IN THE NEWS
SIMON RAISES $100MM IN SERIES B FUNDING
July 22, 2021
SIMON Markets LLC , a fintech company transforming the digital wealth management landscape through its leading platform for financial professionals, and which makes risk-managed and alternative investment solutions broadly available, has closed the first leg of a strategic financing round of up to $100 million of growth capital.
The Series B round is led by WestCap, a growth equity firm founded by Laurence Tosi, former CFO of Airbnb and Blackstone, known for investments backing market leading tech-enabled, asset-light companies.
PLURALSIGHT TO ACQUIRE A CLOUD GURU
June 2, 2021
Combination provides the deepest and most effective hands-on learning solutions to drive cloud certifications and business cloud maturity.
"Technology is the number one differentiator for all businesses and the technology skills of your team is what determines success or failure. Nowhere is that more apparent than with cloud technologies," said Aaron Skonnard, Co-founder and CEO of Pluralsight. "With the acquisition of A Cloud Guru, we can now provide an all-in-one solution to accelerate the cloud skill development journey for large enterprise customers and individual learners."
CYBERSECURITY FIRM IBOSS RAISES $145 MILLION
January 5, 2021
The Boston-based firm has raised $145 million in a bid to capitalize on the accelerated growth in cloud computing in recent months, as many businesses reoriented their budgets away from protecting networks tied to offices and toward securing cloud-based applications.
CLOUD SECURITY COMPANY PITCHES NEW PRODUCT
May 19, 2021
As millions of homebound employees led to heightened hacking fears, cloud security company iboss has a new offering amid many choosing to keep working from home.
CEO Paul Martini defines this new package as part of the company's overall services that are similar to the TSA. “The same way that TSA goes through bags looking for any malicious content or anything like that, we do the exact same thing, but through computer software.”
IBOSS CONTINUES STRONG MOMENTUM WITH RECORD GROWTH IN Q2
July 20, 2021
iboss, the leading Secure Access Service Edge (SASE) cloud security provider, today announced that it closed the second quarter of 2021 with record growth. Since raising $145M in early January to propel the company’s go-to-market efforts, iboss’ momentum has continued to exponentially accelerate.
New business bookings increased 110% in comparison to the second quarter of 2020, driven by several industry-leading product announcements, industry accolades and executive new hires.
A CLOUD GURU RAISES $33M GROWTH EQUITY ROUND LED BY SUMMIT PARTNERS
April 29, 2019
A Cloud Guru has closed a growth equity investment led by Summit Partners, alongside AirTree Ventures and existing investor Elephant. The company, a clear leader in online cloud computing training and talent development, will use the funding to accelerate hiring across the globe, expand its content library with specialized courses and labs taught by a growing roster of expert instructors and continue to build out features to help enterprises drive cloud adoption.
AMOUNT RAISES $99MM AT A $1B+ VALUATION
May 17, 2021
Amount, a company that provides technology to banks and financial institutions, has raised $99 million in a Series D funding round at a valuation of just over $1 billion.
Notably, the investment comes just over five months after Amount raised $86 million in a Series C at a valuation of $686 million.
AMOUNT RAISES $81MM AT $686MM VALUATION
December 2, 2020
Amount, a new service that helps traditional banks compete in a digital world, has raised $81 million as it looks to help legacy fintech players compete with their more nimble digital counterparts.
BROADRIDGE INVESTS IN LIQUIDX
November 5, 2020
Earlier this week, New York startup LiquidX announced a multi-year funding from Broadridge Financial, which becomes its biggest investor. LiquidX is a trade finance platform that launched a digital asset blockchain solution InBlock in August. As a company, it says it has processed more than $100 billion in “cash management activity” since inception.
ECHELON RAISES $65 MILLION
December 28, 2020
Echelon Fitness, the innovative connected fitness brand, has completed a $65 million financing led by Goldman Sachs Growth, along with participation from existing investor, North Castle Partners; Piper Sandler acted as exclusive financial advisor to Echelon Fitness, all helmed by the dynamic serial entrepreneur Lou Lentine.
ACRONIS ANNOUNCES A $147 MILLION INVESTMENT ROUND
September 18, 2019
Acronis, a global leader in cyber protection, today announced a $147 million investment round. The investment round sets the valuation of the company to over one billion dollars and enables Acronis to expand its engineering team in Singapore, Bulgaria and Arizona, build additional data centers, and grow through acquisitions.
ACRONIS RECEIVES MORE THAN $250M INVESTMENT AT A $2.5B VALUATION
May 4, 2021
Acronis, the global leader in cyber protection, is pleased to announce that it has received more than $250 million funding round from CVC Capital Partners VII and other investors. Acronis will use the funds to further accelerate growth by expanding its unique portfolio of natively integrated cyber protection products. The investment values the company at more than $2.5 billion.
VETERAN GROWTH EXECUTIVE JOHN CONNOLLY JOINS SMART DRIVE BOARD OF DIRECTORS
March 31, 2020
Sixth Street Partners Senior Advisor Brings Tech Expertise and Track Record of Innovation, Vision and Execution to Help Drive SmartDrive Growth Trajectory.
“On the heels of the $90 million funding round led by Sixth Street late last year, I’m thrilled to join the SmartDrive Board,” stated Connolly.
KATE FARMS CLOSES $51 MILLION SERIES B
November 12, 2020
Kate Farms, the market leader bringing plant-based nutrition into healthcare, is pleased to announce the completion of its Series B round of funding, led by Goldman Sachs with additional participation from Kaiser Permanente Ventures and existing individual investors, for a raise of $51 million.
GOLDMAN SACHS BACKS ELECTRIC TOOTHBRUSH STARTUP BURST ORAL CARE
May 6, 2020
Burst Oral Care, a startup that sells an electric toothbrush boasting charcoal bristles and 33,000 sonic vibrations per minute, has raised a Series C of undisclosed size. Burst says it more than doubled the valuation from its previous round.
AGP GROUP ANNOUNCES MINORITY INVESTMENT FROM GOLDMAN SACHS
May 7, 2018
American Glass Products, a global leader in state-of-the-art specialty glass production, today announced a minority investment led by Goldman Sachs Private Capital Investing. DBO Partners acted as financial advisor to AGP. The investment follows years of substantial growth in AGP’s core business units (AGP Defense, AGP Security and AGP eGlass), more than tripling the group’s global revenues over the last five years.
WÜRK RAISES $3.5M IN OVERSUBSCRIBED SERIES AA
April 22, 2021
Würk, the first and leading Human Capital Management (HCM) company for the cannabis industry, announced the successful close of its substantially oversubscribed $3.5 million Series AA round of financing. Wurk previously raised a combined $22 million in Seed and Series A rounds of funding.
HOPPER AND CAPITAL ONE ANNOUNCE LONG-TERM PARTNERSHIP
March 24, 2021
Today, we’re pleased to share two major announcements. First, we’ll be partnering with Capital One to create the new and improved Capital One Travel, a brand-new, innovative customer booking experience built for Capital One cardholders. Secondly, we just closed a Series F round of $170 million led by Capital One, with participation from new and existing investors GS Growth, Inovia Capital, WestCap Group, and Citi Ventures.
BUILDING ENGINES RAISES ADDITIONAL $12.7 MILLION
October 15, 2019
Building Engines, the leading provider of building operations software for commercial real estate owners, operators and occupants, today announced a $12.7 million investment led by existing investor, Wavecrest Growth Partners, with participation from River Cities Capital Funds, MassMutual Ventures, and Camber Creek Ventures. This investment follows the investor group’s initial investment of $26.5 million into Building Engines in 2016.
SMARTDRIVE RAISES $90MM LED BY TPG SIXTH STREET PARTNERS
September 12, 2019
SmartDrive Systems, Inc. a leader in video-based safety telematics and transportation intelligence, has secured $90 million in financing, with TPG Sixth Street Partners leading the investment with participation from existing investors.
Established in 2005, SmartDrive is a pioneer and recognized innovator in video-based safety telematics.
RECENT EXITS
EPISERVER TO ACQUIRE OPTIMIZELY, THE WORLD’S LEADING EXPERIENCE OPTIMIZATION PLATFORM
September 3, 2020
Episerver, a leader in the Gartner Magic Quadrant for Digital Experience Platforms, announced today that it has entered into a definitive agreement to acquire Optimizely, the leader in experimentation and optimization. This combination creates the most advanced digital experience platform to optimize every customer touchpoint across the entire user journey.
“For nearly three decades, Episerver has helped businesses create content-driven digital experiences for our customers,” said Alex Atzberger, CEO of Episerver. “Today, we are announcing the most significant transformation in our company’s history – one that will set a new industry standard for digital experience platforms.
VISTA EQUITY’S OMNITRACS TO BUY TRANSPORTATION-TECHNOLOGY COMPANY SMARTDRIVE FOR $450 MILLION
September 9, 2020
Omnitracs, which is backed by Vista Equity Partners, has agreed to buy transportation-technology company SmartDrive Systems.
The deal is valued at $450 million, Barron’s has learned. SmartDrive, which provides cameras and video-based technology that alerts trucking companies to dangerous environmental conditions such as high winds or construction sites. The technology also detects risky driver behavior like talking on cell phones, fatigue or when eyes aren’t on the road.
QUANTERIX CORPORATION ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
December 7, 2017
Quanterix Corporation (NASDAQ:QTRX), a company with a next generation, ultra-sensitive digital platform that advances precision health, today announced the closing of its initial public offering. Quanterix received $73,747,200 in gross proceeds from the offering, prior to deducting underwriting discounts and commissions and offering expenses payable by the company.
VISTA EQUITY PARTNERS ACQUIRES 7PARK DATA
December 11, 2018
7Park Data, a provider of data analytics software and leading performance indicators to the world’s most sophisticated Institutional Investment Firms and Fortune 500 companies, today announced it has been acquired by Vista Equity Partners (“Vista”), the leading investment firm focused on software, data, and technology-enabled businesses.