Investment Summary

K1 Investment Management and PSG Invest In Ironscales

On December 5, 2017, growth capital firms K1 Investment Management and PSG invested in information technology company Ironscales

Investment Highlights
  • This is K1 Investment Management’s 4th and PSG’s 3rd transaction in the Information Technology sector.
  • This is K1 Investment Management’s 10th and PSG’s 10th transaction in the United States.
  • This is K1 Investment Management’s 1st and PSG’s 1st transaction in Georgia.

Investment Summary

Date 2017-12-05
Target Ironscales
Sector Information Technology
Investor(s) K1 Investment Management
PSG
Deal Type Venture

Target

Ironscales

Atlanta, Georgia, United States
Ironscales is an email security company focused on fighting back against today’s modern phishing attacks. Our self-learning, AI-driven platform continuously detects and remediates advanced threats like Business Email Compromise (BEC), credential harvesting, Account Takeover (ATO), and more. Ironscales was founded in 2014 and is based in Atlanta, Georgia.

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Investor(S) 2

DESCRIPTION

K1 Investment Management, LLC is a West Coast US-based private equity firm investing in high-growth private companies across North America. The Firm has a special interest in enterprise software companies and looks to provide meaningful strategic and operational guidance when working with portfolio companies. K1 Investment Management was established in 2011 and is headquartered in El Segundo, California.


DEAL STATS #
Overall 12 of 51
Sector: Information Technology M&A 4 of 8
Type: Venture M&A Deals 2 of 12
State: Georgia M&A 1 of 1
Country: United States M&A 10 of 35
Year: 2017 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-15 Actiance

Redwood City, California, United States

Actiance, Inc. engages in communications compliance, archiving, and analytics. Actiance provides compliance across the broadest set of communications and social channels with insights on what’s being captured. Actiance customers manage over 500 million daily conversations across 80 channels and growing. Actiance was founded in 1998 and is based in Redwood City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-08 SecureAuth

Irvine, California, United States

SecureAuth provides enterprise security combining identity and access security, endpoint, network, and threat detection services. Enterprise customers rely on SecureAuth for advanced threat discovery, protection, and detection capabilities. SecureAuth was founded in 2005 and is based in Irvine, California.

Buy -
Investor

PSG

Investor Investor Investor Investor Investor


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 10 of 130
Sector: Information Technology M&A 3 of 26
Type: Venture M&A Deals 2 of 17
State: Georgia M&A 1 of 4
Country: United States M&A 10 of 91
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 Lumaverse

Charlotte, North Carolina, United States

Lumaverse is a platform joining companies that solve group management challenges for nonprofits and K-12 schools. The company lights the way to increased engagement, data-driven insights and streamlined group management that lets organizations spend less time organizing spreadsheets and checklists and more time building lasting connections with their communities. Lumaverse is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Payrix

Sandy Springs, Georgia, United States

Payrix enables vertically-focused SaaS companies to embed and manage payments natively within their software, securing additional recurring revenue and creating an awesome experience. The company provides the tools to create a seamless, embedded user experience and offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business appetite. Payrix was founded in 2015 and is based in Sandy Springs, Georgia.

Buy -