Enlightenment Capital makes investment in Summit Technology Group

Enlightenment Capital, a venture capital firm based in the Washington, D.C. area, recently made an investment in Summit Technology Group (STG), a company based in Mechanicsburg, Pennsylvania that specializes in software for government, regulatory, and financial workflows. The specific financial terms of the investment were not disclosed, but the investment is intended to help accelerate the distribution of STG’s products.

Houlihan Lokey served as the financial advisor to STG in the transaction, while Dentons acted as legal advisor to STG and Moore & Van Allen provided legal advice to Enlightenment Capital. This strategic partnership between Enlightenment Capital and STG reflects a shared commitment to driving innovation and enhancing technology solutions in the government and regulatory sectors.

Thomas Young, a principal at Enlightenment Capital, expressed excitement about the partnership with STG, highlighting their track record of providing technology solutions to both government and commercial clients. He emphasized the potential for innovation and growth that the investment will bring, allowing STG to enhance their software and bring greater efficiency and transparency to government and regulatory processes.

In addition to their financial advisory role, Houlihan Lokey provided legal support to STG while Dentons acted as legal advisor to them. On the other hand, Moore & Van Allen assisted Enlightenment Capital with legal matters related to the transaction while Morrison & Foerster provided legal support to them too.

By Sophia Gonzalez

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