Newlight Partners, a growth-focused private equity firm, has made a growth equity investment in Constellation, a software-as-a-service enterprise technology company.
Constellation works to help brands and Fortune 500 companies in regulated industries to build, launch and manage targeted digital creative at scale. The investment comes as Constellation looks to grow its presence in its automotive and retail sectors, as well as expand into new industries such as pharmaceuticals, where its technology helps digital marketing campaigns for drug manufacturers. Proceeds from the investment will be used to support the growth of Constellation’s proprietary technology across the automotive, pharmaceutical and financial industries, as well as improve its service offerings to brands such as Volkswagen Group and Jaguar Land Rover, among others.
“I’m excited to partner with Newlight as we enter our next chapter and expand into new industries, including the highly attractive pharmaceutical sector, and execute strategic acquisitions to further accelerate Constellation’s growth,” states Diana Lee, co-founder and CEO of Constellation.