Investment Summary

PSG Invests In Next Glass

On April 23, 2020, growth capital firm PSG invested in software company Next Glass

Investment Highlights
  • This is PSG’s 13th transaction in the Software sector.
  • This is PSG’s 30th transaction in the United States.
  • This is PSG’s 3rd transaction in North Carolina.

Investment Summary
Date 2020-04-23
Target Next Glass
Sector Software
Investor(s) PSG
Deal Type Growth Capital
Advisor(s) Lumos Partners LLC (Financial)
Snell & Wilmer (Legal)

Target

Next Glass

Charlotte, North Carolina, United States
website
Next Glass is a global provider of software, content, and experiences in the beverage alcohol industry. Next Glass maintains a network of craft beverage consumers and industry employees. Next Glass was founded in 2013 and is headquartered in Charlotte, North Carolina.

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Investor(S) 1

Investor

PSG

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 35 of 102
Sector (Software) 13 of 32
Type (Growth Capital) 14 of 58
State (North Carolina) 3 of 3
Country (United States) 30 of 71
Year (2020) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Vehlo

Knoxville, Tennessee, United States

Vehlo is a provider of software and financial solutions for the automotive repair industry. Its product suite consists of everything the modern auto service provider needs to deliver an excellent customer experience and run a profitable business. Vehlo is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-19 Pacvue

Los Angeles, California, United States

Pacvue is a next-gen e-commerce software and data platform that offers a suite of solutions to help merchants optimize and track marketplace performance, social performance, and other performance analytics as well as resources in the form of market insights, content, and education. Pacvue was founded in 2019 and is based in Los Angeles, California.

Buy -
Mergr

Product

Company

Legal