Investment Summary

Ballast Point Ventures Invests In Mailprotector

On March 5, 2020, growth capital firm Ballast Point Ventures invested in internet software and services company Mailprotector

Investment Highlights
  • This is Ballast Point Ventures’ 5th transaction in the Internet Software and Services sector.
  • This is Ballast Point Ventures’ 38th transaction in the United States.
  • This is Ballast Point Ventures’ 2nd transaction in South Carolina.

Investment Summary

Date 2020-03-05
Target Mailprotector
Sector Internet Software and Services
Investor(s) Ballast Point Ventures
Deal Type Venture

Target

Mailprotector

Greenville, South Carolina, United States
Mailprotector provides cloud-based email security and encryption, management, and hosting services sold exclusively through Managed Services Providers to businesses, government, and non-profits around the world. Mailprotector is based in Greenville, South Carolina.

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Investor(S) 1

Investor

Ballast Point Ventures

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ballast Point Ventures is a private investment firm that targets growth businesses located in the South US. Ballast Point looks to commit $5 to $15 million of equity capital per transaction and looks for businesses in markets with annual revenues of at least $100 million. Sectors of interest include healthcare, information technology (IT), financial services, communications, business services, and consumer products/services. Ballast Point Ventures was formed in 2001 and is based in Tampa, Florida.


DEAL STATS #
Overall 38 of 44
Sector: Internet Software and Services M&A 5 of 5
Type: Venture M&A Deals 14 of 18
State: South Carolina M&A 2 of 2
Country: United States M&A 38 of 44
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 Abacode

Tampa, Florida, United States

Abacode is a managed security services provider with an emphasis on Governance, Risk, and Compliance readiness services and a suite of related cybersecurity professional services. Abacode was founded in 2014 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 PowerDMS

Orlando, Florida, United States

PowerDMS, Inc. is a cloud-based policy management software company. The application provides practical tools to organize and manage critical content and industry standards, train, and test employees, and uphold proof of compliance, thereby helping organizations reduce risk and liability. The company simplifies document management through powerful collaboration, process, and automation. PowerDMS was formed in 2001 and is based in Orlando, Florida.

Sell -