M&A Deal Summary

AlleyCorp Acquires Meetup

On March 30, 2020, venture capital firm AlleyCorp acquired internet software and services company Meetup from WeWork

Acquisition Highlights
  • This is AlleyCorp’s 1st transaction in the Internet Software and Services sector.
  • This is AlleyCorp’s 1st transaction in the United States.
  • This is AlleyCorp’s 1st transaction in New York.
Investment Fate
  • Meetup was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2020-03-30
Target Meetup
Sector Internet Software and Services
Buyer(s) AlleyCorp
Sellers(s) WeWork
Deal Type Divestiture

Target

Meetup

New York, New York, United States
Meetup is an online social networking portal that helps people to self-organize into groups. Meetup was founded in 2002 and is based in New York City.

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Buyer(S) 1

DESCRIPTION

AlleyCorp is a venture capital firm that looks to found and fund tech-enabled companies in or around New York. AlleyCorp was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-24 Meetup

New York, New York, United States

Meetup is an online social networking portal that helps people to self-organize into groups. Meetup was founded in 2002 and is based in New York City.

Sell -

Seller(S) 1

SELLER

WeWork

New York, New York, United States

Category Company
Founded 2010
Sector Real Estate
Revenue 3.2B USD (2022)
DESCRIPTION
WeWork co-working office in Austin, Texas.
WeWork co-working office in Austin, Texas.

WeWork is a global network of co-working offices and living spaces that looks to foster a community amongst its members. WeWork was established in 2010 and is based in New York, New York.


DEAL STATS #
Overall 5 of 7
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 3 of 5
State: New York M&A 4 of 5
Country: United States M&A 5 of 7
Year: 2020 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Managed by Q

New York, New York, United States

Managed by Q is the platform for office management. Q makes it easy to run an office by connecting offices to services, including cleaning, maintenance, office administration, IT, and security. Companies use Q’s marketplace to discover vetted service providers, request project quotes, schedule work, and pay for office services, all in one place. A solution for recurring and ad-hoc office needs, Q saves companies valuable time and supports office operations for thousands of businesses nationwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 SpaceIQ

Mountain View, California, United States

SpaceIQ LLC provides mid-market companies with easy-to-use tools to access data across the entire enterprise that optimize space use, meeting room coordination, workplace moves, and asset management. SpaceIQ was founded in 2016 and is based in Mountain View, California.

Sell -