Investment Summary

Beringea and FTV Capital Invest In Zoovu

On February 7, 2019, private equity firm Beringea and growth capital firm FTV Capital invested in internet software and services company Zoovu

Investment Highlights
  • This is Beringea’s 19th and FTV Capital’s 17th transaction in the Internet Software and Services sector.
  • This is Beringea’s 33rd and FTV Capital’s 78th transaction in the United States.
  • This is Beringea’s 1st and FTV Capital’s 3rd transaction in Massachusetts.

Investment Summary

Date 2019-02-07
Target Zoovu
Sector Internet Software and Services
Investor(s) Beringea
FTV Capital
Deal Type Venture

Target

Zoovu

Boston, Massachusetts, United States
Zoovu is an AI-driven conversational search platform that helps customers find what they’re looking for online. Zoovu was founded in 2006 and is based in Boston, Massachusetts.

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Investor(S) 2

Investor

Beringea

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.


DEAL STATS #
Overall 89 of 103
Sector (Internet Software and Services) 19 of 24
Type (Venture) 45 of 56
State (Massachusetts) 1 of 1
Country (United States) 33 of 39
Year (2019) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-24 Firefly

London, United Kingdom

Firefly is a platform for parent engagement and learning continuity. Firefly has the potential to cut school administration by 50 percent and connect teachers, students, and parents to share lesson plans and assign and review homework directly, both in and out of the classroom. Firefly was founded in 2009 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Complion

Cleveland, Ohio, United States

Complion is a cloud-based eRegulatory platform that improves efficiency for research sites and sponsors and research institutions by enabling a sponsor-approved solution for collecting and managing a site network’s clinical trial documentation, ensuring that everyone in an organization follows standard processes and procedures while providing administrators visibility into compliance. Complion was founded in 2013 and is based in Cleveland, Ohio.

Buy -
Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 91 of 126
Sector (Internet Software and Services) 17 of 24
Type (Venture) 24 of 31
State (Massachusetts) 3 of 3
Country (United States) 78 of 103
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Catalyst Repository Systems

Denver, Colorado, United States

Catalyst Repository Systems, Inc. is a developer of hosts applications to help legal, business and insurance teams manage large document populations and collaborate on complex matters securely over the Web. Catalyst Repository Systems was founded in 1998 and is based in Denver, Colorado.

Sell $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-29 OpenSesame

Portland, Oregon, United States

OpenSesame is an eLearning platform that offers a comprehensive online catalog of curated employee training courses. OpenSesame was founded in 2011 and is based in Portland, Oregon.

Buy -