Demonstrates Union Square Advisors’ extensive platform in providing comprehensive advisory services to leading investment firms and deep expertise in the HR Tech and global mobility management software sectors
On July 1, 2025, Union Square Advisors announced that it served as exclusive financial advisor to Topia, a leader in Global Mobility Management and Distributed Work Compliance platform, in its majority recapitalization by Bow River Capital, a Denver-based alternative asset manager.
Founded in 2010, Topia has established a strong presence across numerous Global 2000 industry verticals, delivering solutions to marquee clients from its new global headquarters in Denver, Colorado. Topia’s platform centralizes global workforce compliance and regulatory/tax withholding risks for companies of all sizes.
David J. Walters, President and CEO at Topia stated, “Our number one company priority is aimed at delivering significant value and best practices outcomes to our global clients, synchronized with major investments in new product and technology. From Day 1, we worked in lockstep with Bow River Capital’s SGE team on the due diligence and strategic plan, and we are all-in on building another big SaaS human capital management winner.”
Sean O’Connell, Vice President on Bow River Capital’s SGE team and deal team leader said, “We deeply diligenced and gained robust conviction in the $10 billion addressable market aimed at innovating the global mobility and remote workforce management space. We have underwritten several transformative initiatives at Topia anchored by major R&D investments leveraging artificial intelligence-enabled core technology and actionable data-backed analytics to bolster remote workforce planning and optimized execution.”
“Union Square Advisors is incredibly pleased to partner with the Topia team as we continue to expand our presence and influence in the HR Tech space,” said Carter McClelland, Chairman at Union Square Advisors.
For more information, read the full press release here.
