Investment Summary

Adams Street Partners and ICONIQ Capital Invest In Orca Security

On October 6, 2021, asset manager Adams Street Partners and growth capital firm ICONIQ Capital invested in internet software and services company Orca Security

Investment Highlights
  • This is Adams Street Partners’ 33rd and ICONIQ Capital’s 29th transaction in the Internet Software and Services sector.
  • This is Adams Street Partners’ 133rd and ICONIQ Capital’s 70th transaction in the United States.
  • This is Adams Street Partners’ 2nd and ICONIQ Capital’s 1st transaction in Oregon.

Investment Summary

Date 2021-10-06
Target Orca Security
Sector Internet Software and Services
Investor(s) Adams Street Partners
ICONIQ Capital
Deal Type Venture

Target

Orca Security

Portland, Oregon, United States
Orca Security is a developer of a cloud security platform designed to deliver end-to-end protection and comprehensive visibility into customers’ entire cloud infrastructure. Orca Security is based in Portland, Oregon.

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Investor(S) 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 STATS #
Overall 145 of 148
Sector (Internet Software and Services) 33 of 33
Type (Venture) 98 of 100
State (Oregon) 2 of 2
Country (United States) 133 of 136
Year (2021) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Nomad Health

New York, New York, United States

Nomad Health is a healthcare staffing platform designed to connect nurses to rewarding opportunities and address the healthcare staffing shortage. Nomad eliminates the chaotic and inelegant healthcare staffing system of yesterday and replaces it with a simple, modern platform that just works. Nomad Health was founded in 2015 and is based in New York city.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Vacasa

Portland, Oregon, United States

Vacasa is a vacation rental management company in North America and offers property management and other real estate services directly and through licensed subsidiaries. Vacasa was founded in 2009 and is based in Portland, Oregon.

Sell -
Investor

ICONIQ Capital


Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION


DEAL STATS #
Overall 75 of 91
Sector (Internet Software and Services) 29 of 33
Type (Venture) 56 of 72
State (Oregon) 1 of 1
Country (United States) 70 of 80
Year (2021) 23 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 Twin Health

Mountain View, California, United States

Twin Health is a precision health technology platform that combines sensors, machine learning, and medical science to reverse and prevent chronic metabolic diseases. Twin Health is based in Mountain View, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Primer

London, United Kingdom

Primer is a payments automation platform offering merchants the underlying infrastructure they need to optimize their payments stack and enable better buying experiences. Primer is based in London, United Kingdom.

Buy -