Venture • Internet Software and Services

Adams Street Partners and Cobalt Ventures Invest In Solera Health

On July 12, 2017, asset manager Adams Street Partners and private equity firm Cobalt Ventures invested in internet software and services company Solera Health

Investment Context
  • This is Adams Street Partners’ 23rd and Cobalt Ventures’ 1st transaction in the Internet Software and Services sector.
  • This is Adams Street Partners’ 99th and Cobalt Ventures’ 3rd transaction in the United States.
  • This is Adams Street Partners’ 2nd and Cobalt Ventures’ 1st transaction in Arizona.

Explore All 814 Venture Internet Software and Services Deals - Search the Database Free


Investment Summary

Date July 12, 2017
Target Solera Health
Sector Internet Software and Services
Investor(s) Adams Street Partners
Cobalt Ventures
Deal Type Venture

Target Company

Solera Health

Phoenix, Arizona, United States
Solera Health is a technology-enabled healthcare services company that connects people to high-quality digital apps and in-person community providers. Solera’s consumer-driven approach and performance-based medical claims payment model help drive engagement, improve outcomes and maximize overall wellness for each member. Solera Health was founded in 2015 and is based in Phoenix, Arizona.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

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 110 of 152
Sector: Internet Software and Services 23 of 32
Type: Venture 78 of 102
State: Arizona 2 of 2
Country: United States 99 of 140
Year: 2017 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 RadiumOne

San Francisco, California, United States

RadiumOne is an advertising platform that covers online, video, social, and mobile adverting using real-time bidding. RadiumOne is an award-winning, data-driven marketing platform that analyzes consumer signals in real-time to determine consumer intent from a broad range of digital touchpoints, which includes a brand’s paid (advertising), earned (influencers), shared (social), and owned (websites and applications) media channels. RadiumOne was founded in 2009 and is based in San Francisco, California.

Sell $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-19 Lever

San Francisco, California, United States

Lever is a recruiting software that supports the hiring needs of over 1,300 leading companies around the globe including the teams at Netflix, Lyft, Hot Topic, and Owens-Illinois. Lever is designed with integrated ATS and CRM functionality, and features a modern interface that helps employers develop stronger candidate relationships in fewer clicks. Lever was founded in 2012 and is based in San Francisco, California.

Buy -
DESCRIPTION

Cobalt Ventures is the private equity investment arm of Blue Cross and Blue Shield of Kansas City. The Firm looks to invest $10 to $75 million (majority or minority positions) to support scalable, high-growth healthcare companies that are seeking to increase the overall quality of healthcare services, improve outcomes and lower costs for customers and members. Specific areas of interest include home healthcare/hospice, outpatient services, telehealth, pharmaceutical distribution, and tech-enabled healthcare services. Cobalt Ventures is based in Kansas City, Missouri.


Deal Context for Investor #
Overall 3 of 8
Sector: Internet Software and Services 1 of 4
Type: Venture 1 of 4
State: Arizona 1 of 1
Country: United States 3 of 8
Year: 2017 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 MEDVAL

Columbia, Maryland, United States

MEDVAL LLC delivers fully-integrated Medicare Secondary Payer (MSP) solutions. From Medicare Set-Aside (MSA) evaluations to structured settlements to the administration of MSA funds, MEDVAL serves attorneys, carriers, and TPAs seeking a better MSP compliance process for personal injury and workers’ compensation claims. MEDVAL was formed in 2003 and is based in Columbia, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Rx Savings Solutions

Overland Park, Kansas, United States

Rx Savings Solutions (RxSS) is an innovative software company focused on pharmaceutical drug cost containment for employers, employees, and payers. Rx Savings Solutions was founded in 2012 and is based in Overland Park, Kansas.

Buy -