Investment Summary

Arrowroot Capital and Radian Capital Invest In Tulip

On June 24, 2021, private equity firm Arrowroot Capital and growth capital firm Radian Capital invested in internet software and services company Tulip

Investment Highlights
  • This is Arrowroot Capital’s 9th and Radian Capital’s 6th transaction in the Internet Software and Services sector.
  • This is Arrowroot Capital’s 1st and Radian Capital’s 2nd transaction in Canada.
  • This is Arrowroot Capital’s 1st and Radian Capital’s 1st transaction in Ontario.

Investment Summary

Date 2021-06-24
Target Tulip
Sector Internet Software and Services
Investor(s) Arrowroot Capital
Radian Capital
Deal Type Venture

Target

Tulip

Kitchener, Ontario, Canada
Tulip is a cloud-based software provider focused on omnichannel mobile solutions for retail stores. Tulip was founded in 2013 and is based in Kitchener, Ontario.

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Investor(S) 2

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 Santa Monica, California.


DEAL STATS #
Overall 22 of 27
Sector (Internet Software and Services) 9 of 11
Type (Venture) 13 of 16
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Sourcepoint

New York City, New York, United States

Sourcepoint is a privacy compliance platform for the digital marketing ecosystem. It provides tools to protect consumer privacy, manage compliance and optimize revenue in a rapidly changing landscape. Sourcepoint is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Ayla Networks

Milpitas, California, United States

Ayla Networks is a provider of platforms for product manufacturers, service providers, and enterprise companies to connect any device to any application and achieve digital transformation. Ayla's IoT Platform, accelerates the development, support, and ongoing enhancements of connected products for the Internet of Things. Ayla Networks was founded in 2010 and is based in Milpitas, California.

Buy -
Investor

Radian Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2016
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Radian Capital is a growth capital firm focused on investing in business software and services companies. The Firm is geographically agnostic and looks to commit $5 to $30 million per transaction. The Firm has a particular interest in companies that can capitalize on the shift of IT spending decisions to departments within businesses. Radian Capital was established in 2016 and is headquartered in New York City.


DEAL STATS #
Overall 11 of 15
Sector (Internet Software and Services) 6 of 7
Type (Venture) 4 of 7
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Momentus Technologies

O’Fallon, Missouri, United States

Momentus Technologies is an event and venue management software to over 50,000 users in over 50 countries around the world, empowering the people that bring people together. Their comprehensive platform offers event professionals leading-edge Software as a Service (SaaS) technology that provides a 360 view of their business, allowing them to cut costs, save time, and increase revenue. Momentus Technologies was founded in 1985 and is based in O’Fallon, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Browzwear

New York, New York, United States

Browzwear is a pioneer of 3D digital solutions for the fashion industry, driving seamless processes from concept to commerce. For designers, Browzwear accelerates collection development, opening limitless opportunities to create iterations of styles. Browzwear was founded in 2012 and is based in New York.

Buy -