Investment Summary

Summit Partners Invests In VeriShip

On January 1, 2018, private equity firm Summit Partners invested in internet software and services company VeriShip, Inc.

Investment Highlights
  • This is Summit Partners’ 24th transaction in the Internet Software and Services sector.
  • This is Summit Partners’ 267th transaction in the United States.
  • This is Summit Partners’ 4th transaction in Missouri.

Investment Summary

Date 2018-01-01
Target VeriShip, Inc.
Sector Internet Software and Services
Investor(s) Summit Partners
Deal Type Growth Capital

Target

VeriShip, Inc.

Kansas City, Missouri, United States
website
VeriShip, Inc. is a SaaS-based logistics spend management and payments platform used by corporate shippers. VeriShip helps shippers gain granular visibility into parcel spend, save money on contractual and erroneous charges, and consolidate and automate payments to carriers. VeriShip, Inc. was founded in 2004 and is based in Kansas City, Missouri.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 19.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private equity and venture capital firm with offices in Boston, Palo Alto, and London. Summit looks for businesses operating in growth industries. 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.


DEAL STATS #
Overall 306 of 328
Sector (Internet Software and Services) 24 of 27
Type (Growth Capital) 180 of 192
State (Missouri) 4 of 4
Country (United States) 267 of 281
Year (2018) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Advance Health

Chantilly, Virginia, United States

Advance Health is a healthcare provider of prospective health risk assessments (“HRAs”). Advance Health offers in-home and facility-based HRAs and chronic care management services for health plans. Advance Health was founded in 2010 and is based in Chantilly, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Trintech, Inc.

Addison, Texas, United States

Trintech is a provider of integrated software solutions for the Last Mile of Finance. From the time a transaction occurs to the time financial statements are issued, Trintech's innovative Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing.

Buy -