BETA: The Capitalization Report v20.02.13


RHC MIT Alumni SPV

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EDITORS NOTE: Today we focus on recent SaaS deals.  Here are the keywords for us today: SaaS, SaaSWorks, Rimilia, Talage, Powell Software, EquityBee, Spectrum Equity, Morgan Stanley Capital Partners, Kleiner Perkins, KKR Global Impact Fund SCSp

SAAS DEAL FLOW

  • SaaSWorks, a Boston, MA-based company that delivers operational solutions for scaling SaaS businesses, raised $5m in funding.  The round was led by Conversion Venture Capital with participation from unnamed SaaS CEOs, CFOs and executives.
  • Talage, a Reno, Nevada-based SaaS-based digital insurance platform, raised $5 million in Series A funding. Merus Capital led the round and was joined by investors including Calibrate Ventures, WTI and Hallador Investment Advisors. 
  • Rimilia, a U.K.-based SaaS-based fintech company, raised $15 million in funding. Investors include Eight – Roads Ventures, Kennet Partners, and Silicon Valley Bank.
  • Attentive, a personalized mobile messaging SaaS platform for brands, raised $70 million in Series C funding. Sequoia and IVP co-led the round and were joined by investors including Eniac Ventures and NextView Ventures.
  • SimScale, a Germany-based provider of a SaaS application for engineering simulation, today raised €27 million ($29.8 million) in Series C funding. Insight Partners led the round and was joined by investors including Earlybird, Union Square Ventures, June Fund, Vito Ventures, Bayern Kapital, and High-Tech Gründerfonds. 
  • Powell Software, a digital workplace, and intranet SaaS software provider raised $16 million in funding. Level Equity and Cap Horn co-led the round
  • Partnerize, a U.K.-based SaaS partner automation platform, raised $50 million in funding. Accel-KKR led the round.

FUNDS WE KNOW (KNEW)

  • Apax Partners agreed to acquire Cadence Education, a Scottsdale, Ariz.-based provider of early childhood education in North America, from Morgan Stanley Capital PartnersFinancial terms weren’t disclosed. 
  • Nova Credit, a cross-border consumer credit reporting startup, raised $50 million in funding. Kleiner Perkins led the round and was joined by investors including Canapi Ventures and existing investors Index Ventures, General Catalyst, Nyca Partners, Sound Ventures, Alex Rodriguez and U2 guitarist the Edge.
  • Headspace, a global leader in mindfulness and meditation, today announced it raised a total of $93 million in its Series C funding round. The round was led by blisce/, with participation from Waverley Capital and Times Bridge – the global investments and partnerships arm of The Times Group of India – and existing investors The Chernin Group, Spectrum Equity, and Advancit Capital. The new funding includes $53 million of equity from participating investors and $40 million of debt capital from Pacific Western Bank.
  • EquityBee, a Los Angeles-based startup that helps employees with stock options funding, raised $6.6 million in funding. Group11 led the round and was joined by investors including Battery Ventures and LocalGlobe.
  • Snowflake, a San Mateo, Calif.-based cloud-based data warehouse company, raised $479 million at a $12.4 billion valuation. Dragoneer Investment Group led the round and was joined by investors including Salesforce Ventures, Altimeter Capital, ICONIQ Capital, Madrona Venture Group, Redpoint Ventures, Sequoia Capital, and Sutter Hill Ventures.
  • Cherre, a New York-based real estate data, and analytics platform, raised $16 million in funding.  Intel Capital led the round and was joined by investors including Navitas Capital, Carthona Capital, Zigg Capital, Dreamit Ventures, and Silicon Valley Bank.
  • Worlds, a Dallas-based spatial AI company spun out of Hypergiant Sensory Sciences, raised $10 million in Series A funding.  Align Capital led the round and was joined by investors including Chevron Technology Ventures, PIVA, and Hypergiant Industries.

OTHER NEWS OF INTEREST

  • KKR, a New York-based global investment firm, raised $1.3 billion for its KKR Global Impact Fund SCSp.
  • Global bank Citi launched a $150m impact fund designed to make equity investments in private sector companies that have a positive impact on society
  • Praetorian, an Austin-based cybersecurity company, raised $10 million in Series A funding. Investors include Bill Wood Ventures and McKinsey & Company.

PRESS RELEASE PICKED BY EDITOR

KKR Closes $1.3 Billion Global Impact Fund, Fund to Invest in Solutions-Oriented Businesses, February 12, 2020 07:00 AM Eastern Standard Time

NEW YORK–(BUSINESS WIRE)–KKR, a leading global investment firm, today announced the final closing of KKR Global Impact Fund SCSp (“KKR Global Impact” or the “Fund”), a $1.3 billion fund dedicated to investment opportunities in companies whose core business models provide commercial solutions to an environmental or social challenge.

Read More: https://www.businesswire.com/news/home/20200212005060/en/

IN on Deck – keep it simple


“One should use common words to say uncommon things” – Arthur Schopenhauer

Again we trying to pivot and open with quote!  I have to say keep it simple from your words to your goals as it helps in getting results!

Our goal is networking for results!  Our moto is “Say Provocative statements that intelligent people argue about fast without dotting your i’s and crossing your t’s. As life is all about fun, networking, and results!” – JD Morris

When working with people keep it simple, keep it core, use common words, and bottom line is focus on results (i.e. simple, core, common, etc.).  However, you will need to hunt, chase, hound, pursue relentlessly, etc.  being provacative, pushy, creative, etc. to get results!  Must people do not take action!

FYI: I waiting for 5 plus people to send me information to move forward with just simple summary of their business! Not even full executive summary.  I need a bad cop on my team!

COOL .JPG

Although you can say things have slowed down and hard to get results from people, I think it fair to say Unicorns are still trending!  People are still taking actions and getting results! CB Unicorn

DEAL DUMP

Let us do two day strategy with organic and M&A strategies to help you take action and get results!  1q2016 action = people needing to meet their 2016 goals (i.e. executive bonuses based on results)!  Look for lots small deals that will not make the press!

We have done deals with Spectrum Equity, GE, to name a few!  More important, here is the data dump:

  • Spectrum Equity has invested in Tenstreet, a Tulsa, Okla. provider of driver recruiting and workflow management software for the trucking and transportation industry. Financial terms were not disclosed.
  • GE has acquired Bit Stew Systems, a Vancouver, B.C.-based machine learning platform, and Wise.io, a Berkley, Calif.-based advanced machine learning technology. Financial terms were not disclosed. Bit Stews raised $24.3 million from investors including GE Ventures, Cisco Investments, and Yaletown Partners. Wise.io raised $3.6 million from investors including Voyage Capital.
  • Anchorage Capital Group and Little John & Co. have sold Contech Engineered Solutions, a West Chester, Ohio-based provider of infrastructure services for engineers, contractors, and architects, to QUIKRETE Holdings. Financial terms were not disclosed.
  • Five Points Capital has invested in the previously announced LNC Partners-led recapitalization of OutSolve, a Metairie, La. provider of affirmative action planning and compliance services for federal contractors.
  • Rubicon Oilfield International, a Warburg Pincus portfolio company, has bought Top-Co Holding, a provider of oilfield casing, cementing and completion products. No financial terms were disclosed.
  • FFL Partners has agreed to acquire Crisis Prevention Institute, a St. Louis-based provider of crisis prevention, non-violent physical intervention, and dementia care training, from Brockway Moran & Partners. Financial terms were not disclosed.
  • Koch Equity Development, the investment arm of Koch Industries, has invested $2.5 billion for a stake in Infor, which sells financial and manufacturing software to businesses. The deal values Infor at $10 billion. The company’s existing shareholders, including Golden Gate Capital, Summit Partners, and Management, will maintain control of the company.
  • Wireless communications provider NewNet Communication Technologies, a Skyview Capital portfolio company, has agreed to sell its RCS Business to Samsung. Financial terms were not disclosed.
  • Bernhard Capital Partners-backed Brown & Root Industrial Services, a Baton Rouge, La.-based operator of engineering, construction, and maintenance services, has acquired MEI Group, a Malvern, Pa. full-service turnaround specialist for industrial facilities globally. Financial terms were not disclosed.
  • Teakwood Capital has invested in HomeSphere, a Denver provider of digital lead generation and customer retention tools for builders and contractors. Financial terms were not disclosed.
  • Peak Rock Capital has sold Koroseal Interior Products, a Fairlawn, Ohio-based company that distributes and manufactures commercial interior products, to Sangetsu Corp. Financial terms were not disclosed.
  • FineLineTechnologies, a Norcross, Ga.-based provider of data and RFID solutions, has undergone a recapitalization from Summit Partners. Terms of the recap were not disclosed.
  • Phononic, a Durham, N.C.-based provider of solid-state cooling and heating technology, closed a $71 million investment with an additional $40 million in funding from UBS’ wealth management businesses. The syndicate of investors includes GGV Capital, Lookout Capital, Eastwood Capital Corp, Venrock, Oak Investment Partners, Tsing Capital, Huaneng Invesco WLRoss, Wellcome Trust and Rex Healthcare Ventures.

DISCLIAMER: Please always check with the website of the company or investor as this information is from the Associated Press, Bloomberg, CB Insights, Forbes, Reuters, Wall Street Journal, or other 3rd party sources.

BOTTOM LINE

You would be amazed how many deals from ideas, accredited, Venture Capital, Private Equity, etc. are done each week!  Bottom line come to SoCal (or DC, Hong Kong, London, NYC, and few other great location we know well) and let us relax, enjoy life, and make your strategy and vision unfold for 2017!

Happy Networking & Investing,

JD Morris

JD Morris

https://www.linkedin.com/in/jdmorris

Here is our tag line: “Say Provocative statements that intelligent people argue about” fast without “dotting your i’s and crossing your t’s.” Here is where you can find us below the .JPG logo!

investor-network

 

1. Facebook with 3.2+ subscribers (best URL)

https://www.facebook.com/InvestorNetwork/

2. My Linkedin Profile (best referrals to date)

https://www.linkedin.com/in/jdmorris

3. Linkedin Sell Your Company with 9,527 members

https://www.linkedin.com/groups/2593533

4. LinkedIn Investor Network with 5,180 members

https://www.linkedin.com/groups/53760

5. Investor Network Newsletter with 70K plus members

RSVP investornetworkbyJD@Gmail.com

6. Accredited Investor Network with 12k plus accredited investor members

RSVP info@AccreditedInvestorNetworking.com

7. Tweeter  @INbyJD has 1,504 subscribers

https://twitter.com/INbyJD

8. Tweeter @investingbyJD has 1,329 subscribers

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9. Instagram Growth Capital by JD has 239 followers (just launched)

https://www.instagram.com/growthcapitalbyJD/

10. Pintrest (just launched)

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