Investment Summary

Summit Partners Invests In TextExpander

On July 21, 2022, growth capital firm Summit Partners invested in software company TextExpander

Investment Highlights
  • This is Summit Partners’ 68th transaction in the Software sector.
  • This is Summit Partners’ 319th transaction in the United States.
  • This is Summit Partners’ 75th transaction in California.

Investment Summary

Date 2022-07-21
Target TextExpander
Sector Software
Investor(s) Summit Partners
Deal Type Growth Capital

Target

TextExpander

San Francisco, California, United States
TextExpander is a developer of productivity software designed to automate content creation through highly customizable, user-defined shortcuts or “snippets.” From small teams to enterprise-wide deployments, users leverage TextExpander across a variety of job functions and use cases – from customer support to recruiting to outbound sales. TextExpander was founded in 2003 and is based in San Francisco, California.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 387 of 415
Sector: Software M&A 68 of 74
Type: Growth Capital M&A Deals 217 of 237
State: California M&A 75 of 77
Country: United States M&A 319 of 335
Year: 2022 M&A 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Halborn

Miami, Florida, United States

Halborn provides a comprehensive suite of security solutions for companies developing applications on blockchains including DevSecOps management, smart contract audits and advanced penetration testing. Halborn was founded in 2019 and is based in Miami, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 PriceLabs

Chicago, Illinois, United States

PriceLabs is a provider of innovative and easy-to-use dynamic pricing and revenue management solutions for the accommodation industry. PriceLabs provides a data-driven approach, automation rules, and customizations to manage pricing and stay restrictions that help the owners and managers of vacation rentals increase revenues with efficiency and ease. PriceLabs was founded in 2014 and is based in Chicago, Illinois.

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