Investment Summary

Vistara Capital Partners and Acton Capital Invest In Mobify

On September 21, 2017, private equity firm Vistara Capital Partners and venture capital firm Acton Capital invested in information technology company Mobify

Investment Highlights
  • This is Vistara Capital Partners’ 2nd and Acton Capital’s 1st transaction in the Information Technology sector.
  • This is Vistara Capital Partners’ 5th and Acton Capital’s 3rd transaction in Canada.
  • This is Vistara Capital Partners’ 2nd and Acton Capital’s 3rd transaction in British Columbia.
Investment Fate
  • Mobify was sold to a publicly-traded strategic buyer in 2020.

Investment Summary

Date 2017-09-21
Target Mobify
Sector Information Technology
Investor(s) Vistara Capital Partners
Acton Capital
Deal Type Growth Capital

Target

Mobify

Vancouver, British Columbia, Canada
website
Mobify is a provider of Progressive Web Apps for e-commerce for retailers and brands that want to close the gap between desktop and mobile conversion rates, keep up with customer expectations and win loyal customer relationships. The Mobify Platform delivers a unified customer experience across mobile web and apps while building customer relationships through push notifications and store drivers. Mobify was founded in 2007 and is based in Vancouver, British Columbia.

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Investor(S) 2

DESCRIPTION

Vistara Capital Partners is a growth focused private equity firm that makes investments in technology and technology-enabled service companies across North America. The Firm looks to invest between $3 and $10 million in companies generating sales greater than $10 million. Vistara Capital Partners was formed in 2015 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 7 of 12
Sector (Information Technology) 2 of 4
Type (Growth Capital) 5 of 10
State (British Columbia) 2 of 4
Country (Canada) 5 of 7
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 InvestEdge

Canonsburg, Pennsylvania, United States

InvestEdge serves Financial Institutions with software for compliance, portfolio management, and UMA accounting. InvestEdge's software allows wealth managers to tie any data source into portfolio accounting while providing deep visibility to an Advisor and compliance teams. InvestEdge was founded in 2000 and is based in Canonsburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Syscon Justice Systems

Richmond, British Columbia, Canada

Syscon Justice Systems Ltd. is a provider of an Offender Management Systems, with major deployments in the US, Canada, UK, and Australia. Syscon offers a full suite of solutions, including prison management, jail management, trust accounting, inmate health records, probation and parole monitoring, and risk assessment tools.

Sell -
Investor
DESCRIPTION

Acton Capital is a late-stage venture capital firm focused on investing in web-based companies benefiting from the 'digital revolution'. The Firm has a special interest in companies and sectors benefiting from the transition to online activity and will consider opportunities across Europe and North America. Acton Capital Partners was formed in 1999 and is headquartered in Munich, Germany.


DEAL STATS #
Overall 26 of 39
Sector (Information Technology) 1 of 5
Type (Growth Capital) 8 of 8
State (British Columbia) 3 of 3
Country (Canada) 3 of 5
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Zenjob

Berlin, Germany

Zenjob is a digital staffing agency that arose as a response to the growing demand for flexibility and digitization in HR. Zenjob is a tech company and with a license as temp-agency Zenjob connects supply and demand and processes jobs end to end. This includes interviewing, hiring, staffing, and payrolling. Zenjob was founded in 2015 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 MPB Europe

Brighton, United Kingdom

MPB Europe is a specialist online marketplace for second-hand photographic and filmmaking equipment. The company offers a hassle-free and secure process for sellers and a retail experience that makes buying used equipment as simple and enjoyable as buying new. MPB Europe was founded in 2011 and is based in Brighton, United Kingdom.

Buy -