Growth Capital • Software

Banneker Partners Invests In XBE

On January 25, 2024, private equity firm Banneker Partners invested in software company XBE

Investment Context
  • This is Banneker Partners’ 13th transaction in the Software sector.
  • This is Banneker Partners’ 18th transaction in the United States.
  • This is Banneker Partners’ 1st transaction in Missouri.

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Investment Summary

Date January 25, 2024
Target XBE
Sector Software
Investor(s) Banneker Partners
Deal Type Growth Capital

Target Company

XBE

Kansas City, Missouri, United States
XBE is a provider of operations management software for the horizontal construction industry. The company’s platform includes materials, logistics, and construction management capabilities for the asphalt, concrete, aggregate, and site work segments. XBE was founded in 2017 and is based in Kansas City, Missouri.
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Investor Overview 1

Investor

Banneker Partners

San Francisco, California, United States

Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco, California.


Deal Context for Investor #
Overall 21 of 25
Sector: Software 13 of 15
Type: Growth Capital 8 of 12
State: Missouri 1 of 1
Country: United States 18 of 21
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 HS GovTech

Charlotte, North Carolina, United States

HS GovTech is a provider of web-based and mobile solutions for health and safety regulatory agencies across North America. Its platforms support inspection, information, communication, and data management to help government agencies manage operations. HS GovTech was founded in 1999 and is based in Charlotte, North Carolina.

Buy $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-26 Fluence Technologies

Toronto, Ontario, Canada

Fluence Technologies provides the only financial close and consolidation software for mid-sized companies. Fluence quick deployment, adoption, and time to value delivers game-changing efficiency gains and trusted, timely numbers for assessing past performance and planning for the future. Fluence Technologies is based in Toronto, Ontario.

Sell -