Venture • Internet Software and Services

Adams Street Partners and Stripes Invest In Craftsy

On January 1, 2013, asset manager Adams Street Partners and growth capital firm Stripes invested in internet software and services company Craftsy

Investment Context
  • This is Adams Street Partners’ 15th and Stripes’ 6th transaction in the Internet Software and Services sector.
  • This is Adams Street Partners’ 80th and Stripes’ 14th transaction in the United States.
  • This is Adams Street Partners’ 5th and Stripes’ 3rd transaction in Colorado.
Investment Fate
  • Craftsy was sold to a strategic buyer in 2017.

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Investment Summary

Date January 1, 2013
Target Craftsy
Sector Internet Software and Services
Investor(s) Adams Street Partners
Stripes
Deal Type Venture

Target Company

Craftsy

Denver, Colorado, United States
Craftsy is a preeminent online destination for passionate makers to learn, create and share. With online classes, popular supplies and indie patterns, over five million creative enthusiasts are taking their skills to new heights. Craftsy was founded in 2011 and is based in Denver, Colorado.
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Investors Overview 2

Investor

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


Deal Context for Investor #
Overall 87 of 152
Sector: Internet Software and Services 15 of 32
Type: Venture 59 of 102
State: Colorado 5 of 5
Country: United States 80 of 140
Year: 2013 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 ServiceMax

Pleasanton, California, United States

ServiceMax is a provider of field services management software solutions for technicians and offers complete end-to-end mobile and cloud-based technology for the sector. ServiceMax was founded in 1999 and is based in Pleasanton, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Incline Therapeutics

Redwood City, California, United States

Incline Therapeutics, Inc. is a company focused on the development of IONSYS® (fentanyl iontophoretic transdermal system), a compact, disposable, needleless Patient-Controlled Analgesia (PCA) system in development for the short-term management of acute postoperative pain in the hospital setting.

Sell $185M
Investor

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes was formed in 2008 and is based in New York, New York.


Deal Context for Investor #
Overall 15 of 49
Sector: Internet Software and Services 6 of 15
Type: Venture 6 of 22
State: Colorado 3 of 5
Country: United States 14 of 46
Year: 2013 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-26 Netbiscuits

Kaiserslautern, Germany

Netbiscuits is an enterprise-class cloud-based platform to create, manage and track best-in-class mobile web experiences at scale. Netbiscuits platform is used by over 400 enterprise clients and tens of thousands of registered developers around the world. Netbiscuits is based in Kaiserslautern, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-22 Tebra

Corona Del Mar, California, United States

Tebra is a provider of cloud-based solutions for independent medical practices. Tebra offers an integrated solution of products and services designed to help physicians get paid faster, find new patients, run their business smarter, and provide better care. Tebra was founded in 2004 and is based in Corona Del Mar, California.

Buy -