America’s largest and fastest-growing communities deliver exceptional community development, permitting, and licensing experiences online. Founded in 2008, Clariti is built as an alternative to code-heavy, non-configurable systems that create technology barriers for governments to meet their community’s evolving needs. Governments should be able to dictate how their software works. To us, that means providing our customers with a system that’s maintained with clicks, not code, to relieve pressure on technical resources and better support citizens and staff. For further information about Clariti, please visit www.claritisoftware.com.
About Vistara Growth
Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in. For more information, visit vistaragrowth.com
Looking for Flexible Growth Capital?
Read our case studies to learn how our growth debt and equity solutions have enabled our founders and helped our portfolio companies.
