Investment Summary

424 Capital Invests In Reverba

On September 30, 2021, growth capital firm 424 Capital invested in business services company Reverba

Investment Highlights
  • This is 424 Capital’s 2nd transaction in the Business Services sector.
  • This is 424 Capital’s 14th transaction in the United States.
  • This is 424 Capital’s 2nd transaction in Washington.

Investment Summary
Date 2021-09-30
Target Reverba
Sector Business Services
Investor(s) 424 Capital
Deal Type Growth Capital

Target

Reverba

Seattle, Washington, United States
Reverba is a health engagement company that transforms the way healthcare companies think and function, making compliant, patient-centered action possible. It signifies a multiplying force for amplifying the perspectives of patients and the impact of their voices. Reverba was formed in 2002 and is based in Seattle, Washington.

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Investor(S) 1

Investor

424 Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1995
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.

DEAL STATS #
Overall 14 of 19
Sector (Business Services) 2 of 4
Type (Growth Capital) 8 of 13
State (Washington) 2 of 2
Country (United States) 14 of 19
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 QE Solar

Cranford, New Jersey, United States

QE Solar specializes in the operations and maintenance (O&M) of all solar photovoltaic (PV) systems, battery storage systems (BESS), technical compliance, and various other electrical systems management associated with solar PV projects. It regularly performs third-party PV system audits and verifications, full system commissioning services, Independent Engineering (IE) Services, electrical troubleshooting/testing, comprehensive IV curve traces, aerial drone IR scans, PV consulting services, and a variety of other solar performance-related services. QE Solar was formed in 2010 and is based in Cranford, New Jersey.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Environ

New York, New York, United States

Environ supports US Hospital Systems in their efforts to reduce spending on gas and electricity while simultaneously reducing price volatility. The company is the only energy procurement organization focused exclusively on the hospital market in all deregulated US markets. Environ focuses on energy efficiency, resiliency, and sustainability for their clients. It takes a comprehensive approach to energy management, reviewing both procurement and energy demand/efficiency together, Environ drives results that exceed those that emerge from addressing supply and utilization separately. Environ is based in New York City.

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Mergr

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