Investment Summary

AFV Partners Exits Canoo

On December 22, 2020, family office AFV Partners invested in automotive company Canoo from AFV Partners

Investment Highlights
  • This is AFV Partners’ 2nd transaction in the Automotive sector.
  • This is AFV Partners’ 4th transaction in the United States.
  • This is AFV Partners’ 2nd transaction in California.
Investment Fate
  • Canoo went bankrupt in 2025.

Investment Summary

Date 2020-12-22
Target Canoo
Sector Automotive
Investor(s) AFV Partners
Sellers(s) AFV Partners
Deal Type PIPE

Target

Canoo

Torrance, California, United States
Canoo is a mobility technology company, that designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. Canoo was founded in 2017 and is based in Torrance, California.

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Investor(S) 1

Investor
DESCRIPTION

AFV Partners is a family-backed, opportunistic investment firm focused on partnering with growth-minded, 'sustainable' companies. The Firm has a special interest in mission-critical, founder-led software, data, and cybersecurity businesses. AFV Partners was formed in 2019 and is based in Argyle, Texas.


DEAL STATS #
Overall 6 of 7
Sector: Automotive M&A 2 of 2
Type: PIPE M&A Deals 1 of 2
State: California M&A 2 of 3
Country: United States M&A 4 of 5
Year: 2020 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Seattle Avionics

Woodinville, Washington, United States

Seattle Avionics creates compelling pre-flight and in-flight user experiences with its cloud-based solutions providing direct user access to flight planning, weather, fuel prices, and group document management for the general aviation market. Their FAA-certified and geo-referenced charts and flight data are proven and used in the leading in-panel avionics systems globally. Seattle Avionics was founded in 2002 and is based in Woodinville, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Weedmaps

Irvine, California, United States

Weedmaps provides ecommerce and compliance software solutions to retailers and brands. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and information on the cannabis plant, and the industry and advocate related services for legalization. Weedmaps was founded in 2008 and is based in Irvine, California.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

AFV Partners is a family-backed, opportunistic investment firm focused on partnering with growth-minded, 'sustainable' companies. The Firm has a special interest in mission-critical, founder-led software, data, and cybersecurity businesses. AFV Partners was formed in 2019 and is based in Argyle, Texas.


DEAL STATS #
Overall 1 of 3
Sector: Automotive M&A 1 of 2
Type: PIPE M&A Deals 1 of 1
State: California M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Seattle Avionics

Woodinville, Washington, United States

Seattle Avionics creates compelling pre-flight and in-flight user experiences with its cloud-based solutions providing direct user access to flight planning, weather, fuel prices, and group document management for the general aviation market. Their FAA-certified and geo-referenced charts and flight data are proven and used in the leading in-panel avionics systems globally. Seattle Avionics was founded in 2002 and is based in Woodinville, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Weedmaps

Irvine, California, United States

Weedmaps provides ecommerce and compliance software solutions to retailers and brands. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and information on the cannabis plant, and the industry and advocate related services for legalization. Weedmaps was founded in 2008 and is based in Irvine, California.

Buy -