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  6. TCV Invests In Rave Mobile Safety

Investment Summary

TCV Invests In Rave Mobile Safety

On April 25, 2019, private equity firm TCV invested in software company Rave Mobile Safety

Investment Highlights
  • This is TCV’s 22nd transaction in the Software sector.
  • This is TCV’s 64th transaction in the United States.
  • This is TCV’s 5th transaction in Massachusetts.
Investment Fate
  • Rave Mobile Safety was sold to a publicly-traded strategic buyer in 2022.

Investment Summary
Date 2019-04-25
Target Rave Mobile Safety
Sector Software
Investor(s) TCV
Deal Type Growth Capital
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Rave Mobile Safety

Framingham, Massachusetts, United States
Rave Mobile Safety is a safety software partner, provides critical communication and data platform to education and healthcare institutions, enterprises and state and local public safety agencies. Rave Mobile Safety was founded in 2004 and is headquartered in Framingham, Massachusetts.

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Investor(S) 1

Investor

TCV

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.

DEAL STATS #
Overall 75 of 85
Sector: Software M&A 22 of 24
Type: Growth Capital M&A Deals 21 of 23
State: Massachusetts M&A 5 of 7
Country: United States M&A 64 of 70
Year: 2019 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 Webroot

Broomfield, Colorado, United States

Webroot, Inc. is a cybersecurity company. Webroot delivers next-generation endpoint security and threat intelligence services to protect businesses and individuals around the globe. Webroot's security approach harnesses the power of cloud-based collective threat intelligence derived from millions of real-world devices to stop threats in real time. Webroot was founded in 1997 and is headquartered in Broomfield, Colorado.

Sell $619M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Perceptyx

Temecula, California, United States

Perceptyx delivers enterprise-level employee surveys and people analytics solutions. Perceptyx technology makes it easy for managers and HR or business leaders to discover insights deep within large and complex organizations, driving meaningful action to improve business outcomes. Perceptyx was founded in 2003 and is based in Temecula, California.

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