23-04-2025
- Business
- Wall Street Journal
Summit Partners Backs Grant-Management Company Instrumentl
Growth equity firm Summit Partners invested $55 million in Instrumentl, a startup that helps nonprofits and universities find and manage grants at a time when the U.S. government is overhauling how and how much federal money is distributed to align with President Trump's priorities.
Universities, for example, often receive significant sums from federal sources for student loans, Pell Grants and research funding.
