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Fraxion

The Deal

Bought By
Stanton Jandrell
Year
Not published by any primary source
Two backers carry it and they disagree by a year: one says in prose that it invested in 2016 and exited in 2025, the other publishes 2017 and a status of Exited. Neither states a month, so neither is the better source. The company's own site is a live product site for purchasing software, with no history section and nothing about who owns it. One filing turns up under the searcher's surname and it is not this deal: a Seattle vehicle that raised $4.45M with a first sale in February 2019, three years after the earlier claimed year and two after the later.
Vehicle
Backed by Search Fund Partners and Pacific Lake Partners
Kind
Software

Cloud purchasing software covering requisitions, approvals, budgets and spend control for mid-sized organizations.

What Happened Next

Both backers report exiting, one of them dating it to 2025, and neither names a buyer or a structure.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Search Fund Partners

Pacific Lake Partners

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts rather than inferred.

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. One backer names Stanton Jandrell as chief executive beside a 2016 investment and an exit in 2025; the other's table carries the same name against 2017 and a status of Exited. Neither states a purchase, and the two years are the reason this row publishes none.