Investment Summary

Stripes Invests In Spectro Cloud

On July 27, 2021, growth capital firm Stripes invested in internet software and services company Spectro Cloud

Investment Highlights
  • This is Stripes’ 13th transaction in the Internet Software and Services sector.
  • This is Stripes’ 32nd transaction in the United States.
  • This is Stripes’ 10th transaction in California.

Investment Summary
Date 2021-07-27
Target Spectro Cloud
Sector Internet Software and Services
Investor(s) Stripes
Deal Type Venture

Target

Spectro Cloud

Santa Clara, California, United States
Spectro Cloud is a next-gen Kubernetes enterprise management platform that makes it easy for teams to manage the full lifecycle of any combination of new and existing Kubernetes environments on any data center or cloud environment. Spectro Cloud was founded in 2019 and is based in Santa Clara, California.

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Investor(S) 1

Investor

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2008
PE ASSETS 7.3B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.

DEAL STATS #
Overall 36 of 40
Sector (Internet Software and Services) 13 of 15
Type (Venture) 19 of 22
State (California) 10 of 10
Country (United States) 32 of 36
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Emotive

Los Angeles, California, United States

Emotive is the human-to-human marketing platform that uses conversational text messaging to help eCommerce brands grow revenue faster. Hundreds of eCommerce businesses use Emotive to drive sales through conversations that feel personal and human. Emotive was founded in 2018 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Udemy

San Francisco, California, United States

Udemy is an online education learning marketplace where 10 million students are enrolled in 40,000 courses across 190 countries. Udemy was founded in 2010 and is based in San Francisco, California.

Sell -
Mergr

Product

Company

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