Investment Summary

424 Capital Invests In Neovera

On June 16, 2023, growth capital firm 424 Capital invested in information technology company Neovera

Investment Highlights
  • This is 424 Capital’s 5th transaction in the Information Technology sector.
  • This is 424 Capital’s 18th transaction in the United States.
  • This is 424 Capital’s 1st transaction in Virginia.

Investment Summary
Date 2023-06-16
Target Neovera
Sector Information Technology
Investor(s) 424 Capital
Deal Type Growth Capital

Target

Neovera

Reston, Virginia, United States
Neovera is a consulting and managed services provider for cloud infrastructure and cybersecurity including monitoring, managed services, CaaS, and Identity and Access Management. Neovera is based in Reston, Virginia.

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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 18 of 19
Sector (Information Technology) 5 of 5
Type (Growth Capital) 12 of 13
State (Virginia) 1 of 1
Country (United States) 18 of 19
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 PTP

Norwood, Massachusetts, United States

PTP is an Amazon Web Services Advanced Consulting partner with the Life Sciences and Managed Security Services Competencies, providing strategic guidance and IT managed services to biotechnology companies. PTP is based in Norwood, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-29 VaLogic

Frederick, Maryland, United States

VaLogic provides a wide range of services, including calibration, CQV (Commissioning, Qualification, and Validation), environmental monitoring, and certification. The specialization in pharmaceuticals, biotechnology, and life sciences ensures guaranteed unwavering compliance, operational efficiency, and excellence. VaLogic was formed in 2001 and is based in Frederick, Maryland.

Buy -
Mergr

Product

Company

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