Investment Summary

Lead Edge Capital Invests In SafeSend

On April 6, 2021, growth capital firm Lead Edge Capital invested in internet software and services company SafeSend

Investment Highlights
  • This is Lead Edge Capital’s 15th transaction in the Internet Software and Services sector.
  • This is Lead Edge Capital’s 25th transaction in the United States.
  • This is Lead Edge Capital’s 1st transaction in Michigan.
Investment Fate
  • SafeSend was sold to a publicly-traded strategic buyer in 2025 for 600M USD.

Investment Summary
Date 2021-04-06
Target SafeSend
Sector Internet Software and Services
Investor(s) Lead Edge Capital
Deal Type Growth Capital
Advisor(s) D.A. Davidson (Financial)
Rutan & Tucker (Legal)

Target

SafeSend

Ann Arbor, Michigan, United States
SafeSend is a cloud-native provider of technology for tax and accounting professionals. The company automates the 'last-mile' of the tax return, including assembly, review, taxpayer e-signature, and delivery. Its software solves key pain points for customers and their clients by eliminating time-consuming manual tasks. SafeSend is based in Ann Arbor, Michigan.

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Investor(S) 1

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 31 of 46
Sector (Internet Software and Services) 15 of 23
Type (Growth Capital) 7 of 10
State (Michigan) 1 of 1
Country (United States) 25 of 37
Year (2021) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Material Bank

Boca Raton, Florida, United States

Material Bank is a provider of the marketplace for searching, sampling, and specifying an architecture, design, and construction materials. The revolutionary platform powers complex searches across hundreds of brands in seconds. Material Bank was founded in 2018 and is based in Boca Raton, Florida.

Buy -
Mergr

Product

Company

Legal