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PIPE • Software

Alta Partners Invests In Ellie Mae

On May 3, 2010, venture capital firm Alta Partners invested in software company Ellie Mae

Investment Context
  • This is Alta Partners’ 1st transaction in the Software sector.
  • This is Alta Partners’ 40th transaction in the United States.
  • This is Alta Partners’ 27th transaction in California.
Investment Fate
  • Ellie Mae was sold to a consortium of financial buyers in 2019 for 3.7B USD.
  • Ellie Mae was sold to a publicly-traded strategic buyer in 2020 for 11.0B USD.

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Investment Summary
Date May 3, 2010
Target Ellie Mae
Sector Software
Investor(s) Alta Partners
Deal Type PIPE

Target Company

Ellie Mae

Pleasanton, California, United States
Ellie Mae automates and digitizes the trillion-dollar residential mortgage industry. Through its Digital Lending Platform, Ellie Mae provides technology services to all participants in the mortgage supply chain, including its over 3,000 customers and thousands of partners and investors participating in the open networks who provide liquidity to the market. Lenders rely on Ellie Mae to securely manage and facilitate the exchange of data across the ecosystem to enable the origination of mortgages while maintaining strict adherence to various local, state, and federal compliance requirements. Ellie Mae was formed in 1997 and is based in Pleasanton, California.
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Investor Overview 1

Investor

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.

Deal Context for Investor #
Overall 48 of 59
Sector: Software 1 of 1
Type: PIPE 5 of 5
State: California 27 of 31
Country: United States 40 of 50
Year: 2010 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-29 ATS Medical

Minneapolis, Minnesota, United States

ATS Medical, Inc., engages in the development, manufacture and marketing of medical devices for the treatment of structural heart diseases. It offers prosthetic heart valves, such as ATS Open Pivot Heart Valve, as well as ATS 3F Aortic Bioprosthesis, a biological replacement aortic heart valve and heart valve repair products. The company also markets and sells surgical cryoablation products for the treatment of cardiac arrhythmias, and it is developing minimally invasive and off-pump aortic valve concepts.

Sell $370M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-15 FoldRx Pharmaceuticals

Cambridge, Massachusetts, United States

FoldRx Pharmaceuticals is a development and discovery company focusing on first-in-class, disease-modifying, small molecule therapeutics to treat diseases of protein misfolding and aggregation (amyloidosis). The Company's lead product, FX-4006, has begun a Phase II/III study in familial amyloid polyneuropathy. FoldRx Pharmaceuticals was founded in 2003 and is based in Cambridge, Massachusetts.

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