Investment Summary

PSG Invests In DigitalEd

On August 3, 2021, growth capital firm PSG invested in internet software and services company DigitalEd

Investment Highlights
  • This is PSG’s 26th transaction in the Internet Software and Services sector.
  • This is PSG’s 3rd transaction in Canada.
  • This is PSG’s 1st transaction in Ontario.

Investment Summary

Date 2021-08-03
Target DigitalEd
Sector Internet Software and Services
Investor(s) PSG
Deal Type Growth Capital
Advisor(s) Grant Thornton Transaction Advisory
Tyton Partners (Financial)
Stikeman Elliott
Gowling WLG (Legal)

Target

DigitalEd

Waterloo, Ontario, Canada
DigitalEd is a cloud-based software company devoted to improving student educational success. DigitalEd used beliefs, values, and core pillars of software development to build the Mobius platform an innovative and comprehensive learning platform for Science, Technology, Engineering, and Mathematics. DigitalEd was founded in 2018 and is based in Waterloo, Ontario.

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Investor(S) 1

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 68 of 130
Sector: Internet Software and Services M&A 26 of 50
Type: Growth Capital M&A Deals 29 of 74
State: Ontario M&A 1 of 1
Country: Canada M&A 3 of 4
Year: 2021 M&A 17 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 LogicGate

Chicago, Illinois, United States

LogicGate is a creator of the Risk Cloud platform and Risk Cloud Exchange (RCX), which is helping redefine the way businesses think about risk. Through the proactive management of governance, risk, and compliance (GRC) processes, hundreds of customers rely on Risk Cloud to improve organizational efficiency, reduce costs and enable revenue generation and retention. LogicGate was launched in 2015 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 OfColor

New York, New York, United States

OfColor is an enterprise SaaS provider focused on the financial health of employees. OfColor enables companies of all sizes to provide their employees with access to premier fintech tools and services. OfColor was founded in 2020 and is based in New York City.

Buy -