Investment Summary

Staley Capital, Core Capital and Raine Invest In Olo

On October 27, 2014, growth capital firm Staley Capital, private equity firm Core Capital and merchant bank Raine invested in internet software and services company Olo

Investment Highlights
  • This is Staley Capital’s 2nd, Core Capital’s 2nd and Raine’s 3rd transaction in the Internet Software and Services sector.
  • This is Staley Capital’s 4th, Core Capital’s 2nd and Raine’s 10th transaction in the United States.
  • This is Staley Capital’s 2nd, Core Capital’s 1st and Raine’s 3rd transaction in New York.
Investment Fate
  • Olo went public in 2021.
  • Olo was sold to a financial buyer in 2025 for 2.0B USD.

Investment Summary

Date 2014-10-27
Target Olo
Sector Internet Software and Services
Investor(s) Staley Capital
Core Capital
Raine
Deal Type Growth Capital

Target

Olo

New York, New York, United States
Olo provides a mobile, tablet, and PC based platform that gives consumers a faster, more accurate customer experience for ordering takeout, enabling diners to “Skip the Line” by ordering and paying via website or branded apps prior to arriving at a restaurant or eating venue. Olo was founded in 2005 and is based in New York, New York.

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Investor(S) 3

Investor

Staley Capital

Waltham, Massachusetts, United States

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Staley Capital is a private investment group focused on growth-oriented, tech-enabled service companies. The Firm looks for businesses with recurring revenues, rapid revenue growth, strong margins, and 'sticky' customer relationships. Staley looks to commit $5 to $20 million per transaction with Investments generally taking the form of minority growth capital financings. Staley Capital is based in Waltham, Massachusetts.


DEAL STATS #
Overall 4 of 7
Sector: Internet Software and Services M&A 2 of 2
Type: Growth Capital M&A Deals 2 of 4
State: New York M&A 2 of 2
Country: United States M&A 4 of 7
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 ClickSquared

Boston, Massachusetts, United States

ClickSquared is a provider of cross-channel marketing and email marketing services. With innovative offerings ranging from self-service email marketing to highly automated, real-time customer engagement and loyalty programs, ClickSquared’s innovative, multi-channel SaaS marketing platform orchestrates and delivers analytics-driven, relevant and personalized customer communications across email marketing, direct mail, social, mobile and web channels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 Acclaris

Tampa, Florida, United States

Acclaris provides the services and technology that health plans, benefit consultants and financial institutions rely on to deliver health care and reimbursement account.

Sell -
Investor

Core Capital

Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 218M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Core Capital Partners is a private equity firm focused on investing in UK-based companies. The Firm is a generalist investor and has experience in the healthcare, IT, business services, leisure, consumer, technology, and media sectors. Core generally seeks to commit £10 to £25 million per investment and will consider a variety of transaction situations including buyouts, growth capital financings, add-on acquisitions, recapitalizations, and distressed situations. Core Capital was formed in 2005 and is headquartered in London.


DEAL STATS #
Overall 15 of 18
Sector: Internet Software and Services M&A 2 of 2
Type: Growth Capital M&A Deals 9 of 12
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-28 Adapt Services

London, United Kingdom

Adapt Services Ltd. is a UK managed cloud services provider and integrator, enabling customers’ digital evolution.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 Kelway

London, United Kingdom

Kelway Ltd. provides IT Services, Supply and Solutions provider focused on the SME market.

Sell -
Investor

Raine

New York, New York, United States

Investor Investor Investor Investor Investor


Category Merchant Bank
Founded 2009
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Raine Group is a global merchant bank focused on advising and investing in businesses operating in the digital, media & entertainment and sports & lifestyle sectors. Raine's investment arm looks to invest $5 to $80 million per transaction. The Raine Group was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 12 of 16
Sector: Internet Software and Services M&A 3 of 4
Type: Growth Capital M&A Deals 6 of 8
State: New York M&A 3 of 4
Country: United States M&A 10 of 14
Year: 2014 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-25 DraftKings

Boston, Massachusetts, United States

DraftKings is an online gaming destination where players engage in daily fantasy sports competitions across fantasy football, baseball, golf, basketball, hockey, and college football and basketball. DraftKings is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 C3 Presents

Austin, Texas, United States

C3 Presents, LLC produces, books, and markets live experiences, concerts, events, and music shows and festivals in the United States.

Sell -