Investment Summary

Edison Partners and Chicago Venture Partners Exits Predata

On August 18, 2021, FiscalNote invested in information technology company Predata from Edison Partners and Chicago Venture Partners

Investment Highlights
  • This is FiscalNote’s 3rd transaction in the Information Technology sector.
  • This is FiscalNote’s 5th transaction in the United States.
  • This is FiscalNote’s 1st transaction in New York.

Investment Summary

Date 2021-08-18
Target Predata
Sector Information Technology
Investor(s) FiscalNote
Sellers(s) Edison Partners
Chicago Venture Partners
Deal Type Add-on Acquisition

Target

Predata

New York, New York, United States
Predata is a predictive analytics platform is used by hedge funds, corporate security officers, and government agencies to forecast geopolitical risk throughout the world. Using open-source intelligence (OSINT), the platform enables organizations to collect and visualize tens of thousands of digital conversations from a range of social and collaborative media channels on a daily basis. Predata is based in New York, New York.

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Investor(S) 1

Investor

FiscalNote

Washington, District of Columbia, United States

Category Company
Founded 2013
Sector Information Services
Employees456
Revenue 120M USD (2024)
DESCRIPTION

FiscalNote is a technology and media company that provides information services and software that connects the world to their governments. As the premier hub of domestic and global government information, FiscalNote’s suite of software solutions offers customers and readers policy data, news, analysis and journalism. For organizations facing government impact, FiscalNote is the platform for professionals to plan and execute their organization’s government risk strategy. FiscalNote was founded in 2013 and is based in Washington DC.


DEAL STATS #
Overall 10 of 16
Sector: Information Technology M&A 3 of 5
Type: Add-on Acquisition M&A Deals 9 of 15
State: New York M&A 1 of 1
Country: United States M&A 5 of 8
Year: 2021 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Equilibrium

Singapore, Singapore

Equilibrium is a next-generation ESG and climate data management software platform, helping companies understand how to improve their ESG performance, understand risk and automate their reporting. Equilibrium was founded in 2019 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Curate

Madison, Wisconsin, United States

Curate is a civic intelligence company that empowers organizations to monitor risk and find opportunities in local government discussions at scale. Government relations professionals use Curate’s database and custom reports to track policies, projects, and hot topics in more than 12,000 municipalities across the U.S. Curate was founded in 2016 and is based in Madison, Wisconsin.

Buy -

Seller(S) 2

SELLER

Edison Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Edison Partners is a growth capital firm focused on investing in high-growth vertical SaaS, financial technology, healthcare IT and marketplace companies. The Firm looks for businesses with $10 to $40 million in revenue operating throughout the US. Edison Partners was formed in 1986 and is based in Princeton, New Jersey.


DEAL STATS #
Overall 13 of 24
Sector: Information Technology M&A 5 of 10
Type: Add-on Acquisition M&A Deals 10 of 19
State: New York M&A 4 of 6
Country: United States M&A 11 of 19
Year: 2021 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Bento For Business

San Francisco, California, United States

Bento For Business is a provider of financial management solutions for small and midsize businesses. Bento will use the funds to accelerate sales and marketing and continue product innovation of its payments, spend management, and business banking platform. Bento For Business was founded in 2013 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Bodhala

New York, New York, United States

Bodhala is legal spend analytics and management platform, provides corporate legal departments with in-depth analytics and spend optimization solutions based on real-time market intelligence. Powered by machine learning and AI, Bodhala transforms messy data into actionable, high-impact insights to help companies save up to 20% on their outside counsel spend. Bodhala was formed in 2014 and is based in New York, New York.

Sell -
SELLER

Chicago Venture Partners

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1998
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Chicago Venture Partners LP (CVP) is a private equity firm that invests in lower middle market companies located throughout the US. CVP focuses on companies led by experienced management, positive cash-flow, and revenues greater than $15 million. CVP looks to invests $2 - $3 million per investment. The Firm seeks companies operating in healthcare, information technology, and internet software/services. Targeted transaction types include buyouts, growth capital financings, PIPES, and corporate divestitures. Chicago Venture Partners LP was formed in 1998 and is based in Chicago.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-16 Growlife

Kirkland, Washington, United States

Growlife is a cultivation brand, providing world-class hydroponic equipment, lighting, nutrients, media, and other grow supplies to licensed commercial and urban operations. With a complete selection of cultivation products combined with logistics and distribution services, GrowLife can help responsible cultivation operations efficiently control supply costs, manage build-out investments, track supply usage and streamline workflows. Growlife was founded in 2012 and is based in Kirkland, Washington.

Buy -