Investment Summary

Summit Partners Invests In VeriShip

On January 1, 2018, growth capital firm Summit Partners invested in internet software and services company VeriShip

Investment Highlights
  • This is Summit Partners’ 30th transaction in the Internet Software and Services sector.
  • This is Summit Partners’ 272nd transaction in the United States.
  • This is Summit Partners’ 4th transaction in Missouri.
Investment Fate
  • VeriShip merged with another company in 2020.

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

Target

VeriShip

Kansas City, Missouri, United States
VeriShip 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 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

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B 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 312 of 387
Sector (Internet Software and Services) 30 of 47
Type (Growth Capital) 178 of 219
State (Missouri) 4 of 5
Country (United States) 272 of 320
Year (2018) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 a.k.a. Brands

West Hollywood, California, United States

a.k.a. Brands is an operator of the global, direct-to-consumer platform comprised of digitally-native fashion brands offering a curated assortment of on-trend, affordably-priced fashion apparel and accessories. The company leverages its operational expertise and deep industry experience to help emerging brands grow and achieve their full potential. a.k.a. Brands was founded in 2018 and is based in West Hollywood, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Trintech

Plano, 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. Trintech was founded in 1993 and is based in Plano, Texas.

Buy -
Mergr

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