Investment Summary

Arrowroot Capital Invests In iLearningEngines

On April 27, 2023, private equity firm Arrowroot Capital invested in internet software and services company iLearningEngines

Investment Highlights
  • This is Arrowroot Capital’s 11th transaction in the Internet Software and Services sector.
  • This is Arrowroot Capital’s 23rd transaction in the United States.
  • This is Arrowroot Capital’s 1st transaction in Maryland.
Investment Fate
  • iLearningEngines went bankrupt in 2024.

Investment Summary

Date 2023-04-27
Target iLearningEngines
Sector Internet Software and Services
Investor(s) Arrowroot Capital
Deal Type PIPE
Advisor(s) Cooley (Legal)

Target

iLearningEngines

Bethesda, Maryland, United States
iLearningEngines is a cloud-based, AI-driven mission-critical training for enterprises. iLearningEngines was founded in 2010 and is based in Bethesda, Maryland.

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Investor(S) 1

Investor

Arrowroot Capital

Marina Del Rey, California, United States

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Arrowroot Capital is a private investment group focused on making growth capital investments in software-as-a-service and internet-based companies. The Firm looks to invest $5 to $25 million per transaction to support growth initiatives, liquidity for founders/investors, or acquisitions. Prospective companies are generally are b2b, offering mission-critical services. Arrowroot was formed in 2014 and is based in Marina Del Rey, California.


DEAL STATS #
Overall 27 of 28
Sector: Internet Software and Services M&A 11 of 11
Type: PIPE M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 23 of 24
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 KeyedIn Solutions

Bloomington, Minnesota, United States

KeyedIn Solutions helps organizations simplify business processes, improve performance and drive results through an innovative combination of SaaS business solutions, including KeyedIn Manufacturing, configurable cloud ERP software designed exclusively for custom manufacturing; and KeyedIn Projects, a strategy-led project management solution that gives organizations complete visibility into their projects, portfolios, and resources. KeyedIn Solutions is based in Bloomington, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 GrowthZone

Nisswa, Minnesota, United States

GrowthZone is a provider of software and technology solutions for associations and chambers of commerce. GrowthZone helped over 3,000 member-based organizations grow and retain membership, generate revenue, engage and communicate with members and prospects, and streamline their day-to-day operations. GrowthZone was founded in 1996 and is based in Nisswa, Minnesota.

Buy -