Investment Summary

Essex Bay Capital Invests In Munetrix

On September 28, 2021, private equity firm Essex Bay Capital invested in internet software and services company Munetrix

Investment Highlights
  • This is Essex Bay Capital’s 1st transaction in the Internet Software and Services sector.
  • This is Essex Bay Capital’s 1st transaction in the United States.
  • This is Essex Bay Capital’s 1st transaction in Michigan.

Investment Summary
Date 2021-09-28
Target Munetrix
Sector Internet Software and Services
Investor(s) Essex Bay Capital
Deal Type Growth Capital

Target

Munetrix

Novi, Michigan, United States
website
Munetrix is a provider of decision support software that delivers financial forecasting, benchmarking, transparency, and student and teacher performance analytics. Munetrix empowers municipal leaders, school administrators and finance leaders to make informed financial, strategic, and academic decisions. Munetrix was founded in 2010 and is based in Novi, Michigan.

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Investor(S) 1

Investor

Essex Bay Capital

Investor Investor Investor

website

Category Private Equity Firm
Founded 2021
Size Small
Type Sector Agnostic
DESCRIPTION

Essex Bay Capital is a private equity firm that looks to invest in small to mid-sized companies to help accelerate growth. The Firm targets profitable businesses ($2 to $10 million of EBITDA) valued up to $100 million. Areas of interest include software, business services, distribution, medical products, industrial technologies, food, and consumer products. Essex Bay Capital was formed in 2021 and is headquartered in Essex, Massachusetts.

DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 2
Type (Growth Capital) 1 of 3
State (Michigan) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Divvy Engagement Solutions

Bellevue, Washington, United States

Divvy Engagement Solutions is an employee engagement, culture, rewards, and analytics platform that harnesses the power of recognition, values reinforcement, and open communication to help organizations boost engagement, reduce turnover, improve culture, and drive high performance in a digital, highly distributed work landscape. The company delivers analytics on culture, results, and ROI, providing non-cash and cash compensation for milestones, occasions, rewards, and perks. Its white-label platform is consistent with your brand and cultivates happier employee relationships. Divvy Engagement Solutions was founded in 1998 and is based in Bellevue, Washington.

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