Investment Summary

Ballast Point Ventures and Lead Edge Capital Invest In PaceMate

On March 29, 2021, growth capital firms Ballast Point Ventures and Lead Edge Capital invested in medical products company PaceMate

Investment Highlights
  • This is Ballast Point Ventures’ 7th and Lead Edge Capital’s 1st transaction in the Medical Products sector.
  • This is Ballast Point Ventures’ 39th and Lead Edge Capital’s 24th transaction in the United States.
  • This is Ballast Point Ventures’ 17th and Lead Edge Capital’s 2nd transaction in Florida.

Investment Summary

Date 2021-03-29
Target PaceMate
Sector Medical Products
Investor(s) Ballast Point Ventures
Lead Edge Capital
Deal Type Venture

Target

PaceMate

Bradenton, Florida, United States
PaceMate provides a software and service solution for remote cardiac device management to hospital systems and independent cardiology clinics. PaceMate was founded in 2015 and is based in Bradenton, Florida.

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Investor(S) 2

Investor

Ballast Point Ventures

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ballast Point Ventures is a private investment firm that targets growth businesses located in the South US. Ballast Point looks to commit $1 to $5 million of equity capital per transaction and looks for businesses in markets with annual revenues of at least $100 million. Sectors of interest include healthcare, information technology (IT), financial services, communications, business services, and consumer products/services. Ballast Point Ventures was formed in 2001 and is based in St. Petersburg, Florida.


DEAL STATS #
Overall 39 of 44
Sector (Medical Products) 7 of 8
Type (Venture) 15 of 18
State (Florida) 17 of 19
Country (United States) 39 of 44
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 PowerDMS

Orlando, Florida, United States

PowerDMS, Inc. is a cloud-based policy management software company. The application provides practical tools to organize and manage critical content and industry standards, train, and test employees, and uphold proof of compliance, thereby helping organizations reduce risk and liability. The company simplifies document management through powerful collaboration, process, and automation. PowerDMS was formed in 2001 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-01 Suncoast Skin Solutions

Lutz, Florida, United States

Suncoast Skin Solutions provides comprehensive medical dermatology services across 19 Suncoast branded offices. Suncoast operates primarily within the large and growing, non-discretionary dermatology industry. Suncoast Skin Solutions was founded in 2008 and is based in Lutz, Florida.

Buy -
Investor

Lead Edge Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $10 to $200 million. Lead Edge Capital was established in 2009 and is headquartered in New York City.


DEAL STATS #
Overall 30 of 46
Sector (Medical Products) 1 of 1
Type (Venture) 17 of 26
State (Florida) 2 of 4
Country (United States) 24 of 37
Year (2021) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 Bumble

Austin, Texas, United States

Bumble is a women-first dating application and social community that creates empowering connections in love (Bumble Date), life (Bumble BFF), and work (Bumble Bizz). Bumble is part of the MagicLab family of companies, which also owns Badoo, an international dating app. Bumble was founded in 2014 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 SafeSend

Ann Arbor, Michigan, United States

SafeSend offers several foundational technology solutions for the tax and accounting profession. SafeSend’s mission is to automate the tax and accounting profession with innovative, emerging technologies that help practitioners work more efficiently and serve their clients better. SafeSend is based in Ann Arbor, Michigan.

Buy -