COMS Interactive announced Wednesday it had secured a $21 million investment from Summit Partners, a growth equity firm.
The investment will be used for company expansion and adjacent product offerings, the company said. COMS currently offers Daylight IQ.
“COMS delivers an innovative SaaS offering that provides nursing homes and assisted living facilities with an affordable platform to better manage and improve the quality of care,” said Mark deLaar, a managing director with Summit Partners, who will join the COMS board of directors. “We are impressed by the strong ROI guarantee that COMS is able to demonstrate to its clients.”
Current investors in COMS include Zapis Capital Group, Next Sparc LLC, and Portal Capital LLC.