M&A Deal Summary

DoubleVerify Acquires OpenSlate

On November 9, 2021, DoubleVerify acquired software company OpenSlate from Spring Mountain Capital for 150M USD

Acquisition Highlights
  • This is DoubleVerify’s 1st transaction in the Software sector.
  • This is DoubleVerify’s largest (disclosed) transaction.
  • This is DoubleVerify’s 2nd transaction in the United States.
  • This is DoubleVerify’s 1st transaction in New York.

M&A Deal Summary
Date 2021-11-09
Target OpenSlate
Sector Software
Buyer(s) DoubleVerify
Sellers(s) Spring Mountain Capital
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

OpenSlate

New York, New York, United States
website
OpenSlate is a global, content-focused measurement and analytics company. OpenSlate’s technology and independent rating system provide insight into the nature and quality of content on the world’s largest digital platforms. OpenSlate was founded in 2012 and is based in New York City.

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Buyer(S) 1

Buyer

DoubleVerify

New York, New York, United States

website

Category Company
Founded 2008
Sector Internet Software and Services
Employees902
Revenue 452M USD (2022)
DESCRIPTION

DoubleVerify is a provider of online media verification, offering a comprehensive suite of advertising verification monitoring, blocking and compliance solutions. DoubleVerify was incorporated in 2008 and is based in New York, New York.

DEAL STATS #
Overall 5 of 6
Sector (Software) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Meetrics

Berlin, Germany

Meetrics is an ad verification company, that offers comprehensive media quality measurement and solutions, across viewability, fraud, and brand safety and suitability. Meetrics Meetrics was founded in 2008 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 Scibids

Paris, France

Scibids is a provider of AI-powered digital advertising decisioning. Scibids AI is designed for advertisers, agencies, and all media buyers who want to improve the effectiveness and scale of their advertising campaigns. Scibids’ customizable AI auto-generates algorithms that fuel performance without relying on user tracking or profiling. Scibids was founded in 2016 and is based in Paris, France.

Buy $125M

Seller(S) 1

SELLER

Spring Mountain Capital

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Spring Mountain Capital is a growth capital firm focused on providing expansion capital to tech-enabled companies across North America. The Firm looks to invest in earlier stage companies ($2 to $10 million of revenue) with high growth rates, proven products/services, and a path to profitability. Spring Mountain generally looks to commit $5 to $15 million per transaction. Spring Mountain Capital was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 18 of 18
Sector (Software) 2 of 2
Type (Add-on Acquisition) 16 of 16
State (New York) 4 of 4
Country (United States) 18 of 18
Year (2021) 6 of 6
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Hurel

North Brunswick Township, New Jersey, United States

Hurel uses cell biology and microfluidics in a “chip” to help drug companies predict pre-clinically the drug candidates with the best chances of winning FDA approval. Hurel was founded in 2005 and is based in North Brunswick Township, New jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-12 Ankyra Therapeutics

Boston, Massachusetts, United States

Ankyra Therapeutics, a company developing cancer therapies based on tumor localized immune potentiating agents that boost anti-tumor immune responses, Ankyra was founded in 2019 and is headquartered in Boston, Massachusetts.

Buy -
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