Investment Summary

CapitalG and General Atlantic Invest In Gusto

On January 1, 2014, corporate investor CapitalG and growth capital firm General Atlantic invested in internet software and services company Gusto

Investment Highlights
  • This is CapitalG’s 7th and General Atlantic’s 19th transaction in the Internet Software and Services sector.
  • This is CapitalG’s 8th and General Atlantic’s 61st transaction in the United States.
  • This is CapitalG’s 6th and General Atlantic’s 13th transaction in California.

Investment Summary

Date 2014-01-01
Target Gusto
Sector Internet Software and Services
Investor(s) CapitalG
General Atlantic
Deal Type Venture

Target

Gusto

San Francisco, California, United States
Gusto is a cloud-based payroll, benefits, and HR management software platform tailored to small businesses. Gusto reimagines payroll, benefits, HR, and personal finance by streamlining and simplifying the most complicated, impersonal business tasks and making them delightful. Gusto was founded in 2012 and is based in San Francisco, California.

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Investor(S) 2

Investor

CapitalG

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2013
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

CapitalG is the growth equity and direct investment arm of Alphabet, Inc. CapitalG invests in emerging tech-enabled service companies and assists with providing tactical advice across key functional areas such as engineering, product, sales, and marketing. CapitalG was formerly known as Google Capital. The Unit was formed in 2013 and is based in San Francisco, California.


DEAL STATS #
Overall 9 of 35
Sector: Internet Software and Services M&A 7 of 18
Type: Venture M&A Deals 5 of 26
State: California M&A 6 of 15
Country: United States M&A 8 of 30
Year: 2014 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-02 Lending Club

San Francisco, California, United States

LendingClub provides an alternative to the traditional banking system. LendingClub provides a platform for connecting borrowers with lenders. Lending Club was founded in 2006 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-24 Applied Systems

Chicago, Illinois, United States

Applied Systems is a provider of cloud-based software to the P&C and benefits insurance industries. The company provides agency and brokerage management systems to customers throughout North America and Europe. Applied Systems was founded in 1983 and is based in Chicago, Illinois.

Buy $1.8B
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 124 of 364
Sector: Internet Software and Services M&A 19 of 78
Type: Venture M&A Deals 13 of 98
State: California M&A 13 of 47
Country: United States M&A 61 of 175
Year: 2014 M&A 2 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Indusind Bank

Mumbai, India

IndusInd Bank is a private bank delivering a broad range of banking and financial services to both consumers and corporations in India. IndusInd Bank was founded in 1994 and is based in Mumbai, Maharashtra.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-10 CareCore National

Bluffton, South Carolina, United States

CareCore National is a healthcare specialty benefits management company that ensures the appropriate utilization of healthcare services across several medical disciplines, improving the quality of care for patients and reducing waste in U.S. healthcare spending.

Buy -